Wesmark Tactical Opportunity Fund Market Value
| WMKTX Fund | USD 11.11 0.02 0.18% |
| Symbol | Wesmark |
Wesmark Tactical '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 Tactical'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 Tactical.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Wesmark Tactical on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Wesmark Tactical Opportunity or generate 0.0% return on investment in Wesmark Tactical over 30 days. Wesmark Tactical is related to or competes with Wesmark Growth, Wesmark Government, and Wesmark Small. The fund pursues its investment objective by utilizing a tactical allocation strategy More
Wesmark Tactical 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 Tactical'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 Tactical Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4826 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.83 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.6416 |
Wesmark Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesmark Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wesmark Tactical's standard deviation. In reality, there are many statistical measures that can use Wesmark Tactical historical prices to predict the future Wesmark Tactical's volatility.| Risk Adjusted Performance | 0.0616 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0609 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wesmark Tactical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wesmark Tactical Opp Backtested Returns
We consider Wesmark Tactical very steady. Wesmark Tactical Opp shows Sharpe Ratio of 0.0764, which attests that the fund had a 0.0764% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wesmark Tactical Opp, which you can use to evaluate the volatility of the fund. Please check out Wesmark Tactical's Downside Deviation of 0.4826, market risk adjusted performance of 0.0709, and Mean Deviation of 0.3063 to validate if the risk estimate we provide is consistent with the expected return of 0.0316%. The entity maintains a market beta of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wesmark Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wesmark Tactical is expected to be smaller as well.
Auto-correlation | 0.19 |
Very weak predictability
Wesmark Tactical Opportunity has very weak predictability. Overlapping area represents the amount of predictability between Wesmark Tactical time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Tactical Opp price movement. The serial correlation of 0.19 indicates that over 19.0% of current Wesmark Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wesmark Tactical Opp lagged returns against current returns
Autocorrelation, which is Wesmark Tactical 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 Tactical's mutual fund expected returns. We can calculate the autocorrelation of Wesmark Tactical returns to help us make a trade decision. For example, suppose you find that Wesmark Tactical 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 Tactical 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 Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wesmark Tactical 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 Tactical mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wesmark Tactical Lagged Returns
When evaluating Wesmark Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wesmark Tactical mutual fund have on its future price. Wesmark Tactical 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 Tactical autocorrelation shows the relationship between Wesmark Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wesmark Tactical Opportunity.
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.Check out Wesmark Tactical Correlation, Wesmark Tactical Volatility and Wesmark Tactical Alpha and Beta module to complement your research on Wesmark Tactical. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Wesmark Tactical technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.