Wells Fargo Correlations

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.

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Moving together with Wells Mutual Fund

0.66	VBIRX	Vanguard Short Term	Pair Corr
0.72	VFSUX	Vanguard Short Term	Pair Corr
0.73	VFSIX	Vanguard Short Term	Pair Corr
0.81	VFSTX	Vanguard Short Term	Pair Corr
0.75	VBITX	Vanguard Short Term	Pair Corr
0.75	VBISX	Vanguard Short Term	Pair Corr
0.69	LALDX	Lord Abbett Short	Pair Corr
0.82	VSCSX	Vanguard Short Term	Pair Corr
0.82	LDLAX	Lord Abbett Short	Pair Corr
0.8	LDLRX	Lord Abbett Short	Pair Corr

Moving against Wells Mutual Fund

0.36	FSRBX	Banking Portfolio Banking	Pair Corr
0.49	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	URFRX	CMACX	HBAIX	BIMPX	FHRVX	TDIFX	SMOAX	RERPX
URFRX		0.94	0.89	0.81	0.44	0.75	0.59	0.79	URFRX
CMACX	0.94		0.86	0.93	0.63	0.87	0.77	0.88	CMACX
HBAIX	0.89	0.86		0.77	0.59	0.73	0.57	0.71	HBAIX
BIMPX	0.81	0.93	0.77		0.75	0.93	0.88	0.9	BIMPX
FHRVX	0.44	0.63	0.59	0.75		0.85	0.9	0.8	FHRVX
TDIFX	0.75	0.87	0.73	0.93	0.85		0.95	0.96	TDIFX
SMOAX	0.59	0.77	0.57	0.88	0.9	0.95		0.92	SMOAX
RERPX	0.79	0.88	0.71	0.9	0.8	0.96	0.92		RERPX
	URFRX	CMACX	HBAIX	BIMPX	FHRVX	TDIFX	SMOAX	RERPX

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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
URFRX	0.43	0.02	(0.16)	1.18	0.51	(0.48)	0.95	(0.80)	2.44
CMACX	0.35	0.01	(0.22)	0.51	0.43	(0.36)	0.72	(0.71)	2.02
HBAIX	0.35	(0.03)	(0.18)	0.06	0.42	(0.38)	0.83	(0.68)	2.05
BIMPX	0.25	0.00	(0.31)	0.11	0.25	(0.35)	0.68	(0.60)	1.58
FHRVX	0.25	(0.03)	(0.39)	(0.01)	0.29	(0.28)	0.56	(0.55)	1.54
TDIFX	0.16	0.00	(0.51)	0.12	0.15	(0.18)	0.35	(0.26)	0.95
SMOAX	0.20	0.00	(0.44)	0.09	0.19	(0.24)	0.34	(0.42)	1.10
RERPX	0.26	0.00	(0.30)	0.30	0.31	(0.29)	0.55	(0.62)	1.57

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Wells Fargo Correlations

Moving together with Wells Mutual Fund

Moving against Wells Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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