Wells Fargo Correlations
| PRVXX Fund | USD 1.00 0.00 0.00% |
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 |
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Risk-Adjusted Indicators
There is a big difference between Wells Money Market Fund performing well and Wells Fargo Money Market 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGYAX | 0.15 | 0.02 | 0.00 | 0.52 | 0.00 | 0.56 | 1.27 | |||
| TIMTX | 0.20 | (0.02) | 0.00 | (0.38) | 0.00 | 0.38 | 1.50 | |||
| MSTBX | 0.10 | (0.01) | (0.15) | (0.22) | 0.09 | 0.21 | 0.62 | |||
| NSIOX | 0.19 | (0.02) | 0.00 | (0.29) | 0.00 | 0.41 | 1.61 | |||
| TBGAX | 0.23 | (0.02) | 0.00 | (0.28) | 0.00 | 0.46 | 1.75 | |||
| MDMTX | 0.21 | (0.02) | 0.00 | (0.22) | 0.00 | 0.48 | 1.72 | |||
| TTRBX | 0.16 | (0.02) | 0.00 | (0.44) | 0.00 | 0.41 | 1.01 | |||
| LCCMX | 0.11 | 0.04 | 0.00 | 1.73 | 0.00 | 0.25 | 1.84 |