Westwood Market Correlations

Mutual Funds USA . 
Fund . Westwood Market Neutral
WMNIX Fund  USD 9.72  0.01  0.10%   
The current 90-days correlation between Westwood Market Neutral and Forum Real Estate is 0.1 (i.e., Average diversification). The correlation of Westwood Market 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.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westwood Market Neutral. 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 Westwood Mutual Fund

  0.95CVSCX Calamos Market NeutralPairCorr
  0.95CVSIX Calamos Market NeutralPairCorr
  0.94CVSOX Calamos Market NeutralPairCorr
  0.95CMNIX Calamos Market NeutralPairCorr
  0.94ARBIX Absolute ConvertiblePairCorr
  0.67ARBOX Absolute ConvertiblePairCorr
  0.94PSCIX Palmer Square SsiPairCorr
  0.73KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.68KSCYX Kinetics Small Cap Steady GrowthPairCorr
  0.74WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.74KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.74KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.77KSOCX Kinetics Small Cap Steady GrowthPairCorr
  0.7KINCX Kinetics InternetPairCorr
  0.77KSCOX Kinetics Small Cap Steady GrowthPairCorr
  0.75LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.84AMGIX Income GrowthPairCorr
  0.77LIGYX Loomis Sayles InternPairCorr
  0.73CSCO Cisco Systems Aggressive PushPairCorr
  0.79AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.72CVX Chevron Corp Sell-off TrendPairCorr
  0.68HPQ HP IncPairCorr
  0.67INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.67XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.77CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Moving against Westwood Mutual Fund

  0.61MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.55KO Coca Cola Sell-off TrendPairCorr
  0.45PFE Pfizer Inc Aggressive PushPairCorr
  0.39BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.36PG Procter GamblePairCorr

Related Correlations Analysis

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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   
TIREX
+ 0.97
MXREX
CREYX
+ 0.96
MXREX
MRESX
+ 0.96
TIREX
MRESX
+ 0.94
MXREX
CREYX
+ 0.9
TIREX
MRESX
+ 0.9
CREYX
  
High negative correlations   
MRESX
- 0.02
FORFX
TIREX
- 0.0
FORFX

Risk-Adjusted Indicators

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