Teton Westwood Correlations

WWSCX Fund

USD 15.56 0.22 1.43%

The current 90-days correlation between Teton Westwood Small and Teton Westwood Balanced is -0.06 (i.e., Good diversification). The correlation of Teton Westwood 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 Westwood Correlation With Market

Good diversification

The correlation between Teton Westwood Small and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood Small 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 Westwood Small. 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 Teton Mutual Fund

0.68	WBBIX	Teton Westwood Balanced	Pair Corr
0.69	WBCCX	Teton Westwood Balanced	Pair Corr
0.68	WEBCX	Teton Westwood Balanced	Pair Corr
0.67	WEBAX	Teton Westwood Balanced	Pair Corr
0.71	WEECX	Teton Westwood Equity	Pair Corr
0.71	WEEIX	Teton Westwood Equity	Pair Corr
0.89	WEICX	Teton Vertible Securities	Pair Corr
0.88	WEIAX	Teton Vertible Securities	Pair Corr
0.94	WEIMX	Teton Westwood Mighty	Pair Corr
0.89	WEMMX	Teton Westwood Mighty	Pair Corr
0.73	WEQCX	Teton Westwood Equity	Pair Corr
0.72	WESWX	Teton Westwood Equity	Pair Corr
0.88	WESRX	Teton Vertible Securities	Pair Corr
1.0	WESCX	Teton Westwood Small	Pair Corr
0.9	WESIX	Teton Vertible Securities	Pair Corr
0.95	WWSAX	Teton Westwood Small	Pair Corr
0.94	WWSIX	Teton Westwood Small	Pair Corr
0.95	WMMCX	Teton Westwood Mighty	Pair Corr
0.89	WMMAX	Teton Westwood Mighty	Pair Corr
0.98	VSMAX	Vanguard Small Cap	Pair Corr
0.98	VSCIX	Vanguard Small Cap	Pair Corr
0.98	VSCPX	Vanguard Small Cap	Pair Corr
0.94	NAESX	Vanguard Small Cap	Pair Corr
0.99	FSSNX	Fidelity Small Cap	Pair Corr
0.95	DFSTX	Us Small Cap	Pair Corr
0.93	PASVX	T Rowe Price	Pair Corr
0.97	PRVIX	T Rowe Price	Pair Corr
0.92	TRZVX	T Rowe Price	Pair Corr
0.97	PRSVX	T Rowe Price	Pair Corr
0.87	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Teton Mutual Fund

0.83	FLDZX	Franklin Low Duration	Pair Corr
0.8	VBTLX	Vanguard Total Bond	Pair Corr
0.79	GCGGX	Deutsche Gnma	Pair Corr
0.76	MIAKX	Mfs Inflation Adjusted	Pair Corr
0.69	EGRAX	Eaton Vance Global	Pair Corr
0.66	TEOOX	Transamerica Emerging	Pair Corr
0.58	TTEEX	T Rowe Price	Pair Corr
0.54	TREMX	T Rowe Price	Pair Corr

Related Correlations Analysis

	WBBIX	WBCCX	WMMCX	WMMAX	WEBCX	WEBAX	WEECX	WEEIX	WEICX
WBBIX		0.93	0.79	0.83	1.0	0.93	0.93	0.99	0.84	WBBIX
WBCCX	0.93		0.83	0.73	0.93	1.0	0.99	0.92	0.75	WBCCX
WMMCX	0.79	0.83		0.91	0.8	0.81	0.83	0.81	0.9	WMMCX
WMMAX	0.83	0.73	0.91		0.83	0.71	0.74	0.85	0.95	WMMAX
WEBCX	1.0	0.93	0.8	0.83		0.93	0.93	0.99	0.84	WEBCX
WEBAX	0.93	1.0	0.81	0.71	0.93		0.99	0.92	0.73	WEBAX
WEECX	0.93	0.99	0.83	0.74	0.93	0.99		0.93	0.76	WEECX
WEEIX	0.99	0.92	0.81	0.85	0.99	0.92	0.93		0.85	WEEIX
WEICX	0.84	0.75	0.9	0.95	0.84	0.73	0.76	0.85		WEICX
	WBBIX	WBCCX	WMMCX	WMMAX	WEBCX	WEBAX	WEECX	WEEIX	WEICX

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Risk-Adjusted Indicators

There is a big difference between Teton Mutual Fund performing well and Teton Westwood 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 Westwood'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
WBBIX	0.44	0.01	(0.08)	0.89	(0.99)	2.19
WBCCX	0.41	(0.03)	0.27	0.86	(0.95)	2.25
WMMCX	0.88	(0.12)	0.58	1.44	(2.03)	4.15
WMMAX	0.96	(0.06)	(0.15)	1.46	(2.31)	4.19
WEBCX	0.44	0.01	(0.08)	0.88	(1.07)	2.28
WEBAX	0.42	(0.03)	0.23	0.89	(0.98)	2.20
WEECX	0.60	(0.04)	0.27	1.24	(1.43)	2.88
WEEIX	0.65	0.01	(0.08)	1.16	(1.51)	2.89
WEICX	0.68	(0.03)	(0.14)	1.39	(1.47)	3.46

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