Wells Fargo Correlations

WFCNP Stock

USD 2.10 0.00 0.00%

The current 90-days correlation between Wells Fargo and Centuria Capital Group is -0.01 (i.e., Good 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

Poor diversification

The correlation between Wells Fargo and DJI is 0.79 (i.e., Poor 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.

The ability to find closely correlated positions to Wells Fargo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wells Fargo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wells Fargo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wells Fargo to buy it.

Moving together with Wells Pink Sheet

0.65	GDPHF	Godolphin Resources	Pair Corr
0.7	GHM	Graham Earnings Call This Week	Pair Corr
0.78	GGZ	Gabelli Global Small	Pair Corr
0.75	VOD	Vodafone Group PLC Earnings Call This Week	Pair Corr
0.79	BV	BrightView Holdings	Pair Corr
0.82	GPAEF	Grupo Aeroportuario del	Pair Corr
0.62	TNTFF	PostNL NV	Pair Corr
0.81	FHN	First Horizon National	Pair Corr
0.8	NKGN	NKGen Biotech Common	Pair Corr
0.64	MCCK	Mestek Inc	Pair Corr
0.75	AVBH	Avidbank Holdings Common Earnings Call Today	Pair Corr
0.68	EVTZF	Evertz Technologies	Pair Corr
0.61	CRTHF	CARsgen Therapeutics	Pair Corr
0.65	MMS	Maximus Earnings Call This Week	Pair Corr
0.72	ELUXY	Electrolux AB Class	Pair Corr

Moving against Wells Pink Sheet

0.49	BML-PH	Bank of America	Pair Corr
0.43	FSTF	First State Financial	Pair Corr
0.37	BAC-PE	Bank of America	Pair Corr
0.31	LTRBF	Latrobe Magnesium	Pair Corr
0.71	GETR	Getaround	Pair Corr
0.47	345397C43	345397C43	Pair Corr
0.46	03073EAP0	AMERISOURCEBERGEN P 345	Pair Corr

Related Correlations Analysis

	FMBL	PTZIF	CBGPF	NBPVF	FBAK	SPXXF	PSKRF	LRCDF	WTBFB	CNECF
FMBL		0.0	0.65	0.84	0.93	0.0	0.72	0.93	0.86	0.68	FMBL
PTZIF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PTZIF
CBGPF	0.65	0.0		0.57	0.62	0.0	0.3	0.52	0.79	0.73	CBGPF
NBPVF	0.84	0.0	0.57		0.75	0.0	0.61	0.76	0.74	0.63	NBPVF
FBAK	0.93	0.0	0.62	0.75		0.0	0.7	0.88	0.82	0.68	FBAK
SPXXF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SPXXF
PSKRF	0.72	0.0	0.3	0.61	0.7	0.0		0.69	0.58	0.43	PSKRF
LRCDF	0.93	0.0	0.52	0.76	0.88	0.0	0.69		0.78	0.57	LRCDF
WTBFB	0.86	0.0	0.79	0.74	0.82	0.0	0.58	0.78		0.9	WTBFB
CNECF	0.68	0.0	0.73	0.63	0.68	0.0	0.43	0.57	0.9		CNECF
	FMBL	PTZIF	CBGPF	NBPVF	FBAK	SPXXF	PSKRF	LRCDF	WTBFB	CNECF

Please upgrade your account to get full access to Macroaxis premium features

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

FBAK	+ 0.93	FMBL
LRCDF	+ 0.93	FMBL
CNECF	+ 0.9	WTBFB
LRCDF	+ 0.88	FBAK
WTBFB	+ 0.86	FMBL
NBPVF	+ 0.84	FMBL

High negative correlations

CNECF	- 0.0	SPXXF
WTBFB	- 0.0	SPXXF
LRCDF	- 0.0	SPXXF
PSKRF	- 0.0	SPXXF
SPXXF	- 0.0	FBAK
SPXXF	- 0.0	NBPVF

Risk-Adjusted Indicators

There is a big difference between Wells Pink Sheet 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
FMBL	0.32	0.09	0.14	2.06	0.00	(0.52)	1.05	(0.51)	2.75
PTZIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBGPF	0.85	0.20	0.00	(2.03)	0.00	0.00	0.00	0.00	16.50
NBPVF	0.81	0.12	0.03	(1.10)	0.99	(2.54)	4.05	(2.00)	9.76
FBAK	1.03	0.21	0.15	0.59	1.01	(1.16)	2.74	(1.92)	10.88
SPXXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PSKRF	9.29	4.55	0.00	0.48	0.00	0.00	4.25	(0.45)	312.70
LRCDF	1.01	0.38	0.25	1.86	0.52	(1.76)	1.47	(1.24)	18.76
WTBFB	0.58	0.16	0.20	3.64	0.28	(0.82)	1.33	(1.13)	3.88
CNECF	0.18	0.04	0.00	(10.82)	0.00	0.00	0.00	0.00	5.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wells Fargo without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Transaction History Now

Transaction History

View history of all your transactions and understand their impact on performance

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC