Wesmark Growth Correlations

Mutual Funds . USA . 
Fund . Wesmark Growth Fund
WMKGX Fund  USD 24.06  0.02  0.08%   
The current 90-days correlation between Wesmark Growth and Wesmark Small Pany is 0.88 (i.e., Very poor 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

Very poor diversification

The correlation between Wesmark Growth Fund and DJI is 0.89 (i.e., Very poor 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

  0.98WMBLX Wesmark BalancedPairCorr
  0.82WMKMX Wesmark West VirginiaPairCorr
  0.97WMKTX Wesmark Tactical OppPairCorr
  0.99WMKSX Wesmark Small PanyPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.72NHS Neuberger Berman HighPairCorr
  0.98USPCX Union Street PartnersPairCorr
  0.88PUBCX Pimco Unconstrained BondPairCorr
  0.89FIKAX Fidelity Advisor EnergyPairCorr
  0.98BSVSX Baird Smallcap ValuePairCorr
  0.98HRNIX Hood River NewPairCorr
  0.98REEIX Rbc Emerging MarketsPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.91IIF Morgan Stanley IndiaPairCorr
  0.99MLNIX Global Centrated PorPairCorr
  0.99TQCIX Touchstone DividendPairCorr
  0.98TCRRX T Rowe PricePairCorr
  0.98OMCIX Oberweis Micro CapPairCorr
  0.75PFOCX Pimco Foreign BondPairCorr
  1.0STBIX State Street EquityPairCorr
  0.91ADOCX Alger Dynamic OpportPairCorr
  1.0RGWFX American Funds GrowthPairCorr
  0.98DPIIX Destra Preferred AndPairCorr
  0.86JARSX James Alpha GlobalPairCorr
  0.98FSCTX Fidelity Advisor SmallPairCorr
  0.98PRCGX Perritt Microcap OppPairCorr
  0.96HFDTX Hartford SchrodersPairCorr
  1.0FATIX Fidelity Advisor TecPairCorr
  0.99OYMIX Oppenheimer ModeratePairCorr

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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY