Westwood Short Correlations
| WHGHX Fund | USD 10.13 0.03 0.30% |
The correlation of Westwood Short 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.
Westwood Short Correlation With Market
Average diversification
The correlation between Westwood Short Duration and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Short Duration and DJI in the same portfolio, assuming nothing else is changed.
Westwood |
Moving together with Westwood Mutual Fund
| 0.66 | KSOCX | Kinetics Small Cap Steady Growth | PairCorr |
| 0.66 | KNPCX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.66 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.67 | KINAX | Kinetics Internet | PairCorr |
| 0.66 | KNPAX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.66 | KSCOX | Kinetics Small Cap Steady Growth | PairCorr |
| 0.67 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.67 | KINCX | Kinetics Internet | PairCorr |
| 0.8 | AMGIX | Income Growth | PairCorr |
Moving against Westwood Mutual Fund
| 0.48 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.46 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.37 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.31 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Westwood Mutual Fund performing well and Westwood Short 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 Westwood Short'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WHYUX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WSCIX | 1.05 | 0.11 | (0.01) | (1.49) | 1.31 | 2.12 | 5.32 | |||
| WSDAX | 0.21 | 0.00 | (0.31) | 0.12 | 0.15 | 0.40 | 1.08 | |||
| WSGCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WTOCX | 0.25 | 0.04 | (0.16) | (0.40) | 0.24 | 0.69 | 2.03 | |||
| WLVIX | 0.26 | 0.04 | (0.14) | (0.85) | 0.23 | 0.69 | 1.89 | |||
| WMLPX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WMNUX | 0.07 | 0.01 | (0.91) | 0.26 | 0.00 | 0.10 | 0.42 | |||
| WMNAX | 0.07 | 0.01 | (0.70) | 0.25 | 0.00 | 0.10 | 0.52 |