Wesmark West Virginia Fund Market Value
| WMKMX Fund | USD 9.76 0.01 0.10% |
| Symbol | Wesmark |
Wesmark West 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Wesmark West's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Wesmark West.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Wesmark West on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Wesmark West Virginia or generate 0.0% return on investment in Wesmark West over 720 days. Wesmark West is related to or competes with Wesmark Government, Wesmark Growth, Wesmark Balanced, Wesmark Small, and Wesmark Tactical. The fund pursues its investment objective by investing at least 80 percent of its net assets in a professionally managed... More
Wesmark West Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Wesmark West's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Wesmark West Virginia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4058 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.44 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.3099 |
Wesmark West Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesmark West's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesmark West's standard deviation. In reality, there are many statistical measures that can use Wesmark West historical prices to predict the future Wesmark West's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | 0.0652 |
Wesmark West Virginia Backtested Returns
At this stage we consider Wesmark Mutual Fund to be very steady. Wesmark West Virginia shows Sharpe Ratio of 0.0075, which attests that the fund had a 0.0075% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wesmark West Virginia, which you can use to evaluate the volatility of the fund. Please check out Wesmark West's Mean Deviation of 0.1469, downside deviation of 0.4058, and Market Risk Adjusted Performance of 0.0752 to validate if the risk estimate we provide is consistent with the expected return of 0.0019%. The entity maintains a market beta of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wesmark West are expected to decrease at a much lower rate. During the bear market, Wesmark West is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
Wesmark West Virginia has good reverse predictability. Overlapping area represents the amount of predictability between Wesmark West time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wesmark West Virginia price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Wesmark West price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wesmark West Virginia lagged returns against current returns
Autocorrelation, which is Wesmark West mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Wesmark West's mutual fund expected returns. We can calculate the autocorrelation of Wesmark West returns to help us make a trade decision. For example, suppose you find that Wesmark West has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Wesmark West regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Wesmark West mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesmark West mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wesmark West mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wesmark West Lagged Returns
When evaluating Wesmark West's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesmark West mutual fund have on its future price. Wesmark West autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Wesmark West autocorrelation shows the relationship between Wesmark West mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wesmark West Virginia.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Wesmark Mutual Fund
Wesmark West financial ratios help investors to determine whether Wesmark Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wesmark with respect to the benefits of owning Wesmark West security.
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