Teton Westwood Correlations
| WEBAX Fund | USD 10.01 0.02 0.20% |
The current 90-days correlation between Teton Westwood Balanced and Teton Westwood Equity 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
Very poor diversification
The correlation between Teton Westwood Balanced and DJI is 0.83 (i.e., Very poor 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.
Teton |
Moving together with Teton Mutual Fund
| 1.0 | WBBIX | Teton Westwood Balanced | PairCorr |
| 1.0 | WBCCX | Teton Westwood Balanced | PairCorr |
| 0.93 | WEBCX | Teton Westwood Balanced | PairCorr |
| 0.99 | WEECX | Teton Westwood Equity | PairCorr |
| 0.92 | WEEIX | Teton Westwood Equity | PairCorr |
| 0.82 | WEICX | Teton Vertible Securities | PairCorr |
| 0.83 | WEIAX | Teton Vertible Securities | PairCorr |
| 0.82 | WEIMX | Teton Westwood Mighty | PairCorr |
| 0.71 | WEMMX | Teton Westwood Mighty | PairCorr |
| 0.92 | WEQCX | Teton Westwood Equity | PairCorr |
| 0.92 | WESWX | Teton Westwood Equity | PairCorr |
| 0.83 | WESRX | Teton Vertible Securities | PairCorr |
| 0.65 | WESCX | Teton Westwood Small | PairCorr |
| 0.83 | WESIX | Teton Vertible Securities | PairCorr |
| 0.65 | WWSAX | Teton Westwood Small | PairCorr |
| 0.65 | WWSIX | Teton Westwood Small | PairCorr |
| 0.64 | WWSCX | Teton Westwood Small | PairCorr |
| 0.81 | WMMCX | Teton Westwood Mighty | PairCorr |
| 0.71 | WMMAX | Teton Westwood Mighty | PairCorr |
| 0.89 | FBONX | American Funds American | PairCorr |
| 0.88 | FBAFX | American Funds American | PairCorr |
| 0.89 | ABALX | American Balanced | PairCorr |
| 0.89 | BALCX | American Balanced | PairCorr |
| 0.89 | BALFX | American Balanced | PairCorr |
| 0.89 | RLBCX | American Balanced | PairCorr |
| 0.89 | RLBBX | American Balanced | PairCorr |
| 0.89 | CLBAX | American Balanced | PairCorr |
| 0.89 | CLBEX | American Balanced | PairCorr |
| 0.97 | RLBFX | American Balanced | PairCorr |
Related Correlations Analysis
| 0.9 | 0.82 | 0.68 | 0.83 | WESWX | ||
| 0.9 | 0.82 | 0.66 | 0.67 | PAXWX | ||
| 0.82 | 0.82 | 0.88 | 0.5 | VALIX | ||
| 0.68 | 0.66 | 0.88 | 0.29 | WESCX | ||
| 0.83 | 0.67 | 0.5 | 0.29 | GABEX | ||
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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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WESWX | 0.62 | (0.02) | 0.00 | (7.07) | 0.00 | 1.15 | 2.88 | |||
| PAXWX | 0.49 | (0.06) | 0.00 | (19.82) | 0.00 | 0.85 | 2.52 | |||
| VALIX | 0.81 | (0.07) | 0.00 | (0.14) | 0.00 | 1.49 | 5.20 | |||
| WESCX | 0.87 | (0.12) | 0.00 | (0.18) | 0.00 | 1.64 | 4.42 | |||
| GABEX | 0.61 | 0.03 | 0.08 | 0.59 | 0.70 | 1.16 | 3.31 |