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.
Westwood |
Moving together with Westwood Mutual Fund
0.88 | WWLAX | Westwood Largecap Value | PairCorr |
0.98 | WWMCX | Ultimus Managers Trust | PairCorr |
0.86 | WWSMX | Westwood Quality Smidcap | PairCorr |
0.97 | WWSYX | Westwood Quality Smallcap | PairCorr |
0.97 | WHGSX | Westwood Smallcap Value | PairCorr |
1.0 | WHGAX | Westwood Quality Smallcap | PairCorr |
0.86 | WHGMX | Westwood Smidcap | PairCorr |
0.88 | WHGLX | Westwood Largecap Value | PairCorr |
0.87 | WQAIX | Westwood Quality Allcap | PairCorr |
0.87 | WQAUX | Westwood Quality Allcap | PairCorr |
0.89 | VSMAX | Vanguard Small Cap | PairCorr |
0.89 | VSCIX | Vanguard Small Cap | PairCorr |
0.89 | VSCPX | Vanguard Small Cap | PairCorr |
0.89 | NAESX | Vanguard Small Cap | PairCorr |
0.93 | FSSNX | Fidelity Small Cap | PairCorr |
0.92 | DFSTX | Us Small Cap | PairCorr |
0.96 | PASVX | T Rowe Price | PairCorr |
0.96 | PRVIX | T Rowe Price | PairCorr |
0.96 | TRZVX | T Rowe Price | PairCorr |
0.99 | PRSVX | T Rowe Price | PairCorr |
Moving against Westwood Mutual Fund
0.66 | WWACX | Westwood Alternative | PairCorr |
0.43 | WMNIX | Westwood Market Neutral | PairCorr |
0.42 | WMNUX | Westwood Market Neutral | PairCorr |
0.42 | WMNAX | Westwood Alternative | PairCorr |
0.32 | WWHCX | Westwood High Income | PairCorr |
0.66 | FAUDX | Strategic Advisers Short | PairCorr |
0.57 | ESFAX | Ashmore Emerging Markets | PairCorr |
Related Correlations Analysis
0.8 | 0.43 | 0.8 | 0.93 | 0.76 | 0.7 | SWHFX | ||
0.8 | 0.76 | 0.89 | 0.87 | 0.89 | 0.9 | LYFAX | ||
0.43 | 0.76 | 0.55 | 0.5 | 0.56 | 0.72 | XHQHX | ||
0.8 | 0.89 | 0.55 | 0.89 | 0.94 | 0.93 | BHSRX | ||
0.93 | 0.87 | 0.5 | 0.89 | 0.88 | 0.8 | PGHAX | ||
0.76 | 0.89 | 0.56 | 0.94 | 0.88 | 0.9 | ETHSX | ||
0.7 | 0.9 | 0.72 | 0.93 | 0.8 | 0.9 | HIAHX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SWHFX | 0.67 | (0.07) | 0.00 | 0.75 | 0.00 | 1.25 | 8.57 | |||
LYFAX | 0.58 | 0.00 | 0.03 | (0.03) | 0.73 | 1.12 | 2.95 | |||
XHQHX | 0.84 | (0.05) | 0.00 | 0.11 | 0.00 | 1.64 | 5.93 | |||
BHSRX | 0.66 | (0.02) | 0.00 | (0.06) | 0.00 | 1.32 | 6.19 | |||
PGHAX | 0.61 | 0.00 | 0.02 | (0.02) | 0.77 | 1.32 | 3.28 | |||
ETHSX | 0.65 | 0.00 | 0.00 | (0.03) | 0.00 | 1.24 | 5.86 | |||
HIAHX | 0.63 | 0.01 | 0.03 | 0.00 | 0.76 | 1.19 | 3.28 |