Wells Fargo Correlations

WFEFX Fund

USD 13.11 0.11 0.85%

The current 90-days correlation between Wells Fargo International and Blackrock Moderate Prepared is 0.63 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

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

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

Moving together with WELLS Mutual Fund

0.7	EMGYX	Wells Fargo Emerging	Pair Corr
0.7	EMGNX	Wells Fargo Emerging	Pair Corr
0.69	EMGCX	Wells Fargo Emerging	Pair Corr
0.7	EMGAX	Wells Fargo Emerging	Pair Corr

Related Correlations Analysis

	BIMPX	CMACX	WMBFX	VRRJX	TCTZX	JLKSX	HBACX	WBRMEX
BIMPX		0.82	0.94	0.86	0.98	0.81	0.88	0.69	BIMPX
CMACX	0.82		0.86	0.95	0.86	0.99	0.92	0.86	CMACX
WMBFX	0.94	0.86		0.84	0.95	0.85	0.83	0.72	WMBFX
VRRJX	0.86	0.95	0.84		0.89	0.95	0.99	0.87	VRRJX
TCTZX	0.98	0.86	0.95	0.89		0.85	0.9	0.75	TCTZX
JLKSX	0.81	0.99	0.85	0.95	0.85		0.92	0.87	JLKSX
HBACX	0.88	0.92	0.83	0.99	0.9	0.92		0.86	HBACX
WBRMEX	0.69	0.86	0.72	0.87	0.75	0.87	0.86		WBRMEX
	BIMPX	CMACX	WMBFX	VRRJX	TCTZX	JLKSX	HBACX	WBRMEX

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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
BIMPX	0.31	0.02	(0.14)	0.79	0.41	(0.35)	0.69	(0.62)	2.55
CMACX	0.38	(0.01)	(0.12)	0.04	0.60	(0.36)	0.73	(0.92)	2.88
WMBFX	0.32	0.00	(0.16)	(0.08)	0.50	(0.33)	0.59	(0.68)	2.72
VRRJX	0.40	(0.01)	(0.10)	0.06	0.59	(0.43)	0.96	(0.74)	3.25
TCTZX	0.26	0.01	(0.17)	0.88	0.33	(0.29)	0.61	(0.61)	1.95
JLKSX	0.55	(0.01)	(0.07)	0.07	0.81	(0.58)	1.22	(1.39)	4.51
HBACX	0.37	0.01	(0.10)	0.12	0.55	(0.37)	0.79	(0.70)	2.93
WBRMEX	0.72	0.03	(0.02)	0.14	0.93	(0.77)	1.63	(1.15)	7.98

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Wells Fargo Correlations

Moving together with WELLS Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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