Wells Fargo Correlations

STYAX Fund

USD 11.33 0.02 0.18%

The current 90-days correlation between Wells Fargo Income and Capital World Bond is 0.22 (i.e., Modest 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

Weak diversification

The correlation between Wells Fargo Income and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Income 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 Income. 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

0.62	WARAX	Wells Fargo Advantage	Pair Corr
0.69	WARCX	Wells Fargo Advantage	Pair Corr
0.74	WSIAX	Wells Fargo Strategic	Pair Corr
0.71	WSINX	Wells Fargo Strategic	Pair Corr
0.61	WCAFX	Wealthbuilder Conservative	Pair Corr
0.63	WCCFX	Wealthbuilder Conservative	Pair Corr
0.72	MNTRX	Total Return Bond	Pair Corr
0.66	WCYFX	Wells Fargo Wealthbuilder	Pair Corr
0.63	IPBAX	Inflation Protected	Pair Corr
0.66	IPBNX	Wells Fargo Real	Pair Corr

Related Correlations Analysis

	RCWAX	WBFFX	BUBSX	IICIX	TSIIX	CBDYX	CLREX	BIMSX	BSBSX	PTIAX
RCWAX		0.99	-0.09	0.46	0.36	0.32	0.32	0.38	0.17	0.61	RCWAX
WBFFX	0.99		0.02	0.47	0.45	0.43	0.42	0.44	0.27	0.61	WBFFX
BUBSX	-0.09	0.02		0.28	0.75	0.65	0.65	0.65	0.89	0.16	BUBSX
IICIX	0.46	0.47	0.28		0.69	0.09	0.09	0.79	0.51	0.89	IICIX
TSIIX	0.36	0.45	0.75	0.69		0.69	0.68	0.86	0.9	0.57	TSIIX
CBDYX	0.32	0.43	0.65	0.09	0.69		1.0	0.44	0.69	0.13	CBDYX
CLREX	0.32	0.42	0.65	0.09	0.68	1.0		0.44	0.69	0.13	CLREX
BIMSX	0.38	0.44	0.65	0.79	0.86	0.44	0.44		0.87	0.76	BIMSX
BSBSX	0.17	0.27	0.89	0.51	0.9	0.69	0.69	0.87		0.42	BSBSX
PTIAX	0.61	0.61	0.16	0.89	0.57	0.13	0.13	0.76	0.42		PTIAX
	RCWAX	WBFFX	BUBSX	IICIX	TSIIX	CBDYX	CLREX	BIMSX	BSBSX	PTIAX

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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

CLREX	+ 1.0	CBDYX
WBFFX	+ 0.99	RCWAX
BSBSX	+ 0.9	TSIIX
BSBSX	+ 0.89	BUBSX
PTIAX	+ 0.89	IICIX
BSBSX	+ 0.87	BIMSX

High negative correlations

BUBSX

- 0.09

RCWAX

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
RCWAX	0.16	(0.01)	0.00	(0.24)	0.00	0.00	0.37	(0.25)	0.74
WBFFX	0.16	(0.01)	(0.35)	(0.21)	0.18	(0.19)	0.37	(0.31)	0.80
BUBSX	0.03	0.00	0.00	(0.11)	0.00	0.00	0.10	0.00	0.69
IICIX	0.14	0.00	(0.29)	(0.04)	0.14	(0.18)	0.34	(0.34)	0.79
TSIIX	0.11	0.00	(0.42)	0.11	0.01	(0.14)	0.26	(0.17)	0.61
CBDYX	0.45	0.07	0.06	0.20	0.39	(0.50)	0.97	(0.75)	5.12
CLREX	0.45	0.07	0.06	0.21	0.39	(0.50)	0.96	(0.76)	5.21
BIMSX	0.09	0.00	(0.44)	(0.51)	0.00	(0.14)	0.18	(0.18)	0.63
BSBSX	0.05	0.00	(0.36)	0.39	0.00	(0.11)	0.10	(0.10)	0.52
PTIAX	0.16	0.01	(0.27)	(1.56)	0.13	(0.19)	0.35	(0.35)	1.01

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