Wells Fargo Correlations

CBEJX Fund  USD 13.95  0.04  0.29%   
The current 90-days correlation between Wells Fargo Cb and Wells Fargo Strategic is -0.17 (i.e., Good diversification). The correlation of Wells Fargo 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.

Wells Fargo Correlation With Market

Average diversification

The correlation between Wells Fargo Cb and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Cb and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wells Fargo Cb. 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 inflation.
For more information on how to buy Wells Mutual Fund please use our How to Invest in Wells Fargo guide.

Moving together with Wells Mutual Fund

  0.66WRPIX Wells Fargo AlternativePairCorr
  0.67WRPRX Wells Fargo AlternativePairCorr
  0.84WSCJX Wells Fargo SmallPairCorr
  0.87WSCRX Wells Fargo AdvantagePairCorr
  0.74STFFX Wells Fargo LargePairCorr
  0.61WTLVX Wells Fargo LargePairCorr
  0.83SCSRX Wells Fargo MonPairCorr
  0.88SCVJX Wells Fargo SmallPairCorr
  0.64WUSRX Wells Fargo UltraPairCorr
  0.74IPBJX Wells Fargo RealPairCorr
  0.84WDSAX Allspring DisciplinedPairCorr
  0.93WEGRX Allspring Emerging GrowthPairCorr
  0.86WENRX Wells Fargo EnterprisePairCorr
  0.7WFATX Wells Fargo IndexPairCorr
  0.86WFDRX Wells Fargo DiscoveryPairCorr
  0.7WFPRX Wells Fargo SpecialPairCorr
  0.79SGRHX Wells Fargo GrowthPairCorr
  0.81ESPRX Wells Fargo AdvantagePairCorr
  0.88EVSRX Wells Fargo DisciplinedPairCorr
  0.87EGORX Wells Fargo LargePairCorr
  0.79EKJFX Wells Fargo PremierPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.84AFMFX American MutualPairCorr
  0.91FFMMX American Funds AmericanPairCorr

Moving against Wells Mutual Fund

  0.66WFEHX Wells Fargo InternationalPairCorr
  0.48STYJX Wells Fargo CorePairCorr
  0.46WTRIX Wells Fargo AdvantagePairCorr
  0.45EQIRX Wells Fargo EmergingPairCorr
  0.38EMGDX Wells Fargo EmergingPairCorr
  0.58BTMPX Ishares Msci EafePairCorr
  0.58MDIIX Blackrock Intern IndexPairCorr
  0.57BTMKX Blackrock InternationalPairCorr
  0.53WICRX Allspring SpecialPairCorr

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   
WRPRXWRPIX
WSCRXWSCJX
STFFXWSCJX
WSSRXVMPRX
WSCRXWRPRX
SSTYXVMPRX
  
High negative correlations   
WRPRXEMGDX
WRPIXEMGDX
WSCJXEMGDX
WSCRXEMGDX
STFFXEMGDX
SSTYXEMGDX

Risk-Adjusted Indicators

There is a big difference between Wells Mutual Fund performing well and Wells Fargo 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 Wells Fargo'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMPRX  0.09 (0.01)(0.36)(0.24) 0.13 
 0.23 
 0.79 
EMGDX  0.59  0.01 (0.07) 0.18  0.81 
 1.27 
 5.16 
WRPIX  0.24  0.04 (0.11) 0.39  0.01 
 0.61 
 1.48 
WRPRX  0.23  0.04 (0.11) 0.38  0.00 
 0.62 
 1.35 
SSTYX  0.07 (0.01)(0.62)(0.12) 0.00 
 0.12 
 0.59 
WSCJX  0.94 (0.07)(0.02) 0.04  1.17 
 2.19 
 10.51 
WSCRX  0.78 (0.02) 0.00  0.07  0.76 
 1.76 
 6.44 
WARRX  0.29 (0.01)(0.18) 0.05  0.32 
 0.61 
 1.90 
STFFX  0.85 (0.14) 0.00 (0.05) 0.00 
 1.56 
 14.65 
WSSRX  0.06  0.00 (0.49)(0.17) 0.00 
 0.21 
 0.62