Wesmark Balanced Correlations

Mutual Funds . USA . 
Fund . Wesmark Balanced Fund
WMBLX Fund  USD 14.40  0.04  0.28%   
The current 90-days correlation between Wesmark Balanced and Wesmark Growth Fund is 0.03 (i.e., Significant diversification). The correlation of Wesmark Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between Wesmark Balanced Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesmark Balanced 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 Balanced 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 bureau of economic analysis.

Moving together with Wesmark Mutual Fund

  0.88WMKTX Wesmark Tactical OppPairCorr
  0.74FBONX American Funds AmericanPairCorr
  0.74FBAFX American Funds AmericanPairCorr
  0.82ABALX American BalancedPairCorr
  0.75BALCX American BalancedPairCorr
  0.82BALFX American BalancedPairCorr
  0.74RLBCX American BalancedPairCorr
  0.83RLBBX American BalancedPairCorr
  0.82CLBAX American BalancedPairCorr
  0.82CLBEX American BalancedPairCorr
  0.74RLBFX American BalancedPairCorr
  0.78WARCX Wells Fargo AdvantagePairCorr
  0.62RNGHX New Economy FundPairCorr
  0.64DFMAX Davidson Multi CapPairCorr
  0.62PRWAX T Rowe PricePairCorr
  0.85PGAIX Pimco Global MultiPairCorr
  0.81NEXTX Shelton Green AlphaPairCorr
  0.79NSBFX Nuveen Santa BarbaraPairCorr
  0.62VEXRX Vanguard ExplorerPairCorr

Related Correlations Analysis

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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   
PLBBX
+ 0.96
WMKSX
PLBBX
+ 0.91
WMKGX
WMKSX
+ 0.88
WMKGX
WMKMX
+ 0.64
WMBDX
WMKMX
+ 0.06
WMKGX
WMKMX
+ 0.01
WMKSX
  
High negative correlations   
PLBBX
- 0.61
WMBDX
WMKSX
- 0.57
WMBDX
WMBDX
- 0.57
WMKGX
PLBBX
- 0.03
WMKMX

Risk-Adjusted Indicators

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