Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Diversified
EKBDX Fund  USD 14.08  0.25  1.81%   
The current 90-days correlation between Wells Fargo Diversified and Wells Fargo Diversified is 1.0 (i.e., No risk reduction). 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 0.25 (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 unemployment.
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

  0.85WSCGX Small Pany GrowthPairCorr
  0.92WSCOX Wells Fargo AdvantagePairCorr
  0.85STAFX Wells Fargo LargePairCorr
  0.85STDFX Wells Fargo LargePairCorr
  0.78WSMCX Small Pany GrowthPairCorr
  0.81STOFX Wells Fargo LargePairCorr
  0.85STNFX Wells Fargo LargePairCorr
  0.84STSAX Wells Fargo MonPairCorr
  0.89SCNSX Wells Fargo MonPairCorr
  0.83SCSDX Wells Fargo MonPairCorr
  0.83SCSAX Wells Fargo MonPairCorr
  0.82SCVAX Small Pany ValuePairCorr

Moving against Wells Mutual Fund

  0.34SADAX Wells Fargo UltraPairCorr
  0.34SADIX Wells Fargo UltraPairCorr
  0.32WSGIX Wells Fargo ShortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
EKBYX
+ 1.0
EKBAX
BTBFX
+ 0.85
EKBAX
BTBFX
+ 0.84
EKBYX
EKWDX
+ 0.37
BTBFX
EKWDX
+ 0.3
EKBAX
EKWDX
+ 0.3
EKBYX
  
High negative correlations   
EKWDX
- 0.01
EKSDX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY