Wells Fargo Correlations
| WCIIX Fund | USD 9.96 0.00 0.00% |
The current 90-days correlation between Wells Fargo Servative and Wells Fargo Advantage is 0.01 (i.e., Significant 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 Servative and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Servative and DJI in the same portfolio, assuming nothing else is changed.
Wells |
Moving together with Wells Mutual Fund
| 0.89 | SADAX | Wells Fargo Ultra | PairCorr |
| 0.91 | SADIX | Wells Fargo Ultra | PairCorr |
| 0.81 | SSTHX | Wells Fargo Short | PairCorr |
| 0.8 | STAFX | Wells Fargo Large | PairCorr |
| 0.8 | STDFX | Wells Fargo Large | PairCorr |
| 0.8 | STOFX | Wells Fargo Large | PairCorr |
| 0.8 | STNFX | Wells Fargo Large | PairCorr |
| 0.83 | STYIX | Wells Fargo Short | PairCorr |
Moving against Wells Mutual Fund
| 0.76 | STYAX | Wells Fargo Income | PairCorr |
| 0.46 | WCCFX | Wealthbuilder Conservative | PairCorr |
| 0.39 | WCAFX | Wealthbuilder Conservative | PairCorr |
| 0.33 | SCTCX | California Tax Free | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DHICX | 0.08 | (0.01) | (0.48) | (0.20) | 0.11 | 0.22 | 0.79 | |||
| VMPYX | 0.09 | (0.01) | (0.50) | (0.13) | 0.09 | 0.23 | 0.79 | |||
| VMPAX | 0.09 | 0.00 | (0.46) | (0.07) | 0.09 | 0.23 | 0.79 | |||
| SADAX | 0.06 | 0.01 | (0.92) | (0.67) | 0.00 | 0.12 | 0.46 | |||
| SADIX | 0.06 | 0.01 | (0.88) | (1.26) | 0.00 | 0.11 | 0.57 | |||
| EMGYX | 0.65 | (0.04) | (0.12) | 0.00 | 0.99 | 1.28 | 5.15 | |||
| EMGNX | 0.65 | (0.04) | (0.12) | 0.00 | 1.00 | 1.23 | 5.20 | |||
| EMGCX | 0.65 | 0.00 | 0.00 | 0.12 | 0.00 | 1.27 | 5.16 | |||
| EMGAX | 0.65 | (0.04) | (0.12) | 0.00 | 0.98 | 1.28 | 5.16 | |||
| SSHIX | 0.09 | 0.00 | (0.85) | (0.07) | 0.00 | 0.23 | 0.59 |
Wells Fargo Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Wells Fargo mutual fund to make a market-neutral strategy. Peer analysis of Wells Fargo could also be used in its relative valuation, which is a method of valuing Wells Fargo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |