Weitz Balanced Correlations

Mutual Funds . USA . 
Fund . Weitz Balanced
WBAIX Fund  USD 17.06  0.03  0.18%   
The current 90-days correlation between Weitz Balanced and Weitz Ultra Short is 0.03 (i.e., Significant diversification). The correlation of Weitz Balanced 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.

Weitz Balanced Correlation With Market

Good diversification

The correlation between Weitz Balanced and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weitz Balanced 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 Weitz Balanced. 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 gross domestic product.

Moving together with Weitz Mutual Fund

  0.84SAFEX Weitz Ultra ShortPairCorr
  0.76WSHNX Short Duration IncomePairCorr
  0.85WBALX Balanced Fund BalancedPairCorr
  0.61WCPBX Core Plus IncomePairCorr
  0.61WCPNX Core Plus IncomePairCorr
  0.99WVAIX Value Fund ValuePairCorr
  0.94WVALX Value Fund ValuePairCorr
  0.8WEFIX Short Duration IncomePairCorr
  0.89WNTFX Nebraska Tax FreePairCorr
  0.99WPOIX Partners Iii OpportunityPairCorr
  0.94WPOPX Partners Iii OpportunityPairCorr
  0.94WPVLX Partners ValuePairCorr
  0.99WPVIX Partners ValuePairCorr
  0.84VWINX Vanguard Wellesley IncomePairCorr
  0.88VWIAX Vanguard Wellesley IncomePairCorr
  0.94BKMIX Blackrock Multi AssetPairCorr
  0.9HBLTX Hartford BalancedPairCorr
  0.85HBLRX Hartford BalancedPairCorr
  0.85HBLSX Hartford BalancedPairCorr
  0.86HBLVX Hartford BalancedPairCorr
  0.85HBLYX Hartford BalancedPairCorr
  0.85HBLCX Hartford BalancedPairCorr
  0.9HBLIX Hartford BalancedPairCorr
  0.88ERH Allspring Utilities AndPairCorr
  0.87WHIYX Ivy High IncomePairCorr
  0.86IVHIX Ivy High IncomePairCorr
  0.87IHIFX Ivy High IncomePairCorr
  0.85WRHIX Ivy High IncomePairCorr
  0.87WHIAX Ivy High IncomePairCorr
  0.84CSJZX Cohen Steers RealtyPairCorr
  0.76CSRSX Cohen Steers RealtyPairCorr
  0.88STMUX Invesco Short TermPairCorr
  0.93MLAAX Mainstay Large CapPairCorr
  0.96MXHAX Great West LargePairCorr
  0.72GAUAX Gabelli UtilitiesPairCorr
  0.77GAGEX Guinness Atkinson GlobalPairCorr
  0.92DUSQX Us Lg CapPairCorr
  0.94DNLRX Dreyfus Active MidcapPairCorr
  0.96BBLIX Bbh Select SeriesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Weitz Mutual Fund performing well and Weitz Balanced 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 Weitz Balanced'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAFEX  0.04  0.00 (2.08) 0.26  0.00 
(0.22)
 0.10 
(0.10)
 0.51 
WSHNX  0.08  0.01 (1.97)(4.00) 0.00 
(0.15)
 0.17 
(0.17)
 0.67 
WBALX  0.34  0.03 (0.27) 0.30  0.00 
(0.42)
 0.75 
(0.55)
 3.56 
WBAIX  0.33  0.09 (0.40)(0.68) 0.25 
(0.37)
 0.72 
(0.65)
 2.07 
WCPBX  0.25  0.01 (0.68) 1.63  0.23 
(0.29)
 0.53 
(0.52)
 1.17 
WCPNX  0.24  0.01 (0.69) 0.79  0.24 
(0.26)
 0.53 
(0.42)
 1.17 
WVAIX  0.76  0.26 (0.04)(0.70) 0.77 
(0.79)
 1.76 
(1.36)
 5.85 
WVALX  0.72 (0.03) 0.00  0.21  0.61 
(0.78)
 1.74 
(1.29)
 5.85 
WEFIX  0.08  0.01 (2.37) 1.07  0.00 
(0.14)
 0.17 
(0.08)
 0.67 
WNTFX  0.08  0.02 (1.13)(5.31) 0.00 
(0.14)
 0.21 
(0.10)
 0.42 

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