Teton Westwood Correlations

Mutual Funds USA . 
Fund . Teton Westwood Balanced
WBBIX Fund  USD 10.99  0.04  0.37%   
The current 90-days correlation between Teton Westwood Balanced and Teton Westwood Equity is 0.95 (i.e., Almost no diversification). The correlation of Teton Westwood 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.

Teton Westwood Correlation With Market

Almost no diversification

The correlation between Teton Westwood Balanced and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood 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 Teton Westwood 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 Teton Mutual Fund

  1.0WBCCX Teton Westwood BalancedPairCorr
  1.0WEBAX Teton Westwood BalancedPairCorr
  0.96WEEIX Teton Westwood EquityPairCorr
  0.84WEICX Teton Vertible SecuritiesPairCorr
  0.84WEIAX Teton Vertible SecuritiesPairCorr
  0.91WEIMX Teton Westwood MightyPairCorr
  0.91WEMMX Teton Westwood MightyPairCorr
  0.96WEQCX Teton Westwood EquityPairCorr
  0.96WESWX Teton Westwood EquityPairCorr
  0.84WESRX Teton Vertible SecuritiesPairCorr
  0.84WESCX Teton Westwood SmallPairCorr
  0.84WESIX Teton Vertible SecuritiesPairCorr
  0.84WWSAX Teton Westwood SmallPairCorr
  0.85WWSIX Teton Westwood SmallPairCorr
  0.84WWSCX Teton Westwood SmallPairCorr
  0.91WMMCX Teton Westwood MightyPairCorr
  0.91WMMAX Teton Westwood MightyPairCorr
  0.88FBONX American Funds AmericanPairCorr
  0.88FBAFX American Funds AmericanPairCorr
  0.88ABALX American BalancedPairCorr
  0.87BALCX American BalancedPairCorr
  0.88BALFX American BalancedPairCorr
  0.88RLBCX American BalancedPairCorr
  0.87RLBBX American BalancedPairCorr
  0.88CLBAX American BalancedPairCorr
  0.88CLBEX American BalancedPairCorr
  0.88RLBFX American BalancedPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.92VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.92VFINX Vanguard 500 IndexPairCorr
  0.92VFFSX Vanguard 500 IndexPairCorr
  0.76FEMDX Franklin Emerging MarketPairCorr
  0.73DPG Duff And PhelpsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Teton Mutual Fund performing well and Teton Westwood 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 Teton Westwood'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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