Intermediate Taxamt Correlations

Mutual Funds . USA . 
Fund . Intermediate Taxamt Free Fund
WITIX Fund  USD 10.94  0.01  0.09%   
The current 90-days correlation between Intermediate Taxamt and Wells Fargo Advantage is 0.19 (i.e., Average diversification). The correlation of Intermediate Taxamt 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.

Intermediate Taxamt Correlation With Market

Very good diversification

The correlation between Intermediate Taxamt Free Fund and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Taxamt Free Fund 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 Intermediate Taxamt Free Fund. 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.

Moving together with Intermediate Mutual Fund

  0.88DHICX Wells Fargo AdvantagePairCorr
  0.86VMPYX Wells Fargo AdvantagePairCorr
  0.87VMPAX Wells Fargo AdvantagePairCorr
  0.67SSHIX Wells Fargo ShortPairCorr
  0.73SSTVX Wells Fargo ShortPairCorr
  0.74WSBIX Short Term MunicipalPairCorr
  0.77WSGIX Wells Fargo ShortPairCorr
  0.77WSIAX Wells Fargo StrategicPairCorr
  0.77WSIDX Wells Fargo StrategicPairCorr
  0.79WSICX Wells Fargo StrategicPairCorr
  0.76WSINX Wells Fargo StrategicPairCorr
  0.75WSMAX Short Term MunicipalPairCorr
  0.7WSSCX Short Term MunicipalPairCorr
  0.76WSTMX Short Term MunicipalPairCorr
  0.87STRIX Wells Fargo AdvantagePairCorr
  0.66STYAX Wells Fargo IncomePairCorr
  0.99SCTAX California Tax FreePairCorr
  0.98SCTCX California Tax FreePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate Taxamt 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 Intermediate Taxamt'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DHICX  0.08 (0.01)(0.48)(0.20) 0.11 
(0.15)
 0.22 
(0.22)
 0.79 
VMPYX  0.09 (0.01)(0.50)(0.13) 0.09 
(0.17)
 0.23 
(0.22)
 0.79 
VMPAX  0.09  0.00 (0.46)(0.07) 0.09 
(0.16)
 0.23 
(0.23)
 0.79 
SADAX  0.06  0.01 (0.92)(0.67) 0.00 
(0.17)
 0.12 
(0.11)
 0.46 
SADIX  0.06  0.01 (0.88)(1.26) 0.00 
(0.19)
 0.11 
(0.11)
 0.57 
EMGYX  0.65 (0.04)(0.12) 0.00  0.99 
(0.61)
 1.28 
(1.76)
 5.15 
EMGNX  0.65 (0.04)(0.12) 0.00  1.00 
(0.59)
 1.23 
(1.75)
 5.20 
EMGCX  0.65  0.00  0.00  0.12  0.00 
 0.00 
 1.27 
(1.75)
 5.16 
EMGAX  0.65 (0.04)(0.12) 0.00  0.98 
(0.61)
 1.28 
(1.75)
 5.16 
SSHIX  0.09  0.00 (0.85)(0.07) 0.00 
(0.14)
 0.23 
(0.12)
 0.59 

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