Westwood Quality Correlations

WWSYX Fund

USD 19.42 0.20 1.02%

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

Poor diversification

The correlation between Westwood Quality Smallcap and DJI is 0.68 (i.e., Poor 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 manufacturing.

Moving together with Westwood Mutual Fund

0.69	WWLAX	Westwood Largecap Value	Pair Corr
0.91	WWMCX	Ultimus Managers Trust	Pair Corr
0.98	WWSMX	Westwood Quality Smidcap	Pair Corr
1.0	WHGSX	Westwood Smallcap Value	Pair Corr
1.0	WHGCX	Westwood Quality Smallcap	Pair Corr
1.0	WHGAX	Westwood Quality Smallcap	Pair Corr
0.98	WHGMX	Westwood Smidcap	Pair Corr
0.69	WHGLX	Westwood Largecap Value	Pair Corr
0.69	WQAIX	Westwood Quality Allcap	Pair Corr
0.76	WQAUX	Westwood Quality Allcap	Pair Corr
0.92	VSMAX	Vanguard Small Cap	Pair Corr
0.98	VSCIX	Vanguard Small Cap	Pair Corr
0.98	VSCPX	Vanguard Small Cap	Pair Corr
0.98	NAESX	Vanguard Small Cap	Pair Corr
0.92	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.97	PASVX	T Rowe Price	Pair Corr
0.97	PRVIX	T Rowe Price	Pair Corr
0.97	TRZVX	T Rowe Price	Pair Corr
0.9	PRSVX	T Rowe Price	Pair Corr

Moving against Westwood Mutual Fund

0.58	WMNUX	Westwood Market Neutral	Pair Corr
0.56	WMNAX	Westwood Alternative	Pair Corr
0.55	WMNIX	Westwood Market Neutral	Pair Corr
0.55	AEDVX	Emerging Markets Debt	Pair Corr
0.55	INTIX	Voya International Index	Pair Corr
0.44	PFN	Pimco Income Strategy	Pair Corr
0.44	PEAPX	International Emerging	Pair Corr
0.4	FAGHX	Faghx	Pair Corr

Related Correlations Analysis

	FTIXX	VFAIX	MSVIX	MCBXX	DVFYX	FIDAX	XFINX	GCFSX
FTIXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FTIXX
VFAIX	0.0		0.63	0.0	0.87	0.8	0.63	0.59	VFAIX
MSVIX	0.0	0.63		0.0	0.33	0.82	0.37	-0.09	MSVIX
MCBXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MCBXX
DVFYX	0.0	0.87	0.33	0.0		0.61	0.62	0.86	DVFYX
FIDAX	0.0	0.8	0.82	0.0	0.61		0.51	0.28	FIDAX
XFINX	0.0	0.63	0.37	0.0	0.62	0.51		0.49	XFINX
GCFSX	0.0	0.59	-0.09	0.0	0.86	0.28	0.49		GCFSX
	FTIXX	VFAIX	MSVIX	MCBXX	DVFYX	FIDAX	XFINX	GCFSX

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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

DVFYX	+ 0.87	VFAIX
GCFSX	+ 0.86	DVFYX
FIDAX	+ 0.82	MSVIX
FIDAX	+ 0.8	VFAIX
MSVIX	+ 0.63	VFAIX
XFINX	+ 0.63	VFAIX

High negative correlations

GCFSX	- 0.09	MSVIX
GCFSX	- 0.0	MCBXX
XFINX	- 0.0	MCBXX
FIDAX	- 0.0	MCBXX
DVFYX	- 0.0	MCBXX
MCBXX	- 0.0	MSVIX

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
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VFAIX	0.85	0.01	0.01	0.01	1.27	(0.84)	1.99	(2.51)	6.10
MSVIX	0.98	(0.21)	0.00	(0.19)	0.00	0.00	1.60	(2.19)	10.85
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.85	0.03	0.02	(0.33)	1.27	(0.82)	1.65	(2.39)	6.47
FIDAX	0.99	(0.13)	0.00	(0.12)	0.00	0.00	2.02	(3.26)	7.13
XFINX	0.15	(0.01)	(0.03)	0.28	0.25	(0.18)	0.29	(0.64)	1.27
GCFSX	0.76	0.06	0.05	(0.50)	1.00	(0.79)	1.80	(2.41)	4.68

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