Wells Fargo Correlations
| WFAIX Fund | USD 37.93 0.02 0.05% |
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
Poor diversification
The correlation between Wells Fargo Index and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Index and DJI in the same portfolio, assuming nothing else is changed.
Wells |
Moving together with Wells Mutual Fund
| 0.8 | WSCGX | Small Pany Growth | PairCorr |
| 0.86 | WSCOX | Wells Fargo Advantage | PairCorr |
| 0.84 | SCSDX | Wells Fargo Mon | PairCorr |
| 0.82 | SCSAX | Wells Fargo Mon | PairCorr |
| 0.79 | WEAYX | Wells Fargo Spectrum | PairCorr |
| 0.65 | WWIDX | Wells Fargo Large | PairCorr |
| 0.88 | WFDDX | Wells Fargo Discovery | PairCorr |
| 0.67 | EAAFX | Wells Fargo Advantage | PairCorr |
| 0.9 | WFEIX | Wells Fargo Enterprise | PairCorr |
Moving against Wells Mutual Fund
| 0.47 | SADAX | Wells Fargo Ultra | PairCorr |
| 0.45 | SSTVX | Wells Fargo Short | PairCorr |
| 0.43 | SSHIX | Wells Fargo Short | PairCorr |
| 0.38 | MNTRX | Total Return Bond | PairCorr |
| 0.34 | WSBIX | Short Term Municipal | PairCorr |
| 0.42 | WUSTX | Wells Fargo Ultra | PairCorr |
| 0.4 | WUSMX | Ultra Short Term | PairCorr |
| 0.38 | WFEFX | Wells Fargo International | PairCorr |
| 0.38 | WFENX | Wells Fargo International | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JRSXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | STPXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HEWXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | QCMMIX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JRSXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STPXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HEWXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QCMMIX | 0.02 | 0.01 | 0.00 | (2.86) | 0.00 | 0.03 | 0.03 |