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

  0.9WMBDX Wesmark Government BondPairCorr
  0.72WMBLX Wesmark BalancedPairCorr
  0.73WMKTX Wesmark Tactical OppPairCorr
  0.91HICOX Colorado BondsharesPairCorr
  0.94KYTFX Kentucky Tax FreePairCorr
  0.89UVABX Virginia BondPairCorr
  0.94HULYX Hawaiian Tax FreePairCorr
  0.93HULFX Hawaiian Tax FreePairCorr
  0.94ORTYX Aquila Tax FreePairCorr
  0.9UVAIX Usaa Virginia BondPairCorr
  0.94USVAX Virginia BondPairCorr
  0.93HULAX Hawaiian Tax FreePairCorr
  0.8XDSMX Dreyfus StrategicPairCorr
  0.78XNXJX Nuveen New JerseyPairCorr
  0.9NXJ Nuveen New JerseyPairCorr
  0.63PCF Putnam High IncomePairCorr
  0.83XNBHX Neuberger Berman IntPairCorr
  0.74FAX Aberdeen Asia PacificPairCorr
  0.81TSILX Tiaa Cref LifestylePairCorr
  0.72AUNTX Ab Municipal BondPairCorr
  0.73OBIOX Oberweis InternationalPairCorr
  0.68FGZMX Fidelity New MarketsPairCorr
  0.66PRMDX Maryland Short TermPairCorr
  0.72TEDLX Tiaa Cref EmergingPairCorr
  0.89MEDBX Mfs Emerging MarketsPairCorr
  0.64USTIX Usaa Tax ExemptPairCorr

Moving against Wesmark Mutual Fund

  0.83RYAQX Inverse Government LongPairCorr

Related Correlations Analysis

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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.