Wesmark Growth Correlations

Mutual Funds USA . 
Fund . Wesmark Growth Fund
WMKGX Fund  USD 26.21  0.15  0.57%   
The current 90-days correlation between Wesmark Growth and Wesmark Small Pany is 0.8 (i.e., Very poor diversification). The correlation of Wesmark Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Wesmark Growth Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesmark Growth 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 Growth 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 price.

Moving together with Wesmark Mutual Fund

  0.73WMBLX Wesmark BalancedPairCorr
  0.88WMKTX Wesmark Tactical OppPairCorr
  0.88WMKSX Wesmark Small PanyPairCorr
  0.95FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.78PFN Pimco Income StrategyPairCorr
  0.88XNKGX Nuveen Georgia QualityPairCorr
  0.81XPPRX Voya Prime RatePairCorr
  0.86PCF Putnam High IncomePairCorr
  0.85FFRDX Franklin Floating RatePairCorr
  0.9ANZAX Allianzgi ConvertiblePairCorr
  0.8CPLIX Calamos Phineus LongshortPairCorr
  0.76KNGYX Cboe Vest SpPairCorr
  0.94PCWPX Strategic Asset ManaPairCorr
  0.92VEMPX Vanguard Extended MarketPairCorr
  0.78SGPGX Sgi Prudent GrowthPairCorr
  0.97DREQX Dreyfus Research GrowthPairCorr
  0.89VWNEX Vanguard WindsorPairCorr
  0.78AOUIX Angel Oak UltrashortPairCorr
  0.91RTSAX Tax Managed MidPairCorr
  0.9ANZCX Allianzgi ConvertiblePairCorr
  0.91MAWAX Mfs Aggressive GrowthPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.91CFJAX Calvert Large CapPairCorr

Moving against Wesmark Mutual Fund

  0.71WMBDX Wesmark Government BondPairCorr
  0.62XNXJX Nuveen New JerseyPairCorr
  0.55XNBHX Neuberger Berman IntPairCorr
  0.34NXJ Nuveen New JerseyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
WSBC
+ 0.88
WMKSX
WMKMX
+ 0.77
WMBDX
WMBLX
+ 0.46
WMKSX
WSBC
+ 0.09
WMBLX
WMKMX
+ 0.02
WMBLX
  
High negative correlations   
WMBDX
- 0.72
WMKSX
WSBC
- 0.66
WMBDX
WSBC
- 0.42
WMKMX
WMKMX
- 0.31
WMKSX
WMBLX
- 0.23
WMBDX

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY