Wells Fargo Correlations

EGOAX Fund

USD 17.87 0.24 1.36%

The current 90-days correlation between Wells Fargo Large and Wells Fargo Growth is 0.97 (i.e., Almost no 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

Modest diversification

The correlation between Wells Fargo Large and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Wells Fargo Large. 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 nation.

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

0.61	DHICX	Wells Fargo Advantage	Pair Corr
0.85	WSCGX	Small Pany Growth	Pair Corr
0.61	WSCOX	Wells Fargo Advantage	Pair Corr
0.97	STAFX	Wells Fargo Large	Pair Corr
0.97	STDFX	Wells Fargo Large	Pair Corr
0.95	STOFX	Wells Fargo Large	Pair Corr
0.97	STNFX	Wells Fargo Large	Pair Corr
0.93	STSAX	Wells Fargo Mon	Pair Corr
0.68	SCTAX	California Tax Free	Pair Corr
0.69	SCTCX	California Tax Free	Pair Corr
0.91	SCSDX	Wells Fargo Mon	Pair Corr

Related Correlations Analysis

	SGRAX	SOPVX	WFPAX	STAFX	WLCAX
SGRAX		0.97	0.97	0.99	0.95	SGRAX
SOPVX	0.97		0.98	0.98	0.95	SOPVX
WFPAX	0.97	0.98		0.96	0.96	WFPAX
STAFX	0.99	0.98	0.96		0.95	STAFX
WLCAX	0.95	0.95	0.96	0.95		WLCAX
	SGRAX	SOPVX	WFPAX	STAFX	WLCAX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SGRAX	1.61	(0.52)	(0.55)	1.79	(3.01)	29.10
SOPVX	0.79	(0.20)	(0.28)	1.30	(1.59)	10.42
WFPAX	0.68	(0.19)	(0.33)	1.12	(1.12)	6.58
STAFX	1.15	(0.26)	(0.34)	1.69	(2.38)	15.04
WLCAX	0.75	(0.19)	(0.28)	1.21	(1.29)	11.53

Trending Assets

SGRAX

Wells Fargo Growth

23.89 0.42 1.79

WLCAX

Wells Fargo Large

13.96 0.21 1.53

STAFX

Wells Fargo Large

39.41 0.67 1.73

SOPVX

Wells Fargo Opportunity

50.34 0.71 1.43

WFPAX

Wells Fargo Special

46.24 0.38 0.83

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