Weitz Balanced Correlations

Mutual Funds . USA . 
Fund . Weitz Balanced
WBAIX Fund  USD 16.91  0.06  0.36%   
The current 90-days correlation between Weitz Balanced and Mutual Of America is 0.62 (i.e., Poor diversification). The correlation of Weitz Balanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Weitz Balanced Correlation With Market

Very weak diversification

The correlation between Weitz Balanced and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weitz Balanced and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weitz Balanced. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Weitz Mutual Fund

  1.0WBALX Balanced Fund BalancedPairCorr
  0.98WVAIX Value Fund ValuePairCorr
  0.98WVALX Value Fund ValuePairCorr
  0.77WNTFX Nebraska Tax FreePairCorr
  0.98WPOIX Partners Iii OpportunityPairCorr
  0.99WPVLX Partners ValuePairCorr
  0.92VWIAX Vanguard Wellesley IncomePairCorr
  0.89VWINX Vanguard Wellesley IncomePairCorr
  0.66BKMIX Blackrock Multi AssetPairCorr
  0.93HBLTX Hartford BalancedPairCorr
  0.92HBLRX Hartford BalancedPairCorr
  0.93HBLSX Hartford BalancedPairCorr
  0.93HBLVX Hartford BalancedPairCorr
  0.86HBLFX Hartford BalancedPairCorr
  0.93HBLYX Hartford BalancedPairCorr
  0.92HBLCX Hartford BalancedPairCorr
  0.66VFIAX Vanguard 500 IndexPairCorr
  0.64VTSAX Vanguard Total StockPairCorr
  0.65VTSMX Vanguard Total StockPairCorr
  0.62VSTSX Vanguard Total StockPairCorr
  0.64VITSX Vanguard Total StockPairCorr
  0.68VSMPX Vanguard Total StockPairCorr
  0.84VTIAX Vanguard Total InterPairCorr
  0.66VFINX Vanguard 500 IndexPairCorr
  0.62VFFSX Vanguard 500 IndexPairCorr
  0.88FKINX Franklin IncomePairCorr
  0.9OSGIX Jpmorgan Mid CapPairCorr
  0.9BBVSX Bridge Builder SmallmidPairCorr
  0.77MSTDX Massmutual PremierPairCorr
  0.91GSGRX Goldman Sachs GrowthPairCorr
  0.66AEMZX Acadian Emerging MarketsPairCorr
  0.93NRILX Neuberger Berman IntlPairCorr
  0.86WMGCX Ivy Mid CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Weitz Mutual Fund performing well and Weitz Balanced Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Weitz Balanced's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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