Teton Westwood Correlations

Mutual Funds . USA . 
Fund . Teton Westwood Small
WESCX Fund  USD 29.39  0.47  1.63%   
The current 90-days correlation between Teton Westwood Small and Vanguard Small Cap Index is 0.08 (i.e., Significant 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

Very poor diversification

The correlation between Teton Westwood Small and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood Small 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 Small. 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 main economic indicators.

Moving together with Teton Mutual Fund

  0.83WBBIX Teton Westwood BalancedPairCorr
  0.74WBCCX Teton Westwood BalancedPairCorr
  0.83WEBAX Teton Westwood BalancedPairCorr
  0.89WEEIX Teton Westwood EquityPairCorr
  0.9WEICX Teton Vertible SecuritiesPairCorr
  0.89WEIAX Teton Vertible SecuritiesPairCorr
  0.94WEMMX Teton Westwood MightyPairCorr
  0.79WEQCX Teton Westwood EquityPairCorr
  0.89WESWX Teton Westwood EquityPairCorr
  0.89WESRX Teton Vertible SecuritiesPairCorr
  0.89WESIX Teton Vertible SecuritiesPairCorr
  0.93WWSAX Teton Westwood SmallPairCorr
  1.0WWSIX Teton Westwood SmallPairCorr
  0.93WWSCX Teton Westwood SmallPairCorr
  0.93WMMCX Teton Westwood MightyPairCorr
  0.94WMMAX Teton Westwood MightyPairCorr
  0.88VSMAX Vanguard Small CapPairCorr
  0.88VSCIX Vanguard Small CapPairCorr
  0.88VSCPX Vanguard Small CapPairCorr
  0.94NAESX Vanguard Small CapPairCorr
  0.91FSSNX Fidelity Small CapPairCorr
  0.9DFSTX Us Small CapPairCorr
  0.96PASVX T Rowe PricePairCorr
  0.88PRVIX T Rowe PricePairCorr
  0.88TRZVX T Rowe PricePairCorr
  0.96PRSVX T Rowe PricePairCorr
  0.87WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.87KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.88KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.87KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.7SMPSX Semiconductor UltrasectorPairCorr
  0.87LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.87KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.87KMKAX Kinetics Market Oppo Steady GrowthPairCorr
  0.87LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.8VFIAX Vanguard 500 IndexPairCorr
  0.83LTFOX Lord Abbett AffiliatedPairCorr

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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