Wells Fargo Correlations

WFCPX Stock

USD 17.08 0.05 0.29%

The current 90-days correlation between Wells Fargo and Western Digital is 0.03 (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 Co and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Co and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Wells Stock please use our How to Invest in Wells Fargo guide.

Moving together with Wells Stock

0.67	RC	Ready Capital Corp	Pair Corr
0.71	RM	Regional Management Corp	Pair Corr
0.78	WU	Western Union Sell-off Trend	Pair Corr

Moving against Wells Stock

0.83	LC	LendingClub Corp	Pair Corr
0.82	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.77	CG	Carlyle Group	Pair Corr
0.74	AB	AllianceBernstein	Pair Corr
0.72	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.7	AC	Associated Capital	Pair Corr
0.67	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.66	MA	Mastercard	Pair Corr
0.65	QD	Qudian Inc	Pair Corr
0.64	LX	Lexinfintech Holdings Trending	Pair Corr
0.62	DIST	Distoken Acquisition	Pair Corr
0.61	BN	Brookfield Corp	Pair Corr
0.57	V	Visa Class A	Pair Corr
0.52	PX	P10 Inc	Pair Corr
0.47	MC	Moelis	Pair Corr
0.38	DHIL	Diamond Hill Investment	Pair Corr
0.78	DYCQ	DT Cloud Acquisition	Pair Corr
0.76	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.71	VCTR	Victory Capital Holdings	Pair Corr
0.71	VRTS	Virtus Investment	Pair Corr
0.66	TW	Tradeweb Markets	Pair Corr
0.66	WT	WisdomTree	Pair Corr
0.66	VINP	Vinci Partners Inves	Pair Corr
0.55	TETEU	Technology Telecommunicatio	Pair Corr
0.51	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.36	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	WDC	IRDM	QTWO	CSIOY	PINS	NTGR	BCE
WDC		0.57	0.43	-0.16	0.34	0.46	-0.27	WDC
IRDM	0.57		0.28	-0.1	0.53	0.45	-0.16	IRDM
QTWO	0.43	0.28		-0.78	-0.17	0.86	-0.94	QTWO
CSIOY	-0.16	-0.1	-0.78		0.26	-0.65	0.83	CSIOY
PINS	0.34	0.53	-0.17	0.26		-0.12	0.22	PINS
NTGR	0.46	0.45	0.86	-0.65	-0.12		-0.82	NTGR
BCE	-0.27	-0.16	-0.94	0.83	0.22	-0.82		BCE
	WDC	IRDM	QTWO	CSIOY	PINS	NTGR	BCE

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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

NTGR	+ 0.86	QTWO
BCE	+ 0.83	CSIOY
IRDM	+ 0.57	WDC
PINS	+ 0.53	IRDM
NTGR	+ 0.46	WDC
NTGR	+ 0.45	IRDM

High negative correlations

BCE	- 0.94	QTWO
BCE	- 0.82	NTGR
CSIOY	- 0.78	QTWO
NTGR	- 0.65	CSIOY
BCE	- 0.27	WDC
PINS	- 0.17	QTWO

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
WDC	1.77	0.06	0.06	0.17	1.74	(2.02)	4.61	(2.94)	11.83
IRDM	2.13	0.22	0.05	0.50	2.78	(2.05)	3.63	(4.52)	17.08
QTWO	1.62	0.38	0.26	0.39	1.23	(1.99)	3.82	(2.54)	18.28
CSIOY	2.18	(0.28)	0.00	(0.49)	0.00	0.00	3.88	(5.00)	12.94
PINS	1.64	0.02	0.00	0.09	0.00	0.00	2.79	(3.30)	17.91
NTGR	2.29	0.55	0.29	0.57	1.53	(2.99)	5.28	(3.74)	34.93
BCE	0.88	(0.37)	0.00	(3.35)	0.00	0.00	1.53	(1.83)	12.47

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