Wesmark Small Correlations

Mutual Funds . USA . 
Fund . Wesmark Small Pany
WMKSX Fund  USD 16.74  0.16  0.95%   
The current 90-days correlation between Wesmark Small Pany and Wesmark Growth Fund is 0.89 (i.e., Very poor diversification). The correlation of Wesmark Small 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 Small Correlation With Market

Very poor diversification

The correlation between Wesmark Small Pany and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesmark Small Pany 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 Small Pany. 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 state.

Moving together with Wesmark Mutual Fund

  0.97WMBLX Wesmark BalancedPairCorr
  0.99WMKGX Wesmark GrowthPairCorr
  0.76WMKMX Wesmark West VirginiaPairCorr
  0.96WMKTX Wesmark Tactical OppPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  0.98DFSTX Us Small CapPairCorr
  0.98PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr
  0.98TRZVX T Rowe PricePairCorr
  0.96PRSVX T Rowe PricePairCorr
  0.76GAAKX Gmo Alternative AlloPairCorr
  0.75GAAGX Gmo Alternative AlloPairCorr
  0.63GPBFX Gmo E PlusPairCorr
  0.98PHJUX Principal Lifetime HybridPairCorr
  0.97TSWHX TswhgyldbdinstlPairCorr
  0.97MHOAX Mfs Global HighPairCorr
  0.98FHARX Fidelity Freedom BlendPairCorr
  0.99FFPNX American Funds NewPairCorr
  0.91EMLCX Mfs Emerging MarketsPairCorr
  0.86GAGEX Guinness Atkinson GlobalPairCorr
  0.97RYIPX Royce InternationalPairCorr
  0.99HBARX Hartford ModeratePairCorr
  0.97RWMAX Washington MutualPairCorr
  0.97MIDFX Marsico Midcap GrowthPairCorr
  0.98LGRRX Loomis Sayles GrowthPairCorr
  0.64RSYTX Strategic BondPairCorr
  0.7VSGBX Vanguard Short TermPairCorr
  0.99AAANX Horizon Active AssetPairCorr
  0.97COIIX Calvert InternationalPairCorr

Moving against Wesmark Mutual Fund

  0.32GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wesmark Mutual Fund performing well and Wesmark Small 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 Small'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.

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