Westwood Low Correlations
| WLVIX Fund | USD 6.67 0.08 1.19% |
The correlation of Westwood Low 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westwood Low moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westwood Low Volatility moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Westwood Low Volatility and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Low Volatility and NYA in the same portfolio, assuming nothing else is changed.
Westwood |
The ability to find closely correlated positions to Westwood Low could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westwood Low when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westwood Low - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westwood Low Volatility to buy it.
Moving together with Westwood Mutual Fund
| 0.89 | FBONX | American Funds American | PairCorr |
| 0.89 | FBAFX | American Funds American | PairCorr |
| 0.89 | ABALX | American Balanced | PairCorr |
| 0.89 | BALCX | American Balanced | PairCorr |
| 0.89 | BALFX | American Balanced | PairCorr |
| 0.89 | RLBCX | American Balanced | PairCorr |
| 0.89 | RLBBX | American Balanced | PairCorr |
| 0.89 | CLBAX | American Balanced | PairCorr |
| 0.89 | CLBEX | American Balanced | PairCorr |
| 0.89 | RLBFX | American Balanced | PairCorr |
| 0.66 | XGEIX | Guggenheim Energy | PairCorr |
| 0.82 | BRUFX | Bruce Fund Bruce | PairCorr |
| 0.74 | SPGSX | State Street Premier | PairCorr |
| 0.86 | KF | Korea Closed | PairCorr |
| 0.71 | HPQ | HP Inc Financial Report 4th of June 2024 | PairCorr |
| 0.85 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
Related Correlations Analysis
| 0.87 | 0.91 | 0.72 | 0.87 | 0.48 | 0.76 | QUAZX | ||
| 0.87 | 0.73 | 0.72 | 0.79 | 0.6 | 0.88 | GLVIX | ||
| 0.91 | 0.73 | 0.69 | 0.83 | 0.38 | 0.61 | NESGX | ||
| 0.72 | 0.72 | 0.69 | 0.85 | 0.71 | 0.81 | FRCSX | ||
| 0.87 | 0.79 | 0.83 | 0.85 | 0.7 | 0.86 | TVOYX | ||
| 0.48 | 0.6 | 0.38 | 0.71 | 0.7 | 0.87 | DFUKX | ||
| 0.76 | 0.88 | 0.61 | 0.81 | 0.86 | 0.87 | ANTMX | ||
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Risk-Adjusted Indicators
There is a big difference between Westwood Mutual Fund performing well and Westwood Low 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 Low'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QUAZX | 1.07 | (0.03) | 0.00 | 0.03 | 1.28 | 2.21 | 5.01 | |||
| GLVIX | 0.92 | 0.01 | 0.02 | 0.05 | 0.96 | 2.24 | 5.55 | |||
| NESGX | 1.41 | (0.08) | (0.02) | 0.01 | 1.60 | 2.58 | 8.91 | |||
| FRCSX | 0.77 | 0.06 | 0.00 | (0.64) | 1.12 | 1.75 | 5.28 | |||
| TVOYX | 0.73 | (0.06) | (0.04) | 0.00 | 1.09 | 1.33 | 4.47 | |||
| DFUKX | 0.67 | (0.01) | (0.01) | 0.04 | 0.79 | 1.52 | 3.82 | |||
| ANTMX | 0.64 | 0.00 | 0.00 | 0.05 | 0.75 | 1.25 | 3.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Westwood Low without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in Westwood Low Volatility?
The danger of trading Westwood Low Volatility is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Westwood Low is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Westwood Low. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Westwood Low Volatility is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westwood Low Volatility. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.