Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Emerging
EMGAX Fund  USD 28.80  0.14  0.48%   
The current 90-days correlation between Wells Fargo Emerging and Mfs International Value is 0.85 (i.e., Very 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

Very poor diversification

The correlation between Wells Fargo Emerging and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Emerging 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 Emerging. 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 nation.
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

  0.79SADAX Wells Fargo UltraPairCorr
  0.8SADIX Wells Fargo UltraPairCorr
  1.0EMGYX Wells Fargo EmergingPairCorr
  1.0EMGNX Wells Fargo EmergingPairCorr
  0.96EMGCX Wells Fargo EmergingPairCorr
  0.81SSHIX Wells Fargo ShortPairCorr
  0.93SSTHX Wells Fargo ShortPairCorr
  0.78SSTVX Wells Fargo ShortPairCorr
  0.95WSCGX Small Pany GrowthPairCorr
  0.9WSCOX Wells Fargo AdvantagePairCorr
  0.96STAFX Wells Fargo LargePairCorr
  0.96STDFX Wells Fargo LargePairCorr
  0.72WSIAX Wells Fargo StrategicPairCorr
  0.86WSIDX Wells Fargo StrategicPairCorr
  0.67WSINX Wells Fargo StrategicPairCorr
  0.69WSMAX Short Term MunicipalPairCorr
  0.89WSMCX Small Pany GrowthPairCorr
  0.96STOFX Wells Fargo LargePairCorr
  0.96STNFX Wells Fargo LargePairCorr
  0.93STSAX Wells Fargo MonPairCorr
  0.96STYIX Wells Fargo ShortPairCorr
  0.93SCNSX Wells Fargo MonPairCorr
  0.93SCSDX Wells Fargo MonPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY