Wesmark Government Correlations

WMBDX Fund

USD 7.87 0.02 0.25%

The current 90-days correlation between Wesmark Government Bond and Wesmark Growth Fund is -0.2 (i.e., Good diversification). The correlation of Wesmark Government 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.

Wesmark Government Correlation With Market

Good diversification

The correlation between Wesmark Government Bond and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesmark Government Bond 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 Wesmark Government Bond. 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 unemployment.

Moving together with Wesmark Mutual Fund

0.77	WMKMX	Wesmark West Virginia	Pair Corr
0.97	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
1.0	VTBNX	Vanguard Total Bond	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
1.0	BFACX	Bond Fund	Pair Corr
0.96	FFBOX	American Funds	Pair Corr
0.64	RBCUX	Tax Exempt Bond	Pair Corr

Moving against Wesmark Mutual Fund

0.82	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.82	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.82	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.72	WMKSX	Wesmark Small Pany	Pair Corr
0.71	WMKGX	Wesmark Growth	Pair Corr
0.37	WMKTX	Wesmark Tactical Opp	Pair Corr
0.86	BDJ	Blackrock Enhanced Equity	Pair Corr
0.82	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.82	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.81	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.81	DREQX	Dreyfus Research Growth	Pair Corr
0.81	CPLIX	Calamos Phineus Longshort	Pair Corr
0.76	HSTIX	Stock Index Fund	Pair Corr
0.75	JRBFX	Regional Bank	Pair Corr
0.73	ANZCX	Allianzgi Convertible	Pair Corr
0.68	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.68	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.68	WMICX	Wasatch Micro Cap	Pair Corr
0.64	RTSAX	Tax Managed Mid	Pair Corr
0.64	VEXRX	Vanguard Explorer	Pair Corr
0.59	FTVFX	Fidelity Advisor Value	Pair Corr
0.79	FLPXX	Meeder Funds	Pair Corr
0.79	FFRDX	Franklin Floating Rate	Pair Corr

Related Correlations Analysis

	WMKGX	WMKSX	WMBLX	WMKMX	FGFLX
WMKGX		0.88	0.73	-0.3	-0.59	WMKGX
WMKSX	0.88		0.46	-0.31	-0.76	WMKSX
WMBLX	0.73	0.46		0.02	-0.03	WMBLX
WMKMX	-0.3	-0.31	0.02		0.46	WMKMX
FGFLX	-0.59	-0.76	-0.03	0.46		FGFLX
	WMKGX	WMKSX	WMBLX	WMKMX	FGFLX

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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

WMKSX	+ 0.88	WMKGX
WMBLX	+ 0.73	WMKGX
WMBLX	+ 0.46	WMKSX
FGFLX	+ 0.46	WMKMX
WMKMX	+ 0.02	WMBLX

High negative correlations

FGFLX	- 0.76	WMKSX
FGFLX	- 0.59	WMKGX
WMKMX	- 0.31	WMKSX
WMKMX	- 0.3	WMKGX
FGFLX	- 0.03	WMBLX

Risk-Adjusted Indicators

There is a big difference between Wesmark Mutual Fund performing well and Wesmark Government 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 Wesmark Government'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
WMKGX	0.55	(0.01)	(0.03)	0.10	0.77	(0.57)	1.12	(1.65)	4.13
WMKSX	0.88	0.06	0.11	0.15	0.79	(1.04)	1.87	(1.37)	7.98
WMBLX	0.33	(0.03)	(0.24)	0.05	0.32	(0.37)	0.77	(0.62)	1.89
WMKMX	0.15	0.01	(0.27)	(0.01)	0.24	(0.19)	0.31	(0.40)	1.44
FGFLX	0.69	(0.19)	0.00	(0.26)	0.00	0.00	1.03	(1.76)	4.36

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