Westwood Income Correlations

Mutual Funds . USA . 
Fund . Westwood Income Opportunity
WWICX Fund  USD 12.25  0.09  0.74%   
The current 90-days correlation between Westwood Income Oppo and Berwyn Income Fund is 0.72 (i.e., Poor diversification). The correlation of Westwood Income 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 Income Correlation With Market

Average diversification

The correlation between Westwood Income Opportunity and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Income Opportunity 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 Income Opportunity. 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 Westwood Mutual Fund

  0.89WSDAX Westwood Short DurationPairCorr
  0.89WWHCX Westwood High IncomePairCorr
  1.0WWIAX Westwood Income OppoPairCorr
  0.91WWSMX Westwood Quality SmidcapPairCorr
  0.69WWSYX Westwood Quality SmallcapPairCorr
  0.69WHGSX Westwood Smallcap ValuePairCorr
  0.68WHGCX Westwood Quality SmallcapPairCorr
  0.69WHGAX Westwood Quality SmallcapPairCorr
  0.91WHGMX Westwood SmidcapPairCorr
  1.0WHGIX Westwood Income OppoPairCorr
  0.96WHGHX Westwood Short DurationPairCorr
  0.66WQAIX Westwood Quality AllcapPairCorr
  0.67WQAUX Westwood Quality AllcapPairCorr
  0.89VWINX Vanguard Wellesley IncomePairCorr
  0.63VWIAX Vanguard Wellesley IncomePairCorr
  0.86BKMIX Blackrock Multi AssetPairCorr
  0.66KNPAX Kinetics ParadigmPairCorr
  0.67KSOCX Kinetics Small CapPairCorr
  0.65KMKCX Kinetics Market OppoPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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