Teton Westwood Correlations

Mutual Funds . USA . 
Fund . Teton Westwood Balanced
WEBAX Fund  USD 10.33  0.10  0.98%   
The current 90-days correlation between Teton Westwood Balanced and Teton Westwood Equity is -0.09 (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 Balanced 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 Balanced 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 Balanced. 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 Teton Mutual Fund

  0.9WBBIX Teton Westwood BalancedPairCorr
  1.0WBCCX Teton Westwood BalancedPairCorr
  0.9WEBCX Teton Westwood BalancedPairCorr
  0.9WEECX Teton Westwood EquityPairCorr
  0.89WEEIX Teton Westwood EquityPairCorr
  0.66WEICX Teton Vertible SecuritiesPairCorr
  0.66WEIAX Teton Vertible SecuritiesPairCorr
  0.69WEIMX Teton Westwood MightyPairCorr
  0.68WEMMX Teton Westwood MightyPairCorr
  0.9WESWX Teton Westwood EquityPairCorr
  0.66WESRX Teton Vertible SecuritiesPairCorr
  0.82WESCX Teton Westwood SmallPairCorr
  0.66WESIX Teton Vertible SecuritiesPairCorr
  0.68WWSIX Teton Westwood SmallPairCorr
  0.67WWSCX Teton Westwood SmallPairCorr
  0.69WMMCX Teton Westwood MightyPairCorr
  0.68WMMAX Teton Westwood MightyPairCorr
  0.74FBONX American Funds AmericanPairCorr
  0.74FBAFX American Funds AmericanPairCorr
  0.74ABALX American BalancedPairCorr
  0.74BALCX American BalancedPairCorr
  0.74RLBCX American BalancedPairCorr
  0.74RLBBX American BalancedPairCorr
  0.74CLBAX American BalancedPairCorr
  0.74CLBEX American BalancedPairCorr
  0.73RLBFX American BalancedPairCorr

Related Correlations Analysis

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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.

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