Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Special
WFMIX Fund  USD 54.10  0.48  0.88%   
The current 90-days correlation between Wells Fargo Special and Wells Fargo Emerging is -0.07 (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

Average diversification

The correlation between Wells Fargo Special and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Special 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 Special. 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 gross domestic product.
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

  0.62SADAX Wells Fargo UltraPairCorr
  0.67SSTHX Wells Fargo ShortPairCorr
  0.91WSCGX Small Pany GrowthPairCorr
  0.78WSCOX Wells Fargo AdvantagePairCorr
  0.77STAFX Wells Fargo LargePairCorr
  0.77STDFX Wells Fargo LargePairCorr
  0.79WSMCX Small Pany GrowthPairCorr
  0.77STOFX Wells Fargo LargePairCorr
  0.77STNFX Wells Fargo LargePairCorr
  0.76STSAX Wells Fargo MonPairCorr
  0.65STYIX Wells Fargo ShortPairCorr
  0.89SCNSX Wells Fargo MonPairCorr
  0.76SCSDX Wells Fargo MonPairCorr

Moving against Wells Mutual Fund

  0.41STYAX Wells Fargo IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
OTCIX
+ 0.95
HFMIX
MEIIX
+ 0.89
HFMIX
OTCIX
+ 0.84
MEIIX
HFMIX
+ 0.31
EMGNX
OTCIX
+ 0.29
EMGNX
MEIIX
+ 0.23
EMGNX
  
High negative correlations   
MWTIX
- 0.67
OTCIX
MWTIX
- 0.65
HFMIX
MWTIX
- 0.52
MEIIX
MWTIX
- 0.02
EMGNX

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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY