Wells Fargo Correlations

WUSTX Fund

USD 8.81 0.01 0.11%

The current 90-days correlation between Wells Fargo Ultra and Deutsche Gold Precious is 0.01 (i.e., Significant 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

Average diversification

The correlation between Wells Fargo Ultra and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Ultra and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wells Fargo Ultra. 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 estimate.

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

0.68	SADAX	Wells Fargo Ultra	Pair Corr
0.71	SADIX	Wells Fargo Ultra	Pair Corr
0.83	SSTHX	Wells Fargo Short	Pair Corr

Moving against Wells Mutual Fund

0.46	EMGCX	Wells Fargo Emerging	Pair Corr
0.45	EMGAX	Wells Fargo Emerging	Pair Corr
0.44	EMGYX	Wells Fargo Emerging	Pair Corr
0.43	EMGNX	Wells Fargo Emerging	Pair Corr

Related Correlations Analysis

	SGDIX	MXKJX	IIGCX	GLDAX	VGSBX	FRGOX	GLRBX	SPPIX
SGDIX		-0.14	0.99	0.94	0.54	0.92	0.51	-0.98	SGDIX
MXKJX	-0.14		-0.17	-0.07	0.22	-0.01	0.44	0.2	MXKJX
IIGCX	0.99	-0.17		0.94	0.49	0.92	0.5	-0.98	IIGCX
GLDAX	0.94	-0.07	0.94		0.53	0.94	0.55	-0.91	GLDAX
VGSBX	0.54	0.22	0.49	0.53		0.62	0.67	-0.55	VGSBX
FRGOX	0.92	-0.01	0.92	0.94	0.62		0.66	-0.92	FRGOX
GLRBX	0.51	0.44	0.5	0.55	0.67	0.66		-0.53	GLRBX
SPPIX	-0.98	0.2	-0.98	-0.91	-0.55	-0.92	-0.53		SPPIX
	SGDIX	MXKJX	IIGCX	GLDAX	VGSBX	FRGOX	GLRBX	SPPIX

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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

IIGCX	+ 0.99	SGDIX
GLDAX	+ 0.94	SGDIX
GLDAX	+ 0.94	IIGCX
FRGOX	+ 0.94	GLDAX
FRGOX	+ 0.92	SGDIX
FRGOX	+ 0.92	IIGCX

High negative correlations

SPPIX	- 0.98	IIGCX
SPPIX	- 0.98	SGDIX
SPPIX	- 0.92	FRGOX
SPPIX	- 0.91	GLDAX
SPPIX	- 0.55	VGSBX
SPPIX	- 0.53	GLRBX

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
SGDIX	1.32	(0.06)	0.00	(0.41)	0.00	0.00	2.66	(2.70)	8.33
MXKJX	0.77	(0.18)	0.00	(3.75)	0.00	0.00	1.21	(1.23)	6.16
IIGCX	1.36	(0.05)	0.00	(0.22)	0.00	0.00	2.66	(3.04)	8.66
GLDAX	1.33	(0.14)	0.00	(0.85)	0.00	0.00	2.64	(2.91)	8.38
VGSBX	0.25	(0.06)	0.00	(1.01)	0.00	0.00	0.43	(0.64)	1.83
FRGOX	1.53	(0.29)	0.00	(1.62)	0.00	0.00	2.79	(3.63)	15.97
GLRBX	0.37	(0.05)	0.00	(0.37)	0.00	0.00	0.61	(0.70)	3.19
SPPIX	1.52	0.10	0.04	(0.34)	1.99	(1.54)	3.24	(3.29)	10.54

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