Wells Fargo Correlations

EKSAX Fund

USD 6.10 0.03 0.49%

The current 90-days correlation between Wells Fargo Diversified and Wells Fargo Advantage is 0.3 (i.e., Weak 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

Very weak diversification

The correlation between Wells Fargo Diversified and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Diversified and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Wells Fargo Diversified. 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 nation.

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

0.73	DHICX	Wells Fargo Advantage	Pair Corr
0.67	WCAFX	Wealthbuilder Conservative	Pair Corr
0.78	IPBNX	Wells Fargo Real	Pair Corr
0.71	EQIDX	Wells Fargo Emerging	Pair Corr
0.68	SGVDX	Wells Fargo Government	Pair Corr
0.7	WHYIX	Wells Fargo Advantage	Pair Corr
0.61	WHYDX	Wells Fargo Advantage	Pair Corr
0.61	WHYMX	Wells Fargo Advantage	Pair Corr
0.85	EVUYX	Wells Fargo Advantage	Pair Corr
0.73	WMBFX	Wealthbuilder Moderate	Pair Corr
0.84	WMBZX	Wells Fargo Wealthbuilder	Pair Corr
1.0	EKSYX	Wells Fargo Diversified	Pair Corr
0.82	EKWDX	Wells Fargo Advantage Steady Growth	Pair Corr
0.82	EKWCX	Wells Fargo Advantage Steady Growth	Pair Corr
0.93	VWINX	Vanguard Wellesley Income	Pair Corr
0.95	BKMIX	Blackrock Multi Asset	Pair Corr
0.66	HBLTX	Hartford Balanced	Pair Corr
0.64	HBLRX	Hartford Balanced	Pair Corr
0.65	HBLSX	Hartford Balanced	Pair Corr
0.66	HBLVX	Hartford Balanced	Pair Corr
0.62	HBLCX	Hartford Balanced	Pair Corr
0.82	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.73	FTCAX	Templeton Strained Bond	Pair Corr
0.62	ECFAX	Eaton Vance Floating	Pair Corr
0.9	RTIYX	Select International	Pair Corr

Moving against Wells Mutual Fund

0.74	TCSUX	Cleartrack 2020 Class	Pair Corr
0.68	TCTGX	Transamerica Cleartrack	Pair Corr
0.67	TDKTX	Cleartrack 2015 Class	Pair Corr
0.67	TCTJX	Transamerica Cleartrack	Pair Corr

Related Correlations Analysis

	DHICX	VMPYX	VMPAX	EMGYX	EMGNX	EMGCX	EMGAX	SSHIX	WABIX	SSTHX
DHICX		0.94	0.98	0.68	0.68	0.7	0.68	0.67	0.87	0.76	DHICX
VMPYX	0.94		0.95	0.68	0.68	0.69	0.68	0.75	0.81	0.83	VMPYX
VMPAX	0.98	0.95		0.71	0.71	0.73	0.71	0.75	0.89	0.8	VMPAX
EMGYX	0.68	0.68	0.71		1.0	0.89	1.0	0.64	0.86	0.67	EMGYX
EMGNX	0.68	0.68	0.71	1.0		0.89	1.0	0.65	0.86	0.68	EMGNX
EMGCX	0.7	0.69	0.73	0.89	0.89		0.89	0.6	0.81	0.63	EMGCX
EMGAX	0.68	0.68	0.71	1.0	1.0	0.89		0.64	0.86	0.67	EMGAX
SSHIX	0.67	0.75	0.75	0.64	0.65	0.6	0.64		0.68	0.91	SSHIX
WABIX	0.87	0.81	0.89	0.86	0.86	0.81	0.86	0.68		0.76	WABIX
SSTHX	0.76	0.83	0.8	0.67	0.68	0.63	0.67	0.91	0.76		SSTHX
	DHICX	VMPYX	VMPAX	EMGYX	EMGNX	EMGCX	EMGAX	SSHIX	WABIX	SSTHX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHICX	0.11	(0.02)	0.00	(1.24)	0.00	0.00	0.23	(0.23)	0.68
VMPYX	0.11	(0.02)	0.00	0.53	0.00	0.00	0.23	(0.23)	0.68
VMPAX	0.11	(0.01)	0.00	(0.81)	0.00	0.00	0.23	(0.23)	0.68
EMGYX	0.80	0.08	0.11	0.06	1.12	(0.77)	1.45	(1.78)	6.50
EMGNX	0.80	0.08	0.12	0.06	1.10	(0.75)	1.48	(1.80)	6.51
EMGCX	0.77	0.00	0.09	0.02	1.09	(0.76)	1.43	(1.81)	6.45
EMGAX	0.80	0.08	0.11	0.06	1.14	(0.75)	1.46	(1.81)	6.54
SSHIX	0.07	0.01	0.83	(1.22)	0.00	(0.13)	0.12	(0.12)	0.35
WABIX	0.34	0.01	0.00	(0.07)	0.00	0.00	0.66	(0.67)	2.17
SSTHX	0.10	(0.01)	0.63	0.10	0.07	(0.20)	0.26	(0.25)	0.77

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