Wells Fargo Correlations

WFC Stock

USD 96.22 0.16 0.17%

The current 90-days correlation between Wells Fargo and Bank of America is 0.75 (i.e., Poor 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.

Wells Fargo Correlation With Market

Very weak diversification

The correlation between Wells Fargo and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Wells Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wells Fargo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Wells Stock refer to our How to Trade Wells Stock guide.

Moving together with Wells Stock

0.95	C	Citigroup	Pair Corr
0.91	CM	Canadian Imperial Bank	Pair Corr
0.71	NU	Nu Holdings Aggressive Push	Pair Corr
0.93	TD	Toronto Dominion Bank	Pair Corr
0.69	WF	Woori Financial Group	Pair Corr
0.97	BAC	Bank of America	Pair Corr
0.8	BAP	Credicorp	Pair Corr
0.83	BBT	Beacon Financial Symbol Change	Pair Corr
0.8	BCH	Banco De Chile	Pair Corr
0.92	BCS	Barclays PLC ADR	Pair Corr
0.9	BNS	Bank of Nova Scotia	Pair Corr
0.68	BMO	Bank of Montreal	Pair Corr
0.91	BNS	Bank of Nova Scotia	Pair Corr
0.84	ING	ING Group NV	Pair Corr
0.78	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.89	LYG	Lloyds Banking Group	Pair Corr
0.85	MFG	Mizuho Financial	Pair Corr
0.89	USB	US Bancorp	Pair Corr
0.88	NA	National Bank	Pair Corr
0.77	HSBC	HSBC Holdings PLC	Pair Corr
0.72	ITUB	Itau Unibanco Banco Aggressive Push	Pair Corr
0.9	CM	Canadian Imperial Bank	Pair Corr
0.92	RY	Royal Bank	Pair Corr
0.87	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.9	BBVA	Banco Bilbao Viscaya Normal Trading	Pair Corr
0.94	TD	Toronto Dominion Bank	Pair Corr

Moving against Wells Stock

0.65	IBN	ICICI Bank Limited	Pair Corr
0.34	TBCG	TBC Bank Group	Pair Corr
0.62	MSFT	Microsoft Sell-off Trend	Pair Corr

Related Correlations Analysis

	BAC	JPM	TD	NU	C	RY	CM	BMO	BNS	BCS
BAC		0.81	0.88	0.78	0.92	0.87	0.9	0.63	0.9	0.92	BAC
JPM	0.81		0.78	0.64	0.85	0.76	0.76	0.75	0.77	0.86	JPM
TD	0.88	0.78		0.68	0.98	0.99	0.95	0.78	0.96	0.96	TD
NU	0.78	0.64	0.68		0.71	0.71	0.73	0.46	0.78	0.77	NU
C	0.92	0.85	0.98	0.71		0.97	0.93	0.77	0.95	0.97	C
RY	0.87	0.76	0.99	0.71	0.97		0.95	0.78	0.97	0.95	RY
CM	0.9	0.76	0.95	0.73	0.93	0.95		0.68	0.98	0.95	CM
BMO	0.63	0.75	0.78	0.46	0.77	0.78	0.68		0.69	0.75	BMO
BNS	0.9	0.77	0.96	0.78	0.95	0.97	0.98	0.69		0.97	BNS
BCS	0.92	0.86	0.96	0.77	0.97	0.95	0.95	0.75	0.97		BCS
	BAC	JPM	TD	NU	C	RY	CM	BMO	BNS	BCS

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Risk-Adjusted Indicators

There is a big difference between Wells Stock performing well and Wells Fargo Company 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
BAC	0.95	0.11	0.09	0.18	1.08	(1.06)	1.73	(2.16)	7.89
JPM	1.09	0.02	0.03	0.09	1.39	(1.15)	2.34	(1.91)	7.02
TD	0.72	0.23	0.21	0.41	0.53	(0.83)	2.02	(1.68)	4.09
NU	1.48	0.14	0.10	0.16	1.69	(1.54)	3.85	(2.93)	10.26
C	1.21	0.24	0.18	0.23	1.23	(1.30)	2.81	(2.14)	7.42
RY	0.65	0.20	0.23	0.37	0.37	(0.75)	1.46	(1.11)	3.17
CM	0.77	0.18	0.15	0.35	0.75	(0.84)	1.52	(1.48)	5.93
BMO	0.78	(0.02)	(0.02)	0.05	1.10	(0.72)	1.70	(1.77)	4.05
BNS	0.64	0.20	0.18	0.50	0.58	(0.73)	1.65	(1.36)	4.74
BCS	1.22	0.29	0.19	0.32	1.20	(1.33)	2.85	(2.49)	7.21

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