Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Short Term
WFSHX Fund  USD 8.55  0.01  0.12%   
The current 90-days correlation between Wells Fargo Short and Flexible Bond Portfolio is 0.73 (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.

Wells Fargo Correlation With Market

Significant diversification

The correlation between Wells Fargo Short Term and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Short Term 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 Short Term. 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 rate.
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

  0.9SADAX Wells Fargo UltraPairCorr
  0.9SADIX Wells Fargo UltraPairCorr
  0.99SSHIX Wells Fargo ShortPairCorr
  0.61WABIX Wells Fargo AdvantagePairCorr
  0.91SSTHX Wells Fargo ShortPairCorr
  0.99SSTVX Wells Fargo ShortPairCorr
  0.79WSBIX Short Term MunicipalPairCorr
  0.61WARDX Wells Fargo AdvantagePairCorr
  0.93WSGIX Wells Fargo ShortPairCorr
  0.86WSIAX Wells Fargo StrategicPairCorr
  0.87WSIDX Wells Fargo StrategicPairCorr
  0.77WSICX Wells Fargo StrategicPairCorr
  0.88WSINX Wells Fargo StrategicPairCorr
  0.81WSMAX Short Term MunicipalPairCorr
  0.73WSSCX Short Term MunicipalPairCorr
  0.79WSTMX Short Term MunicipalPairCorr
  0.92STYIX Wells Fargo ShortPairCorr

Moving against Wells Mutual Fund

  0.48WSCGX Small Pany GrowthPairCorr
  0.42WSCOX Wells Fargo AdvantagePairCorr
  0.52STSAX Wells Fargo MonPairCorr
  0.51WSMCX Small Pany GrowthPairCorr
  0.45STOFX Wells Fargo LargePairCorr
  0.41STAFX Wells Fargo LargePairCorr
  0.41STDFX Wells Fargo LargePairCorr
  0.4STNFX Wells Fargo LargePairCorr
  0.49SCNSX Wells Fargo MonPairCorr
  0.49SCSDX Wells Fargo MonPairCorr
  0.49SCSAX Wells Fargo MonPairCorr
  0.47SCVFX Small Pany ValuePairCorr
  0.45SCVAX Small Pany ValuePairCorr
  0.45SCVIX Small Pany ValuePairCorr

Related Correlations Analysis

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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.

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