Wells Fargo Correlations

EMGCX Fund

USD 21.23 0.01 0.05%

The current 90-days correlation between Wells Fargo Emerging and Touchstone Sands Capital is -0.05 (i.e., Good 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

Good diversification

The correlation between Wells Fargo Emerging and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Emerging 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 Emerging. 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

0.95	EMGNX	Wells Fargo Emerging	Pair Corr
0.63	WARCX	Wells Fargo Advantage	Pair Corr
0.94	VEMAX	Vanguard Emerging Markets	Pair Corr
0.94	VEIEX	Vanguard Emerging Markets	Pair Corr
0.93	VEMIX	Vanguard Emerging Markets	Pair Corr
0.93	VEMRX	Vanguard Emerging Markets	Pair Corr
0.98	FWWNX	American Funds New	Pair Corr
0.98	FNFWX	American Funds New	Pair Corr
0.93	NEWFX	New World Fund	Pair Corr
0.93	NWFFX	New World Fund	Pair Corr
0.93	NEWCX	New World Fund	Pair Corr
0.92	ODVYX	Oppenheimer Developing	Pair Corr
0.69	NHS	Neuberger Berman High	Pair Corr
0.63	WHIYX	Ivy High Income	Pair Corr

Moving against Wells Mutual Fund

0.65

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	TEGCX	TMSSX	EPEIX	VEIEX	PACEX	REMVX	APDOX
TEGCX		0.54	0.95	0.92	0.81	0.96	0.4	TEGCX
TMSSX	0.54		0.59	0.76	0.69	0.53	0.92	TMSSX
EPEIX	0.95	0.59		0.96	0.87	0.98	0.44	EPEIX
VEIEX	0.92	0.76	0.96		0.87	0.94	0.62	VEIEX
PACEX	0.81	0.69	0.87	0.87		0.8	0.65	PACEX
REMVX	0.96	0.53	0.98	0.94	0.8		0.37	REMVX
APDOX	0.4	0.92	0.44	0.62	0.65	0.37		APDOX
	TEGCX	TMSSX	EPEIX	VEIEX	PACEX	REMVX	APDOX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEGCX	0.67	(0.06)	(0.12)	(0.01)	0.95	(0.68)	1.58	(1.67)	4.99
TMSSX	0.12	(0.01)	(0.65)	0.06	0.00	(0.17)	0.31	(0.21)	0.73
EPEIX	0.74	(0.02)	(0.12)	(0.05)	1.00	(0.76)	1.57	(1.61)	6.52
VEIEX	0.71	(0.03)	(0.12)	0.04	0.85	(0.78)	1.55	(1.68)	4.60
PACEX	0.12	0.00	(0.72)	0.33	0.00	(0.22)	0.32	(0.22)	0.97
REMVX	0.85	(0.08)	0.00	(0.08)	0.00	0.00	1.74	(2.04)	6.85
APDOX	0.14	0.03	(0.53)	3.31	0.00	(0.21)	0.39	(0.19)	0.78

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