Wells Fargo Correlations

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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    JQLAX + 0.98 AAAIX LBETX + 0.92 AAAIX LBETX + 0.89 JQLAX JQLAX + 0.81 NEAIX MWHIX + 0.79 WAHSX AAAIX + 0.79 NEAIX

High negative correlations    VWALX - 0.18 LBETX VWALX - 0.06 JQLAX VWALX - 0.01 AAAIX VWALX - 0.0 NEAIX

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.