Wesmark West Correlations

WMKMX Fund

USD 9.81 0.01 0.10%

The current 90-days correlation between Wesmark West Virginia and Wesmark Government Bond is 0.64 (i.e., Poor diversification). The correlation of Wesmark West 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 West Correlation With Market

Average diversification

The correlation between Wesmark West Virginia and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesmark West Virginia 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 West Virginia. 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 population.

Moving together with Wesmark Mutual Fund

0.9	WMBDX	Wesmark Government Bond	Pair Corr
0.72	WMBLX	Wesmark Balanced	Pair Corr
0.73	WMKTX	Wesmark Tactical Opp	Pair Corr
0.91	HICOX	Colorado Bondshares	Pair Corr
0.94	KYTFX	Kentucky Tax Free	Pair Corr
0.89	UVABX	Virginia Bond	Pair Corr
0.94	HULYX	Hawaiian Tax Free	Pair Corr
0.93	HULFX	Hawaiian Tax Free	Pair Corr
0.94	ORTYX	Aquila Tax Free	Pair Corr
0.9	UVAIX	Usaa Virginia Bond	Pair Corr
0.94	USVAX	Virginia Bond	Pair Corr
0.93	HULAX	Hawaiian Tax Free	Pair Corr
0.8	XDSMX	Dreyfus Strategic	Pair Corr
0.78	XNXJX	Nuveen New Jersey	Pair Corr
0.9	NXJ	Nuveen New Jersey	Pair Corr
0.63	PCF	Putnam High Income	Pair Corr
0.83	XNBHX	Neuberger Berman Int	Pair Corr
0.74	FAX	Aberdeen Asia Pacific	Pair Corr
0.81	TSILX	Tiaa Cref Lifestyle	Pair Corr
0.72	AUNTX	Ab Municipal Bond	Pair Corr
0.73	OBIOX	Oberweis International	Pair Corr
0.68	FGZMX	Fidelity New Markets	Pair Corr
0.66	PRMDX	Maryland Short Term	Pair Corr
0.72	TEDLX	Tiaa Cref Emerging	Pair Corr
0.89	MEDBX	Mfs Emerging Markets	Pair Corr
0.64	USTIX	Usaa Tax Exempt	Pair Corr

Moving against Wesmark Mutual Fund

0.83

RYAQX

Inverse Government Long

Pair Corr

Related Correlations Analysis

	WMBDX	WMKGX	WMBLX	WMKSX
WMBDX		0.35	0.53	0.25	WMBDX
WMKGX	0.35		0.96	0.92	WMKGX
WMBLX	0.53	0.96		0.88	WMBLX
WMKSX	0.25	0.92	0.88		WMKSX
	WMBDX	WMKGX	WMBLX	WMKSX

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Risk-Adjusted Indicators

There is a big difference between Wesmark Mutual Fund performing well and Wesmark West 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 West'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WMBDX	0.26	0.04	0.27	0.40	0.19	(0.34)	0.64	(0.51)	1.68
WMKGX	0.95	(0.13)	0.00	(0.14)	0.00	0.00	1.20	(1.90)	14.22
WMBLX	0.43	(0.06)	0.00	(0.14)	0.00	0.00	0.69	(0.52)	8.19
WMKSX	1.03	(0.14)	0.00	(0.18)	0.00	0.00	1.37	(3.36)	6.83

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