Wells Fargo Correlations

Preferred Stocks . USA . 
Preferred Stock . Wells Fargo
WFC-PL Preferred Stock  USD 1,205  14.94  1.26%   
The current 90-days correlation between Wells Fargo and Wells Fargo is 0.73 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wells Fargo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wells Fargo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Wells Fargo Correlation With Market

Average diversification

The correlation between Wells Fargo 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 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Wells Fargo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wells Fargo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wells Fargo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wells Fargo to buy it.

Moving together with Wells Preferred Stock

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  0.63SAN Banco Santander SAPairCorr
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  0.91BAC-PL Bank of AmericaPairCorr
  0.64BAC-PQ Bank of AmericaPairCorr
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  0.61BAC-PS Bank of AmericaPairCorr
  0.62SMFG Sumitomo Mitsui Financial Normal TradingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wells Preferred Stock performing well and Wells Fargo Company 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wells Fargo without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Wells Fargo Corporate Management

Muneera CarrEx OfficerProfile
Saul BeurdenEVP TechnologyProfile
Charles ScharfCEO PresProfile
Scott PowellEVP COOProfile
Jonathan WeissSr BankingProfile
John CampbellDirector RelationsProfile
JD EsqSr CounselProfile
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