Teton Westwood Correlations

WESCX Fund

USD 25.24 0.16 0.64%

The current 90-days correlation between Teton Westwood Small and Buffalo Emerging Opportunities is 0.63 (i.e., Poor diversification). The correlation of Teton Westwood 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.

Teton Westwood Correlation With Market

Poor diversification

The correlation between Teton Westwood Small and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood Small 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 Teton Westwood Small. 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 private.

Moving together with Teton Mutual Fund

0.83	SRIGX	Gabelli Esg Fund	Pair Corr
0.76	GCFSX	Gabelli Global Financial	Pair Corr
0.81	GCIEX	Gabelli Equity	Pair Corr
0.92	EMACX	Enterprise Mergers And	Pair Corr
0.87	EMAAX	Enterprise Mergers And	Pair Corr
0.93	EMAYX	Enterprise Mergers And	Pair Corr
0.7	GVCAX	Gabelli Value	Pair Corr
0.8	GVCCX	Gabelli Value	Pair Corr
0.82	GVCIX	Gabelli Val	Pair Corr
0.85	GFSIX	Gabelli Global Financial	Pair Corr
0.77	GGFSX	Gabelli Global Financial	Pair Corr
0.96	WWSAX	Teton Westwood Small	Pair Corr
0.96	WWSIX	Teton Westwood Small	Pair Corr
0.87	EAAAX	Enterprise Mergers And	Pair Corr
0.67	GLDAX	Gabelli Gold Steady Growth	Pair Corr
0.72	GLDCX	Gabelli Gold Steady Growth	Pair Corr
0.72	GLDIX	Gabelli Gold Steady Growth	Pair Corr
0.78	DRCVX	Comstock Capital Value	Pair Corr

Related Correlations Analysis

	BUFOX	BFINX	SIBAX	EEA	HSUTX	SEGPX	TEBRX	SEUPX	PLBBX	MMEYX
BUFOX		0.78	-0.34	0.71	0.78	0.0	-0.15	0.0	0.34	0.11	BUFOX
BFINX	0.78		-0.43	0.48	0.95	0.0	-0.34	0.0	0.07	0.31	BFINX
SIBAX	-0.34	-0.43		-0.06	-0.42	0.0	0.87	0.0	0.66	0.39	SIBAX
EEA	0.71	0.48	-0.06		0.45	0.0	0.12	0.0	0.36	0.03	EEA
HSUTX	0.78	0.95	-0.42	0.45		0.0	-0.33	0.0	0.07	0.32	HSUTX
SEGPX	0.0	0.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	SEGPX
TEBRX	-0.15	-0.34	0.87	0.12	-0.33	0.0		0.0	0.8	0.52	TEBRX
SEUPX	0.0	0.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	SEUPX
PLBBX	0.34	0.07	0.66	0.36	0.07	0.0	0.8	0.0		0.41	PLBBX
MMEYX	0.11	0.31	0.39	0.03	0.32	0.0	0.52	0.0	0.41		MMEYX
	BUFOX	BFINX	SIBAX	EEA	HSUTX	SEGPX	TEBRX	SEUPX	PLBBX	MMEYX

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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

SEUPX	+ 1.0	SEGPX
HSUTX	+ 0.95	BFINX
TEBRX	+ 0.87	SIBAX
PLBBX	+ 0.8	TEBRX
BFINX	+ 0.78	BUFOX
HSUTX	+ 0.78	BUFOX

High negative correlations

SIBAX	- 0.43	BFINX
HSUTX	- 0.42	SIBAX
TEBRX	- 0.34	BFINX
SIBAX	- 0.34	BUFOX
TEBRX	- 0.33	HSUTX
TEBRX	- 0.15	BUFOX

Risk-Adjusted Indicators

There is a big difference between Teton Mutual Fund performing well and Teton Westwood 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 Teton Westwood'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
BUFOX	1.27	(0.20)	0.00	(0.03)	0.00	0.00	2.56	(2.34)	8.90
BFINX	0.77	(0.15)	0.00	(0.05)	0.00	0.00	1.40	(2.01)	4.14
SIBAX	0.42	0.05	(0.06)	0.59	0.49	(0.45)	1.01	(0.85)	2.85
EEA	0.65	(0.04)	(0.08)	0.03	0.88	(0.62)	1.25	(1.57)	3.86
HSUTX	0.66	(0.12)	0.00	(0.04)	0.00	0.00	1.10	(1.62)	3.56
SEGPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TEBRX	0.73	0.04	0.03	0.13	0.97	(0.77)	1.44	(1.76)	4.93
SEUPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLBBX	0.54	(0.04)	(0.07)	0.05	0.78	(0.54)	0.98	(1.38)	3.24
MMEYX	0.95	0.00	0.03	0.10	1.04	(1.06)	2.34	(1.87)	6.07

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