Wells Fargo Correlations

STRFX Fund

USD 6.79 0.04 0.59%

The current 90-days correlation between Wells Fargo Large and Old Westbury Short Term is 0.16 (i.e., Average 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

Average diversification

The correlation between Wells Fargo Large and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Large 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 Large. 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 census.

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

0.71	BAEIX	Sterling Capital Equity	Pair Corr
0.77	BSCIX	Sterling Capital South	Pair Corr
0.85	BSCCX	Sterling Capital South	Pair Corr
0.8	BASCX	Sterling Capital South	Pair Corr
0.81	STMDX	Sterling Capital Stratton	Pair Corr
0.81	STMMX	Sterling Capital Stratton	Pair Corr
0.81	STMOX	Sterling Capital Stratton	Pair Corr
0.77	STRSX	Sterling Capital Special	Pair Corr
0.74	STSCX	Sterling Capital Stratton	Pair Corr
0.73	STSOX	Sterling Capital Stratton	Pair Corr
0.74	STSNX	Sterling Capital Stratton	Pair Corr
0.71	STREX	Sterling Capital Equity	Pair Corr
0.74	STRGX	Sterling Capital Stratton	Pair Corr
0.8	STRBX	Sterling Capital Beh	Pair Corr
0.92	STRDX	Sterling Capital Total	Pair Corr
0.74	STRNX	Sterling Capital Stratton	Pair Corr
0.76	STRMX	Sterling Capital Mid	Pair Corr
0.74	STRLX	Sterling Capital Stratton	Pair Corr
1.0	SCCNX	Sterling Capital Porate	Pair Corr
1.0	SCCMX	Sterling Capital Porate	Pair Corr
1.0	SCCPX	Sterling Capital Porate	Pair Corr
0.88	BBGVX	Sterling Capital Int	Pair Corr
0.73	BBNTX	Sterling Capital North	Pair Corr
0.81	BBNCX	Sterling Capital North	Pair Corr
0.74	SCSIX	Sentinel Multi Asset	Pair Corr
0.92	SCSSX	Sterling Capital Sec	Pair Corr
0.93	SCSTX	Sterling Capital Sec	Pair Corr
0.9	SCSPX	Sterling Capital Sec	Pair Corr
0.81	SCREX	Mfs Variable Insurance	Pair Corr

Moving against Wells Mutual Fund

0.49	BUSIX	Sterling Capital Ultra	Pair Corr
0.46	BUSRX	Sterling Capital Ultra	Pair Corr

Related Correlations Analysis

	OWSBX	AOUNX	FSHAX	DULTX	ASDIX	BDMKX	BXDCX
OWSBX		0.88	0.87	0.83	0.97	0.9	0.92	OWSBX
AOUNX	0.88		0.87	0.95	0.92	0.92	0.95	AOUNX
FSHAX	0.87	0.87		0.78	0.88	0.82	0.89	FSHAX
DULTX	0.83	0.95	0.78		0.87	0.9	0.94	DULTX
ASDIX	0.97	0.92	0.88	0.87		0.95	0.94	ASDIX
BDMKX	0.9	0.92	0.82	0.9	0.95		0.92	BDMKX
BXDCX	0.92	0.95	0.89	0.94	0.94	0.92		BXDCX
	OWSBX	AOUNX	FSHAX	DULTX	ASDIX	BDMKX	BXDCX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OWSBX	0.07	0.00	(0.68)	(0.16)	(0.14)	0.20	(0.10)	0.50
AOUNX	0.05	0.01	(0.71)	2.01	(0.24)	0.10	(0.10)	0.62
FSHAX	0.05	0.00	(0.58)	0.15	(0.13)	0.10	(0.10)	0.51
DULTX	0.04	0.01	0.00	(0.52)	0.00	0.10	0.00	0.71
ASDIX	0.06	0.01	(0.70)	(3.54)	(0.13)	0.20	(0.10)	0.40
BDMKX	0.06	0.02	(0.61)	1.17	(0.12)	0.11	(0.11)	0.34
BXDCX	0.08	0.01	(0.69)	(0.34)	(0.17)	0.33	(0.11)	0.54

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