Westwood Short Correlations

Mutual Funds . USA . 
Fund . Westwood Short Duration
WSDAX Fund  USD 10.19  0.02  0.20%   
The current 90-days correlation between Westwood Short Duration and Enhanced Large Pany is 0.61 (i.e., Poor diversification). 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

Poor diversification

The correlation between Westwood Short Duration and DJI is 0.66 (i.e., Poor 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.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westwood Short Duration. 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 nation.

Moving together with Westwood Mutual Fund

  0.68WWACX Westwood AlternativePairCorr
  0.99WWHCX Westwood High IncomePairCorr
  0.95WWICX Westwood Income OppoPairCorr
  0.95WWIAX Westwood Income OppoPairCorr
  0.83WWLCX Westwood Quality ValuePairCorr
  0.83WWLAX Westwood Largecap ValuePairCorr
  0.73WWMCX Ultimus Managers TrustPairCorr
  0.84WWSMX Westwood Quality SmidcapPairCorr
  0.84WWSYX Westwood Quality SmallcapPairCorr
  0.84WHGSX Westwood Smallcap ValuePairCorr
  0.84WHGCX Westwood Quality SmallcapPairCorr
  0.84WHGAX Westwood Quality SmallcapPairCorr
  0.84WHGMX Westwood SmidcapPairCorr
  0.83WHGLX Westwood Largecap ValuePairCorr
  0.95WHGIX Westwood Income OppoPairCorr
  1.0WHGHX Westwood Short DurationPairCorr
  0.71WMNUX Westwood Market NeutralPairCorr
  0.69WMNAX Westwood AlternativePairCorr
  0.69WMNIX Westwood Market NeutralPairCorr
  0.75WQAIX Westwood Quality AllcapPairCorr
  0.75WQAUX Westwood Quality AllcapPairCorr

Moving against Westwood Mutual Fund

  0.56GAAGX Gmo Alternative AlloPairCorr
  0.55GAAKX Gmo Alternative AlloPairCorr

Related Correlations Analysis

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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.

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