Teton Convertible Correlations

WESRX Fund

USD 13.38 0.16 1.21%

The current 90-days correlation between Teton Vertible Securities and Teton Westwood Balanced is 0.78 (i.e., Poor diversification). The correlation of Teton Convertible 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 Convertible Correlation With Market

Very poor diversification

The correlation between Teton Vertible Securities and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Vertible Securities 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 Vertible Securities. 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 metropolitan statistical area.

Moving together with Teton Mutual Fund

0.84	WBBIX	Teton Westwood Balanced	Pair Corr
0.82	WBCCX	Teton Westwood Balanced	Pair Corr
0.83	WEBAX	Teton Westwood Balanced	Pair Corr
0.89	WEEIX	Teton Westwood Equity	Pair Corr
1.0	WEICX	Teton Vertible Securities	Pair Corr
1.0	WEIAX	Teton Vertible Securities	Pair Corr
0.83	WEIMX	Teton Westwood Mighty	Pair Corr
0.83	WEMMX	Teton Westwood Mighty	Pair Corr
0.88	WEQCX	Teton Westwood Equity	Pair Corr
0.89	WESWX	Teton Westwood Equity	Pair Corr
0.9	WESCX	Teton Westwood Small	Pair Corr
1.0	WESIX	Teton Vertible Securities	Pair Corr
0.9	WWSAX	Teton Westwood Small	Pair Corr
0.9	WWSIX	Teton Westwood Small	Pair Corr
0.9	WWSCX	Teton Westwood Small	Pair Corr
0.82	WMMCX	Teton Westwood Mighty	Pair Corr
0.83	WMMAX	Teton Westwood Mighty	Pair Corr
0.98	FCSZX	Franklin Convertible	Pair Corr
0.98	FCSKX	Franklin Convertible	Pair Corr
0.98	FISCX	Franklin Convertible	Pair Corr
0.98	FROTX	Franklin Convertible	Pair Corr
0.99	ANZCX	Allianzgi Convertible	Pair Corr
0.99	ANZAX	Allianzgi Convertible	Pair Corr
0.99	ANNPX	Allianzgi Convertible	Pair Corr
0.99	VAADX	Virtus Convertible	Pair Corr
0.99	FCVSX	Fidelity Convertible	Pair Corr
0.85	MCSVX	Mainstay Convertible	Pair Corr
0.88	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.88	RYVLX	Nasdaq 100 2x	Pair Corr
0.88	RYVYX	Nasdaq 100 2x	Pair Corr
0.87	UOPIX	Ultra Nasdaq 100	Pair Corr
0.87	RYCCX	Nasdaq 100 2x	Pair Corr
0.87	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.97	INPIX	Internet Ultrasector	Pair Corr
0.97	INPSX	Internet Ultrasector	Pair Corr
0.82	FEMDX	Franklin Emerging Market	Pair Corr
0.95	SMERX	Invesco Small Cap	Pair Corr

Moving against Teton Mutual Fund

0.34

BIPIX

Biotechnology Ultrasector

Pair Corr

Related Correlations Analysis

	WBBIX	WBCCX	WEBCX	WEBAX	WEECX	WEEIX	WEIMX	WEMMX
WBBIX		1.0	1.0	1.0	0.96	0.96	0.91	0.91	WBBIX
WBCCX	1.0		1.0	1.0	0.96	0.96	0.92	0.91	WBCCX
WEBCX	1.0	1.0		1.0	0.97	0.96	0.91	0.91	WEBCX
WEBAX	1.0	1.0	1.0		0.96	0.96	0.91	0.91	WEBAX
WEECX	0.96	0.96	0.97	0.96		1.0	0.9	0.9	WEECX
WEEIX	0.96	0.96	0.96	0.96	1.0		0.9	0.9	WEEIX
WEIMX	0.91	0.92	0.91	0.91	0.9	0.9		1.0	WEIMX
WEMMX	0.91	0.91	0.91	0.91	0.9	0.9	1.0		WEMMX
	WBBIX	WBCCX	WEBCX	WEBAX	WEECX	WEEIX	WEIMX	WEMMX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WBBIX	0.35	(0.03)	(0.18)	0.07	0.33	(0.41)	0.75	(0.65)	2.40
WBCCX	0.37	(0.03)	(0.19)	0.07	0.35	(0.42)	0.82	(0.64)	2.34
WEBCX	0.36	(0.03)	(0.18)	0.07	0.32	(0.44)	0.83	(0.65)	2.37
WEBAX	0.36	(0.03)	(0.18)	0.07	0.34	(0.42)	0.84	(0.66)	2.39
WEECX	0.55	(0.03)	(0.09)	0.09	0.45	(0.66)	1.10	(0.91)	4.01
WEEIX	0.55	(0.03)	(0.09)	0.08	0.46	(0.67)	1.11	(0.91)	4.11
WEIMX	0.91	(0.06)	0.00	0.08	0.84	(1.13)	2.13	(1.70)	7.56
WEMMX	0.91	(0.06)	0.00	0.08	0.88	(1.10)	2.08	(1.70)	7.60

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