Wesmark Balanced Fund Market Value
| WMBLX Fund | USD 14.40 0.04 0.28% |
| Symbol | Wesmark |
Wesmark Balanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Wesmark Balanced's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Wesmark Balanced.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Wesmark Balanced on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Wesmark Balanced Fund or generate 0.0% return on investment in Wesmark Balanced over 720 days. Wesmark Balanced is related to or competes with Wesmark Growth, Wesmark Government, Wesmark Small, Wesmark West, and Plumb Balanced. The fund pursues its investment objective by investing in a mix of equity, fixed-income and money market investments More
Wesmark Balanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Wesmark Balanced's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Wesmark Balanced Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3272 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.89 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.7714 |
Wesmark Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesmark Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesmark Balanced's standard deviation. In reality, there are many statistical measures that can use Wesmark Balanced historical prices to predict the future Wesmark Balanced's volatility.| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 0.0626 |
Wesmark Balanced Backtested Returns
At this stage we consider Wesmark Mutual Fund to be very steady. Wesmark Balanced shows Sharpe Ratio of 0.0686, which attests that the fund had a 0.0686% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wesmark Balanced, which you can use to evaluate the volatility of the fund. Please check out Wesmark Balanced's Mean Deviation of 0.3075, market risk adjusted performance of 0.0726, and Downside Deviation of 0.3272 to validate if the risk estimate we provide is consistent with the expected return of 0.0274%. The entity maintains a market beta of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wesmark Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wesmark Balanced is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Wesmark Balanced Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wesmark Balanced time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wesmark Balanced price movement. The serial correlation of -0.2 indicates that over 20.0% of current Wesmark Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Wesmark Balanced lagged returns against current returns
Autocorrelation, which is Wesmark Balanced mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Wesmark Balanced's mutual fund expected returns. We can calculate the autocorrelation of Wesmark Balanced returns to help us make a trade decision. For example, suppose you find that Wesmark Balanced has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Wesmark Balanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Wesmark Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesmark Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wesmark Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wesmark Balanced Lagged Returns
When evaluating Wesmark Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesmark Balanced mutual fund have on its future price. Wesmark Balanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Wesmark Balanced autocorrelation shows the relationship between Wesmark Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wesmark Balanced Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Wesmark Mutual Fund
Wesmark Balanced financial ratios help investors to determine whether Wesmark Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wesmark with respect to the benefits of owning Wesmark Balanced security.
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