Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Diversified
EKBCX Fund  USD 13.79  0.20  1.47%   
The current 90-days correlation between Wells Fargo Diversified and Qs Global Equity is 0.73 (i.e., Poor 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 Diversified and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Diversified 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 Diversified. 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 main economic indicators.
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

  0.88WSCGX Small Pany GrowthPairCorr
  0.91STAFX Wells Fargo LargePairCorr
  0.92STNFX Wells Fargo LargePairCorr
  0.9STSAX Wells Fargo MonPairCorr
  0.95SCNSX Wells Fargo MonPairCorr
  0.93SCVAX Small Pany ValuePairCorr
  0.93SCVIX Small Pany ValuePairCorr
  0.92SCVFX Small Pany ValuePairCorr
  0.64WDHYX Wells Fargo ShortPairCorr
  0.7IPBAX Inflation ProtectedPairCorr
  0.7IPBCX Inflation ProtectedPairCorr
  0.95SENAX Wells Fargo EnterprisePairCorr
  0.94SEPKX Wells Fargo EnterprisePairCorr
  0.85WEACX Wealthbuilder EquityPairCorr
  0.71WEMIX Emerging GrowthPairCorr
  0.92WEMAX Emerging GrowthPairCorr
  0.84WFAIX Wells Fargo IndexPairCorr
  0.95WFDAX Wells Fargo DiscoveryPairCorr
  0.79EAAFX Wells Fargo AdvantagePairCorr
  0.94WFEIX Wells Fargo EnterprisePairCorr

Related Correlations Analysis

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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.

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