Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Diversified
EKSRX Fund  USD 6.15  0.01  0.16%   
The current 90-days correlation between Wells Fargo Diversified and Franklin Growth Opportunities is 0.79 (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

Poor diversification

The correlation between Wells Fargo Diversified and DJI is 0.75 (i.e., Poor 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 metropolitan statistical area.
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

  0.91VMPRX Wells Fargo StrategicPairCorr
  0.98EMGDX Wells Fargo EmergingPairCorr
  0.67WSCJX Wells Fargo SmallPairCorr
  0.69WSCRX Wells Fargo AdvantagePairCorr
  0.98STFFX Wells Fargo LargePairCorr
  0.98WSSRX Wells Fargo ShortPairCorr
  0.82STYJX Wells Fargo CorePairCorr
  0.69WTLVX Wells Fargo LargePairCorr
  0.65SCSRX Wells Fargo MonPairCorr
  0.94SCVJX Wells Fargo SmallPairCorr
  0.72WTRIX Wells Fargo AdvantagePairCorr
  0.63WUSRX Wells Fargo UltraPairCorr
  0.95IPBJX Wells Fargo RealPairCorr
  0.97WDSAX Allspring DisciplinedPairCorr
  0.69EQIRX Wells Fargo EmergingPairCorr
  0.72WEGRX Allspring Emerging GrowthPairCorr
  0.67WENRX Wells Fargo EnterprisePairCorr
  0.97WFATX Wells Fargo IndexPairCorr
  0.71WFCMX Wells Fargo FdsPairCorr
  0.66WFDRX Wells Fargo DiscoveryPairCorr
  0.93WFEHX Wells Fargo InternationalPairCorr
  0.97WFPRX Wells Fargo SpecialPairCorr
  0.65SGRHX Wells Fargo GrowthPairCorr
  0.83MSDRX Wells Fargo ShortPairCorr
  0.65EVSRX Wells Fargo DisciplinedPairCorr
  0.98EGORX Wells Fargo LargePairCorr
  0.64WMBRX Wells Fargo MunicipalPairCorr
  0.98EIVFX Wells Fargo IntrinsicPairCorr
  0.98CBEJX Wells Fargo CbPairCorr
  0.65EKJFX Wells Fargo PremierPairCorr
  0.97VWINX Vanguard Wellesley IncomePairCorr
  0.97VWIAX Vanguard Wellesley IncomePairCorr

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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