Wesmark Tactical Correlations

Mutual Funds . USA . 
Fund . Wesmark Tactical Opportunity
WMKTX Fund  USD 11.92  0.08  0.67%   
The current 90-days correlation between Wesmark Tactical Opp and Wesmark Growth Fund is 0.02 (i.e., Significant diversification). The correlation of Wesmark Tactical 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 Tactical Correlation With Market

Poor diversification

The correlation between Wesmark Tactical Opportunity and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesmark Tactical Opportunity 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 Tactical Opportunity. 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 estimate.

Moving together with Wesmark Mutual Fund

  0.88WMBLX Wesmark BalancedPairCorr
  0.72WMKGX Wesmark GrowthPairCorr
  0.72WMKSX Wesmark Small PanyPairCorr
  0.64PFN Pimco Income StrategyPairCorr
  0.63CIF Mfs Intermediate HighPairCorr
  0.71PCF Putnam High IncomePairCorr
  0.81RFNBX American Funds FundaPairCorr
  0.8CII Blackrock EnhancedPairCorr
  0.67GCEQX Green Century EquityPairCorr
  0.77VFFSX Vanguard 500 IndexPairCorr
  0.79ANOIX Small Cap GrowthPairCorr
  0.68FCNTX Fidelity ContrafundPairCorr
  0.65ADNAX American Beacon ArkPairCorr
  0.77ETW Eaton Vance TaxPairCorr
  0.68PRGTX T Rowe PricePairCorr
  0.67OSPPX Oppenheimer Steelpath MlpPairCorr
  0.66BSGLX Long TermPairCorr
  0.76AAMCX Absolute Capital AssetPairCorr
  0.72PLIBX Plumb BalancedPairCorr
  0.8DNAVX Dunham Dynamic MacroPairCorr

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
+ 0.88
WMKGX
WMKTX
+ 0.88
WMBLX
WMKTX
+ 0.72
WMKGX
WMKTX
+ 0.72
WMKSX
WMKMX
+ 0.64
WMBDX
WMBLX
+ 0.6
WMKGX
  
High negative correlations   
WMKSX
- 0.57
WMBDX
WMBDX
- 0.57
WMKGX
WMKTX
- 0.17
WMBDX
WMBLX
- 0.05
WMBDX

Risk-Adjusted Indicators

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