Old Westbury Correlations

OWLSX Fund

USD 21.33 0.07 0.33%

The current 90-days correlation between Old Westbury Large and The Hartford Small is 0.03 (i.e., Significant diversification). The correlation of Old Westbury 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.

Old Westbury Correlation With Market

Good diversification

The correlation between Old Westbury Large and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Old Westbury Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Westbury Large. 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 state.

Moving together with Old Mutual Fund

0.96	OWACX	Old Westbury All	Pair Corr
0.87	OWSMX	Old Westbury Small	Pair Corr
0.93	FNFPX	American Funds New	Pair Corr
0.84	FFPNX	American Funds New	Pair Corr
0.83	NPFCX	New Perspective	Pair Corr
0.84	ANWPX	New Perspective	Pair Corr
0.84	NPFFX	New Perspective	Pair Corr
0.84	CNPAX	New Perspective	Pair Corr
0.83	CNPEX	New Perspective	Pair Corr
0.84	CNPFX	New Perspective	Pair Corr
0.83	CNPCX	New Perspective	Pair Corr
0.83	RNPAX	New Perspective	Pair Corr
0.79	GLRBX	James Balanced Golden	Pair Corr
0.93	MIEYX	Mm Sp 500	Pair Corr
0.86	MMBDX	Massmutual Premier	Pair Corr
0.78	JHYFX	Janus High Yield	Pair Corr
0.9	RSGGX	Victory Rs Global	Pair Corr
0.93	FMCMX	American Funds Amcap	Pair Corr
0.92	SPXUX	Wisdomtree Digital Trust	Pair Corr
0.77	RYBKX	Banking Fund Class	Pair Corr
0.7	PHYZX	Prudential High Yield	Pair Corr

Moving against Old Mutual Fund

0.69	OWFIX	Old Westbury Fixed	Pair Corr
0.62	OWCIX	Old Westbury Credit	Pair Corr
0.47	OWMBX	Old Westbury Municipal	Pair Corr
0.45	OWNYX	Old Westbury New	Pair Corr
0.42	GAAKX	Gmo Alternative Allo	Pair Corr
0.41	OWCAX	Old Westbury California	Pair Corr
0.67	GPBFX	Gmo E Plus	Pair Corr
0.51	GPMFX	Guidepath Managed Futures	Pair Corr
0.45	PQTIX	Aa Pimco Tr	Pair Corr
0.44	PQTAX	Pimco Trends Managed	Pair Corr
0.44	PQTNX	Pimco Trends Managed	Pair Corr
0.43	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	HSCYX	GMAWX	RTOUX	VSTCX	QUAKX	QUAIX	SCYVX
HSCYX		0.89	0.93	0.99	0.98	0.92	0.89	HSCYX
GMAWX	0.89		0.97	0.88	0.89	0.96	0.91	GMAWX
RTOUX	0.93	0.97		0.94	0.91	0.96	0.98	RTOUX
VSTCX	0.99	0.88	0.94		0.96	0.93	0.92	VSTCX
QUAKX	0.98	0.89	0.91	0.96		0.95	0.84	QUAKX
QUAIX	0.92	0.96	0.96	0.93	0.95		0.89	QUAIX
SCYVX	0.89	0.91	0.98	0.92	0.84	0.89		SCYVX
	HSCYX	GMAWX	RTOUX	VSTCX	QUAKX	QUAIX	SCYVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Old Mutual Fund performing well and Old Westbury 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 Old Westbury'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
HSCYX	0.88	(0.03)	0.01	0.09	0.97	(0.95)	1.77	(1.57)	6.60
GMAWX	0.80	0.06	(0.03)	0.47	0.90	(0.87)	1.76	(1.58)	6.60
RTOUX	0.81	0.10	0.00	0.75	0.84	(0.88)	1.78	(1.45)	6.26
VSTCX	0.86	0.00	0.05	0.11	0.84	(0.95)	1.81	(1.52)	6.89
QUAKX	0.94	0.02	0.05	0.13	1.03	(0.97)	1.92	(2.15)	6.77
QUAIX	0.93	0.16	0.06	0.84	1.02	(1.00)	1.92	(2.14)	6.76
SCYVX	0.93	0.09	(0.01)	0.92	0.98	(1.04)	1.95	(1.46)	7.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC