Wesmark Small Pany Fund Market Value
| WMKSX Fund | USD 17.10 0.22 1.30% |
| Symbol | Wesmark |
Wesmark Small '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 Small'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 Small.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Wesmark Small on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Wesmark Small Pany or generate 0.0% return on investment in Wesmark Small over 270 days. Wesmark Small is related to or competes with Wesmark Growth, Wesmark Government, Wesmark Balanced, Wesmark West, and Federated International. The fund pursues its investment objective by investing at least 80 percent of the value of its net assets in equity secu... More
Wesmark Small 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 Small'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 Small Pany upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0954 | |||
| Maximum Drawdown | 7.98 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 2.12 |
Wesmark Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesmark Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesmark Small's standard deviation. In reality, there are many statistical measures that can use Wesmark Small historical prices to predict the future Wesmark Small's volatility.| Risk Adjusted Performance | 0.1528 | |||
| Jensen Alpha | 0.0624 | |||
| Total Risk Alpha | 0.0382 | |||
| Sortino Ratio | 0.1182 | |||
| Treynor Ratio | 0.1614 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wesmark Small's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wesmark Small Pany Backtested Returns
Wesmark Small appears to be very steady, given 3 months investment horizon. Wesmark Small Pany shows Sharpe Ratio of 0.18, which attests that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wesmark Small Pany, which you can use to evaluate the volatility of the fund. Please utilize Wesmark Small's Mean Deviation of 0.907, market risk adjusted performance of 0.1714, and Downside Deviation of 1.07 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.53, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wesmark Small will likely underperform.
Auto-correlation | 0.47 |
Average predictability
Wesmark Small Pany has average predictability. Overlapping area represents the amount of predictability between Wesmark Small time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 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 Small Pany price movement. The serial correlation of 0.47 indicates that about 47.0% of current Wesmark Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Wesmark Small Pany lagged returns against current returns
Autocorrelation, which is Wesmark Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Wesmark Small returns to help us make a trade decision. For example, suppose you find that Wesmark Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesmark Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wesmark Small Lagged Returns
When evaluating Wesmark Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesmark Small mutual fund have on its future price. Wesmark Small 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 Small autocorrelation shows the relationship between Wesmark Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wesmark Small Pany.
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 Small 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 Small security.
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