Wells Fargo Correlations
WFNXX 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 |
Related Correlations Analysis
0.73 | 0.68 | 0.86 | 0.83 | TAAKX | ||
0.73 | 0.65 | 0.9 | 0.79 | RHSAX | ||
0.68 | 0.65 | 0.77 | 0.42 | DFELX | ||
0.86 | 0.9 | 0.77 | 0.84 | CMACX | ||
0.83 | 0.79 | 0.42 | 0.84 | OWLSX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TAAKX | 0.61 | (0.02) | 0.00 | (0.03) | 0.00 | 1.01 | 5.92 | |||
RHSAX | 1.03 | (0.01) | 0.00 | 0.05 | 0.00 | 2.02 | 6.50 | |||
DFELX | 0.59 | 0.02 | 0.02 | 0.05 | 0.86 | 1.12 | 3.77 | |||
CMACX | 0.37 | 0.01 | 0.00 | (0.13) | 0.58 | 0.67 | 2.68 | |||
OWLSX | 0.63 | (0.04) | 0.00 | 0.32 | 0.00 | 0.98 | 5.84 |