Wesmark Growth Correlations

Mutual Funds . USA . 
Fund . Wesmark Growth Fund
WMKGX Fund  USD 26.73  0.14  0.52%   
The current 90-days correlation between Wesmark Growth and Vanguard Total Stock is 0.03 (i.e., Significant 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

Significant diversification

The correlation between Wesmark Growth Fund and DJI is 0.05 (i.e., Significant 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

  0.68WMBLX Wesmark BalancedPairCorr
  0.79WMKTX Wesmark Tactical OppPairCorr
  0.88WMKSX Wesmark Small PanyPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.95VINIX Vanguard InstitutionalPairCorr
  0.95VIIIX Vanguard InstitutionalPairCorr
  0.94ASG Liberty All StarPairCorr
  0.95CII Blackrock EnhancedPairCorr
  0.93ETV Eaton Vance TaxPairCorr
  0.86CLM Cornerstone StrategicPairCorr
  0.87CRF Cornerstone StrategicPairCorr
  0.93USA Liberty All StarPairCorr
  0.96ETY Eaton Vance TaxPairCorr
  0.79NFJ Virtus Dividend InterestPairCorr
  0.95ELFNX Elfun Trusts ElfunPairCorr
  0.82AMECX Income FundPairCorr
  0.92RGGEX American Funds GlobalPairCorr
  0.89GVCAX Gabelli ValuePairCorr
  0.74HIX Western Asset HighPairCorr
  0.99FZROX Fidelity Zero TotalPairCorr
  0.9FIVUX First Investors OppoPairCorr
  0.83ACP Aberdeen Income CreditPairCorr
  0.79FSUTX Utilities PortfolioPairCorr

Moving against Wesmark Mutual Fund

  0.61WMBDX Wesmark Government BondPairCorr
  0.37IFN India ClosedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.50  0.06  0.07  0.19  0.40 
(0.57)
 1.01 
(0.94)
 4.11 
VFIAX  0.48  0.16  0.08  2.86  0.36 
(0.54)
 1.17 
(0.93)
 3.84 
VTSMX  0.50  0.06  0.07  0.19  0.40 
(0.57)
 1.01 
(0.94)
 4.11 
VITSX  0.51  0.17  0.10  2.28  0.36 
(0.58)
 1.10 
(0.94)
 4.11 
VSMPX  0.50  0.06  0.07  0.19  0.40 
(0.57)
 1.01 
(0.94)
 4.11 
VSTSX  0.50  0.06  0.07  0.19  0.40 
(0.57)
 1.01 
(0.94)
 4.11 
VFINX  0.48  0.16  0.08  2.84  0.37 
(0.54)
 1.17 
(0.93)
 3.84 
VFFSX  0.48  0.06  0.05  0.20  0.40 
(0.52)
 1.07 
(0.93)
 3.84 
VINIX  0.48  0.06  0.05  0.20  0.40 
(0.52)
 1.07 
(0.93)
 3.84 
VIIIX  0.48  0.06  0.05  0.20  0.40 
(0.52)
 1.07 
(0.93)
 3.84 

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