Westwood Quality Correlations

WHGCX Fund  USD 19.34  0.09  0.46%   
The current 90-days correlation between Westwood Quality Smallcap and Schwab Health Care is 0.36 (i.e., Weak diversification). The correlation of Westwood Quality 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.

Westwood Quality Correlation With Market

Good diversification

The correlation between Westwood Quality Smallcap and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Quality Smallcap 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 Westwood Quality Smallcap. 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 main economic indicators.

Moving together with Westwood Mutual Fund

  0.88WWLAX Westwood Largecap ValuePairCorr
  0.98WWMCX Ultimus Managers TrustPairCorr
  0.86WWSMX Westwood Quality SmidcapPairCorr
  0.97WWSYX Westwood Quality SmallcapPairCorr
  0.97WHGSX Westwood Smallcap ValuePairCorr
  1.0WHGAX Westwood Quality SmallcapPairCorr
  0.86WHGMX Westwood SmidcapPairCorr
  0.88WHGLX Westwood Largecap ValuePairCorr
  0.87WQAIX Westwood Quality AllcapPairCorr
  0.87WQAUX Westwood Quality AllcapPairCorr
  0.89VSMAX Vanguard Small CapPairCorr
  0.89VSCIX Vanguard Small CapPairCorr
  0.89VSCPX Vanguard Small CapPairCorr
  0.89NAESX Vanguard Small CapPairCorr
  0.93FSSNX Fidelity Small CapPairCorr
  0.92DFSTX Us Small CapPairCorr
  0.96PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr
  0.96TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr

Moving against Westwood Mutual Fund

  0.66WWACX Westwood AlternativePairCorr
  0.43WMNIX Westwood Market NeutralPairCorr
  0.42WMNUX Westwood Market NeutralPairCorr
  0.42WMNAX Westwood AlternativePairCorr
  0.32WWHCX Westwood High IncomePairCorr
  0.66FAUDX Strategic Advisers ShortPairCorr
  0.57ESFAX Ashmore Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Westwood Mutual Fund performing well and Westwood Quality 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 Westwood Quality'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.