Westwood Largecap Correlations

WHGLX Fund

USD 14.02 0.18 1.30%

The current 90-days correlation between Westwood Largecap Value and Knights Of Umbus is 0.4 (i.e., Very weak diversification). The correlation of Westwood Largecap 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 Largecap Correlation With Market

Very weak diversification

The correlation between Westwood Largecap Value and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Largecap Value 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 Largecap Value. 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 bureau of economic analysis.

Moving together with Westwood Mutual Fund

0.63	WSDAX	Westwood Short Duration	Pair Corr
0.63	WWICX	Westwood Income Oppo	Pair Corr
0.68	WWIAX	Westwood Income Oppo	Pair Corr
1.0	WWLAX	Westwood Largecap Value	Pair Corr
0.9	WWMCX	Ultimus Managers Trust	Pair Corr
0.84	WWSMX	Westwood Quality Smidcap	Pair Corr
0.92	WWSYX	Westwood Quality Smallcap	Pair Corr
0.92	WHGSX	Westwood Smallcap Value	Pair Corr
0.88	WHGCX	Westwood Quality Smallcap	Pair Corr
0.88	WHGAX	Westwood Quality Smallcap	Pair Corr
0.84	WHGMX	Westwood Smidcap	Pair Corr
0.68	WHGIX	Westwood Income Oppo	Pair Corr
0.61	WHGHX	Westwood Short Duration	Pair Corr
0.99	WQAIX	Westwood Quality Allcap	Pair Corr
0.99	WQAUX	Westwood Quality Allcap	Pair Corr
0.8	VVIAX	Vanguard Value Index	Pair Corr
0.65	DOXGX	Dodge Cox Stock	Pair Corr
0.87	AFMFX	American Mutual	Pair Corr
0.91	FFMMX	American Funds American	Pair Corr
0.91	FFFMX	American Funds American	Pair Corr
0.92	AMRMX	American Mutual	Pair Corr
0.88	AMFFX	American Mutual	Pair Corr
0.88	AMFCX	American Mutual	Pair Corr
0.92	DODGX	Dodge Stock Fund	Pair Corr
0.8	VIVAX	Vanguard Value Index	Pair Corr

Moving against Westwood Mutual Fund

0.38	WWACX	Westwood Alternative	Pair Corr
0.36	WWHCX	Westwood High Income	Pair Corr
0.47	PQTNX	Pimco Trends Managed	Pair Corr
0.47	PQTIX	Aa Pimco Tr	Pair Corr
0.46	PQTAX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	KCGSX	TRBCX	DOXGX	TAAKX	PLKTX	RETSX	GABFX
KCGSX		0.68	0.31	0.69	0.7	0.71	0.11	KCGSX
TRBCX	0.68		0.18	0.35	0.43	0.73	-0.11	TRBCX
DOXGX	0.31	0.18		0.42	0.79	0.6	0.49	DOXGX
TAAKX	0.69	0.35	0.42		0.81	0.73	0.65	TAAKX
PLKTX	0.7	0.43	0.79	0.81		0.85	0.66	PLKTX
RETSX	0.71	0.73	0.6	0.73	0.85		0.45	RETSX
GABFX	0.11	-0.11	0.49	0.65	0.66	0.45		GABFX
	KCGSX	TRBCX	DOXGX	TAAKX	PLKTX	RETSX	GABFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RETSX	+ 0.85	PLKTX
PLKTX	+ 0.81	TAAKX
PLKTX	+ 0.79	DOXGX
RETSX	+ 0.73	TRBCX
RETSX	+ 0.73	TAAKX
RETSX	+ 0.71	KCGSX

High negative correlations

GABFX

- 0.11

TRBCX

Risk-Adjusted Indicators

There is a big difference between Westwood Mutual Fund performing well and Westwood Largecap 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 Largecap'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
KCGSX	0.80	(0.02)	0.00	(0.05)	0.00	0.00	1.50	(2.28)	5.19
TRBCX	0.89	(0.04)	0.00	0.11	0.00	0.00	1.67	(2.44)	5.59
DOXGX	0.50	0.04	0.06	0.03	0.72	(0.49)	1.27	(1.04)	3.27
TAAKX	0.64	(0.05)	0.00	(0.11)	0.00	0.00	1.01	(1.56)	5.92
PLKTX	0.56	0.00	0.02	(0.02)	0.89	(0.50)	1.06	(1.34)	3.50
RETSX	0.58	(0.04)	0.00	0.26	0.00	0.00	0.99	(1.48)	3.57
GABFX	0.81	0.06	0.09	0.22	0.84	(0.96)	1.89	(1.36)	4.85

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