Wesmark Balanced Correlations

Mutual Funds . USA . 
Fund . Wesmark Balanced Fund
WMBLX Fund  USD 14.37  0.11  0.77%   
The current 90-days correlation between Wesmark Balanced and Wesmark Growth Fund is 0.79 (i.e., Poor diversification). The correlation of Wesmark 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.

Wesmark Balanced Correlation With Market

Very poor diversification

The correlation between Wesmark Balanced Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesmark Balanced Fund 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 Balanced Fund. 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 bureau of economic analysis.

Moving together with Wesmark Mutual Fund

  0.71WMKGX Wesmark GrowthPairCorr
  0.89WMKTX Wesmark Tactical OppPairCorr
  0.84FBONX American Funds AmericanPairCorr
  0.84FBAFX American Funds AmericanPairCorr
  0.84ABALX American BalancedPairCorr
  0.85BALCX American BalancedPairCorr
  0.85BALFX American BalancedPairCorr
  0.85RLBCX American BalancedPairCorr
  0.85RLBBX American BalancedPairCorr
  0.84CLBAX American BalancedPairCorr
  0.85CLBEX American BalancedPairCorr
  0.84RLBFX American BalancedPairCorr
  0.61ERH Allspring Utilities AndPairCorr
  0.61WHIYX Ivy High IncomePairCorr
  0.64IVHIX Ivy High IncomePairCorr
  0.63WRHIX Ivy High IncomePairCorr
  0.61WHIAX Ivy High IncomePairCorr
  0.65VFINX Vanguard 500 IndexPairCorr
  0.76RNGEX New Economy FundPairCorr
  0.71VWENX Vanguard WellingtonPairCorr
  0.65BSPIX Blackrock Sp 500PairCorr
  0.68GUHYX Victory High YieldPairCorr
  0.72JHJAX John Hancock EsgPairCorr
  0.65JDCAX Janus Forty FundPairCorr
  0.74RFNFX American Funds FundaPairCorr

Related Correlations Analysis

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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   
PLBBX
+ 0.93
WMKSX
PLBBX
+ 0.92
WMKGX
WMKSX
+ 0.87
WMKGX
WMKMX
+ 0.79
WMBDX
  
High negative correlations   
PLBBX
- 0.78
WMBDX
WMKSX
- 0.75
WMBDX
WMBDX
- 0.7
WMKGX
PLBBX
- 0.47
WMKMX
WMKMX
- 0.39
WMKSX
WMKMX
- 0.32
WMKGX

Risk-Adjusted Indicators

There is a big difference between Wesmark Mutual Fund performing well and Wesmark 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 Wesmark 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.

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