Weitz Ultra Correlations
SAFEX Fund | USD 9.99 0.00 0.00% |
The correlation of Weitz Ultra 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.
Weitz Ultra Correlation With Market
Good diversification
The correlation between Weitz Ultra Short and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weitz Ultra Short and DJI in the same portfolio, assuming nothing else is changed.
Weitz |
Moving together with Weitz Mutual Fund
0.96 | WSHNX | Short Duration Income | PairCorr |
0.92 | WEFIX | Short Duration Income | PairCorr |
0.99 | PTSPX | Pimco Short Term | PairCorr |
0.99 | PTSHX | Short Term Fund | PairCorr |
0.99 | PSFAX | Short Term Fund | PairCorr |
0.99 | PTSRX | Short Term Fund | PairCorr |
0.99 | PSDNX | Putnam Ultra Short | PairCorr |
0.99 | LUSNX | Lord Abbett Ultra | PairCorr |
0.95 | VUBFX | Vanguard Ultra-short-term | PairCorr |
0.99 | PSDRX | Putnam Short Duration | PairCorr |
0.96 | PSDYX | Putnam Short Duration | PairCorr |
0.67 | BXECX | Barings Emerging Markets | PairCorr |
0.71 | BXEIX | Barings Emerging Markets | PairCorr |
0.69 | BXEAX | Barings Emerging Markets | PairCorr |
0.91 | PFN | Pimco Income Strategy | PairCorr |
0.73 | HNCAX | Hartford Interna | PairCorr |
0.78 | JHYAX | Janus High Yield | PairCorr |
Moving against Weitz Mutual Fund
0.55 | WVALX | Value Fund Value | PairCorr |
0.54 | WVAIX | Value Fund Value | PairCorr |
0.53 | WPVLX | Partners Value | PairCorr |
0.52 | WPVIX | Partners Value | PairCorr |
0.51 | WBALX | Balanced Fund Balanced | PairCorr |
0.51 | WBAIX | Weitz Balanced | PairCorr |
0.5 | WPOIX | Partners Iii Opportunity | PairCorr |
0.47 | WPOPX | Partners Iii Opportunity | PairCorr |
Related Correlations Analysis
0.53 | 0.78 | 0.95 | 0.87 | 0.86 | 0.87 | ETHSX | ||
0.53 | 0.79 | 0.56 | 0.4 | 0.57 | 0.75 | HHCZX | ||
0.78 | 0.79 | 0.82 | 0.67 | 0.86 | 0.95 | RAGHX | ||
0.95 | 0.56 | 0.82 | 0.88 | 0.88 | 0.9 | SHSSX | ||
0.87 | 0.4 | 0.67 | 0.88 | 0.75 | 0.72 | LOGSX | ||
0.86 | 0.57 | 0.86 | 0.88 | 0.75 | 0.91 | LYFAX | ||
0.87 | 0.75 | 0.95 | 0.9 | 0.72 | 0.91 | SCHLX | ||
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Risk-Adjusted Indicators
There is a big difference between Weitz Mutual Fund performing well and Weitz Ultra 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 Weitz Ultra'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ETHSX | 0.63 | 0.00 | 0.00 | (0.01) | 1.14 | 1.24 | 6.02 | |||
HHCZX | 0.14 | (0.01) | 0.00 | (0.11) | 0.00 | 0.30 | 0.91 | |||
RAGHX | 0.65 | 0.04 | 0.04 | 0.08 | 0.76 | 1.23 | 3.32 | |||
SHSSX | 0.65 | 0.00 | 0.00 | (0.01) | 1.13 | 1.21 | 6.17 | |||
LOGSX | 0.62 | (0.03) | 0.00 | (0.06) | 0.00 | 1.17 | 4.09 | |||
LYFAX | 0.61 | (0.01) | 0.00 | 0.21 | 0.83 | 1.12 | 2.95 | |||
SCHLX | 0.60 | 0.04 | 0.06 | 0.09 | 0.65 | 1.27 | 3.10 |