Wesmark Growth Fund Market Value
| WMKGX Fund | USD 26.95 0.32 1.20% |
| Symbol | Wesmark |
Wesmark Growth '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 Growth'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 Growth.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Wesmark Growth on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Wesmark Growth Fund or generate 0.0% return on investment in Wesmark Growth over 720 days. Wesmark Growth is related to or competes with Wesmark Small, Wesmark Government, Wesmark Balanced, Wesmark West, and WesBanco. The fund pursues its investment objective by investing at least 80 percent of the value of its net assets in equity secu... More
Wesmark Growth 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 Growth'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 Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7326 | |||
| Information Ratio | 0.0533 | |||
| Maximum Drawdown | 4.13 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.12 |
Wesmark Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesmark Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesmark Growth's standard deviation. In reality, there are many statistical measures that can use Wesmark Growth historical prices to predict the future Wesmark Growth's volatility.| Risk Adjusted Performance | 0.1682 | |||
| Jensen Alpha | 0.1443 | |||
| Total Risk Alpha | 0.0418 | |||
| Sortino Ratio | 0.0502 | |||
| Treynor Ratio | 2.46 |
Wesmark Growth Backtested Returns
At this stage we consider Wesmark Mutual Fund to be very steady. Wesmark Growth shows Sharpe Ratio of 0.18, which attests that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wesmark Growth, which you can use to evaluate the volatility of the fund. Please check out Wesmark Growth's Downside Deviation of 0.7326, market risk adjusted performance of 2.47, and Mean Deviation of 0.4867 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The entity maintains a market beta of 0.0614, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wesmark Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wesmark Growth is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Wesmark Growth Fund has good predictability. Overlapping area represents the amount of predictability between Wesmark Growth 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 Growth price movement. The serial correlation of 0.73 indicates that around 73.0% of current Wesmark Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
Wesmark Growth lagged returns against current returns
Autocorrelation, which is Wesmark Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Wesmark Growth returns to help us make a trade decision. For example, suppose you find that Wesmark Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesmark Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wesmark Growth Lagged Returns
When evaluating Wesmark Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesmark Growth mutual fund have on its future price. Wesmark Growth 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 Growth autocorrelation shows the relationship between Wesmark Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wesmark Growth 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 Growth 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 Growth security.
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