Wells Fargo Correlations

SGRAX Fund  USD 22.48  0.09  0.40%   
The current 90-days correlation between Wells Fargo Growth and American Funds The is 0.81 (i.e., Very 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

WellsDowDiversified AwayWellsDowDiversified Away100%

Poor diversification

The correlation between Wells Fargo Growth and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Wells Fargo Growth. 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

  0.91WSCGX Small Pany GrowthPairCorr
  0.96WSCOX Wells Fargo AdvantagePairCorr
  1.0STAFX Wells Fargo LargePairCorr
  1.0STDFX Wells Fargo LargePairCorr
  0.8WSMCX Small Pany GrowthPairCorr
  1.0STOFX Wells Fargo LargePairCorr
  1.0STNFX Wells Fargo LargePairCorr
  0.94STSAX Wells Fargo MonPairCorr
  0.94SCNSX Wells Fargo MonPairCorr
  0.94SCSDX Wells Fargo MonPairCorr

Moving against Wells Mutual Fund

  0.67SSHIX Wells Fargo ShortPairCorr
  0.67SSTVX Wells Fargo ShortPairCorr
  0.64SADAX Wells Fargo UltraPairCorr
  0.61SADIX Wells Fargo UltraPairCorr
  0.56WSBIX Short Term MunicipalPairCorr
  0.49VMPAX Wells Fargo AdvantagePairCorr
  0.47VMPYX Wells Fargo AdvantagePairCorr
  0.39DHICX Wells Fargo AdvantagePairCorr
  0.38SSTHX Wells Fargo ShortPairCorr
  0.35EMGNX Wells Fargo EmergingPairCorr
  0.34EMGYX Wells Fargo EmergingPairCorr
  0.34EMGCX Wells Fargo EmergingPairCorr
  0.34EMGAX Wells Fargo EmergingPairCorr
  0.75WSGIX Wells Fargo ShortPairCorr
  0.56WSINX Wells Fargo StrategicPairCorr
  0.56WSMAX Short Term MunicipalPairCorr
  0.56WSTMX Short Term MunicipalPairCorr
  0.55WSIAX Wells Fargo StrategicPairCorr
  0.55WSIDX Wells Fargo StrategicPairCorr
  0.53WSICX Wells Fargo StrategicPairCorr
  0.51WSSCX Short Term MunicipalPairCorr
  0.47STRIX Wells Fargo AdvantagePairCorr
  0.74MNSGX Wells Fargo ShortPairCorr
  0.69MNTRX Total Return BondPairCorr
  0.64STYAX Wells Fargo IncomePairCorr
  0.53SCTIX California Limited TermPairCorr
  0.4STYIX Wells Fargo ShortPairCorr
  0.36WCAFX Wealthbuilder ConservativePairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FAFGX  1.12 (0.17) 0.00 (0.25) 0.00 
 1.74 
 12.12 
FFAFX  1.12 (0.17) 0.00 (0.25) 0.00 
 1.74 
 12.13 
GFACX  1.14 (0.19) 0.00 (0.27) 0.00 
 1.73 
 13.23 
GFAFX  1.12 (0.17) 0.00 (0.25) 0.00 
 1.74 
 12.16 
AGTHX  0.99 (0.06) 0.00 (0.13) 0.00 
 1.75 
 5.58 
CGFFX  1.12 (0.17) 0.00 (0.25) 0.00 
 1.73 
 12.28 
CGFCX  1.14 (0.19) 0.00 (0.27) 0.00 
 1.74 
 13.22 
CGFAX  1.12 (0.17) 0.00 (0.25) 0.00 
 1.74 
 12.23 
CGFEX  1.12 (0.17) 0.00 (0.25) 0.00 
 1.74 
 12.35 
RGAEX  1.12 (0.17) 0.00 (0.25) 0.00 
 1.74 
 12.20