Westwood Smidcap Correlations

WHGMX Fund

USD 15.56 0.37 2.44%

The current 90-days correlation between Westwood Smidcap and Federated Municipal Ultrashort is 0.03 (i.e., Significant diversification). The correlation of Westwood Smidcap 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 Smidcap Correlation With Market

Good diversification

The correlation between Westwood Smidcap Fund and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Smidcap Fund 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 Smidcap Fund. 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 population.

Moving together with Westwood Mutual Fund

0.74	WWLAX	Westwood Largecap Value	Pair Corr
0.85	WWMCX	Ultimus Managers Trust	Pair Corr
0.85	WWSMX	Westwood Quality Smidcap	Pair Corr
0.83	WWSYX	Westwood Quality Smallcap	Pair Corr
0.97	WHGSX	Westwood Smallcap Value	Pair Corr
0.97	WHGCX	Westwood Quality Smallcap	Pair Corr
0.97	WHGAX	Westwood Quality Smallcap	Pair Corr
0.75	WHGLX	Westwood Largecap Value	Pair Corr
0.81	WQAIX	Westwood Quality Allcap	Pair Corr
0.83	WQAUX	Westwood Quality Allcap	Pair Corr
0.84	VSMAX	Vanguard Small Cap	Pair Corr
0.8	VSCIX	Vanguard Small Cap	Pair Corr
0.84	VSCPX	Vanguard Small Cap	Pair Corr
0.84	NAESX	Vanguard Small Cap	Pair Corr
0.78	FSSNX	Fidelity Small Cap	Pair Corr
0.83	DFSTX	Us Small Cap	Pair Corr
0.84	PASVX	T Rowe Price	Pair Corr
0.84	PRVIX	T Rowe Price	Pair Corr
0.84	TRZVX	T Rowe Price	Pair Corr
0.79	PRSVX	T Rowe Price	Pair Corr

Moving against Westwood Mutual Fund

0.46	WMNIX	Westwood Market Neutral	Pair Corr
0.38	WMNAX	Westwood Alternative	Pair Corr
0.39	INTIX	Voya International Index	Pair Corr
0.38	AEDVX	Emerging Markets Debt	Pair Corr

Related Correlations Analysis

	FMUUX	WACIX	TTRBX	ANBIX	CSBCX	SGYAX	GANPX
FMUUX		0.63	0.75	0.62	0.74	0.68	0.98	FMUUX
WACIX	0.63		0.91	0.99	0.91	0.7	0.68	WACIX
TTRBX	0.75	0.91		0.9	0.99	0.83	0.77	TTRBX
ANBIX	0.62	0.99	0.9		0.9	0.68	0.65	ANBIX
CSBCX	0.74	0.91	0.99	0.9		0.79	0.76	CSBCX
SGYAX	0.68	0.7	0.83	0.68	0.79		0.73	SGYAX
GANPX	0.98	0.68	0.77	0.65	0.76	0.73		GANPX
	FMUUX	WACIX	TTRBX	ANBIX	CSBCX	SGYAX	GANPX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Westwood Mutual Fund performing well and Westwood Smidcap 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 Smidcap'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
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40
WACIX	0.24	0.05	0.28	0.65	0.07	(0.31)	0.55	(0.33)	1.56
TTRBX	0.15	0.02	0.31	0.73	0.00	(0.20)	0.40	(0.30)	0.82
ANBIX	0.15	0.04	0.39	1.62	0.00	(0.21)	0.39	(0.29)	0.98
CSBCX	0.22	0.03	0.25	0.63	0.13	(0.26)	0.49	(0.41)	1.42
SGYAX	0.16	0.03	0.26	(17.59)	0.00	(0.26)	0.56	(0.28)	1.57
GANPX	0.06	0.00	0.23	(0.02)	0.00	(0.12)	0.10	(0.10)	0.48

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