Wesmark West Correlations

Mutual Funds . USA . 
Fund . Wesmark West Virginia
WMKMX Fund  USD 9.68  0.01  0.10%   
The current 90-days correlation between Wesmark West Virginia and Wesmark Government Bond is 0.57 (i.e., Very weak 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 0.17 (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

  0.74WMBDX Wesmark Government BondPairCorr
  0.78HICOX Colorado BondsharesPairCorr
  0.9KYTFX Kentucky Tax FreePairCorr
  0.81UVABX Virginia BondPairCorr
  0.91HULYX Hawaiian Tax FreePairCorr
  0.9HULFX Hawaiian Tax FreePairCorr
  0.92ORTYX Aquila Tax FreePairCorr
  0.82UVAIX Usaa Virginia BondPairCorr
  0.82USVAX Virginia BondPairCorr
  0.91HULAX Hawaiian Tax FreePairCorr
  0.68JELCX Jhn Hk CnsvPairCorr
  0.71FRSAX Federated Floating RatePairCorr
  0.66BMOAX Blackrock Bond IndexPairCorr
  0.76BIGCX Blackrock Gov BdPairCorr
  0.62EGRIX Eaton Vance GlobalPairCorr
  0.68JSNAX Jhancock Short DurationPairCorr
  0.65PSJIX Short Term IncomePairCorr
  0.65PMZPX Pimco Mortgage OpporPairCorr
  0.83NEA Nuveen Amt FreePairCorr

Moving against Wesmark Mutual Fund

  0.52SMPSX Semiconductor UltrasectorPairCorr
  0.48SMPIX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
WMKSX
+ 0.89
WMKGX
WMBLX
+ 0.81
WMKGX
WMKSX
+ 0.58
WMBLX
WMBLX
+ 0.08
WMBDX
  
High negative correlations   
WMKSX
- 0.62
WMBDX
WMKGX
- 0.47
WMBDX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY