Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Diversified
EKBCX Fund  USD 14.54  0.01  0.07%   
The current 90-days correlation between Wells Fargo Diversified and Seafarer Overseas Growth is 0.67 (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

Almost no diversification

The correlation between Wells Fargo Diversified and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Diversified and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Wells Fargo Diversified. 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 main economic indicators.
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

  0.86STRIX Wells Fargo AdvantagePairCorr
  0.98SCSDX Wells Fargo MonPairCorr
  0.93WCAFX Wealthbuilder ConservativePairCorr
  0.92WCCFX Wealthbuilder ConservativePairCorr
  0.98WEMIX Emerging GrowthPairCorr
  0.97WEMAX Emerging GrowthPairCorr
  0.92WFEFX Wells Fargo InternationalPairCorr
  0.95WFSTX Specialized TechnologyPairCorr
  0.99WGBIX Wells Fargo SpectrumPairCorr
  0.85WITIX Intermediate Tax/amt-freePairCorr
  0.94SMAVX Ultra Short TermPairCorr
  0.98WMBFX Wealthbuilder ModeratePairCorr
  0.99CBLSX Cb Large CapPairCorr
  0.99CBLLX Cb Large CapPairCorr
  1.0EKBDX Wells Fargo DiversifiedPairCorr
  0.89EKIZX Wells Fargo AdjustablePairCorr
  0.99EKSDX Wells Fargo DiversifiedPairCorr
  0.61FFIFX American FundsPairCorr
  0.61FAIFX American FundsPairCorr
  0.62IFACX Income FundPairCorr
  0.61IFAFX Income FundPairCorr
  0.97AMECX Income FundPairCorr
  0.61RIDBX Income FundPairCorr
  0.61CIMEX Income FundPairCorr
  0.61RIDFX Income FundPairCorr
  0.98CIMCX Income FundPairCorr
  0.61CIMFX Income FundPairCorr
  0.7GAAKX Gmo Alternative AlloPairCorr
  0.68GAAGX Gmo Alternative AlloPairCorr
  0.64MXEOX Great West EmergingPairCorr
  0.65AAIYX Alger Mid CapPairCorr

Moving against Wells Mutual Fund

  0.58GPMFX Guidepath Managed FuturesPairCorr
  0.43PQTAX Pimco Trends ManagedPairCorr
  0.42PQTNX Pimco Trends ManagedPairCorr
  0.41PQTIX Aa Pimco TrPairCorr

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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