Wells Fargo Correlations

The current 90-days correlation between Wells Fargo and Goldman Sachs Group is 0.54 (i.e., Very weak 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.

Diversified Banks Banks - Diversified Financial Services NYSE Composite SP 500 Index SP 100 Index SP 100 KBW Bank NYSE 100 Index ARCA Institutional BETTERINVESTING 100 INDEX BTRINVSTNG 100 INDEX FinTech Momentum Dividend Beast Baby Boomer Prospects