Teton Westwood Correlations

WESWX Fund

USD 10.92 0.02 0.18%

The current 90-days correlation between Teton Westwood Equity and Teton Westwood Balanced is 0.97 (i.e., Almost no 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 Equity and DJI is 0.81 (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 Equity 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 Equity. 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 housing.

Moving together with Teton Mutual Fund

0.91	WBBIX	Teton Westwood Balanced	Pair Corr
0.91	WBCCX	Teton Westwood Balanced	Pair Corr
0.91	WEBCX	Teton Westwood Balanced	Pair Corr
0.99	WEBAX	Teton Westwood Balanced	Pair Corr
0.9	WEECX	Teton Westwood Equity	Pair Corr
0.9	WEEIX	Teton Westwood Equity	Pair Corr
0.73	WEICX	Teton Vertible Securities	Pair Corr
0.74	WEIAX	Teton Vertible Securities	Pair Corr
0.72	WEIMX	Teton Westwood Mighty	Pair Corr
0.71	WEMMX	Teton Westwood Mighty	Pair Corr
0.9	WEQCX	Teton Westwood Equity	Pair Corr
0.73	WESRX	Teton Vertible Securities	Pair Corr
0.74	WESIX	Teton Vertible Securities	Pair Corr
0.71	WMMCX	Teton Westwood Mighty	Pair Corr
0.75	WMMAX	Teton Westwood Mighty	Pair Corr
0.9	VVIAX	Vanguard Value Index	Pair Corr
0.81	DOXGX	Dodge Cox Stock	Pair Corr
0.85	AFMFX	American Mutual	Pair Corr
0.85	FFMMX	American Funds American	Pair Corr
0.85	FFFMX	American Funds American	Pair Corr
0.85	AMRMX	American Mutual	Pair Corr
0.85	AMFFX	American Mutual	Pair Corr
0.84	AMFCX	American Mutual	Pair Corr
0.81	DODGX	Dodge Stock Fund	Pair Corr
0.9	VIVAX	Vanguard Value Index	Pair Corr

Moving against Teton Mutual Fund

0.49	GAAGX	Gmo Alternative Allo	Pair Corr
0.45	GAAKX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	WEBAX	WESCX	GABAX	WEMMX	GABSX
WEBAX		0.51	0.38	0.66	0.79	WEBAX
WESCX	0.51		0.24	0.92	0.64	WESCX
GABAX	0.38	0.24		0.44	0.33	GABAX
WEMMX	0.66	0.92	0.44		0.7	WEMMX
GABSX	0.79	0.64	0.33	0.7		GABSX
	WEBAX	WESCX	GABAX	WEMMX	GABSX

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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
WEBAX	0.44	(0.01)	(0.09)	0.88	(0.98)	2.19
WESCX	0.87	(0.14)	1.84	1.64	(1.85)	4.42
GABAX	0.85	(0.21)	54.20	1.25	(1.60)	14.20
WEMMX	0.87	(0.08)	1.27	1.40	(1.86)	4.20
GABSX	0.84	(0.10)	(0.18)	1.47	(1.96)	3.88

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