Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Emerging
EMGCX Fund  USD 24.60  0.11  0.45%   
The current 90-days correlation between Wells Fargo Emerging and Aqr Small Cap is -0.26 (i.e., Very good 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

Good diversification

The correlation between Wells Fargo Emerging and DJI is -0.2 (i.e., Good 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 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

  0.88VEMAX Vanguard Emerging MarketsPairCorr
  0.88VEIEX Vanguard Emerging MarketsPairCorr
  0.88VEMIX Vanguard Emerging MarketsPairCorr
  0.88VEMRX Vanguard Emerging MarketsPairCorr
  0.88FWWNX American Funds NewPairCorr
  0.88FNFWX American Funds NewPairCorr
  0.88NEWFX New World FundPairCorr
  0.88NWFFX New World FundPairCorr
  0.75NEWCX New World FundPairCorr
  0.88ODVYX Oppenheimer DevelopingPairCorr
  0.64GAAKX Gmo Alternative AlloPairCorr
  0.63GAAGX Gmo Alternative AlloPairCorr
  0.62GPBFX Gmo E PlusPairCorr
  0.74AISTX Limited DurationPairCorr
  0.7T ATT IncPairCorr
  0.75IBM International BusinessPairCorr
  0.71GE GE AerospacePairCorr
  0.8CAT CaterpillarPairCorr
  0.72AXP American ExpressPairCorr
  0.73MMM 3M CompanyPairCorr
  0.67MSFT MicrosoftPairCorr
  0.78CSCO Cisco SystemsPairCorr
  0.83DD Dupont De NemoursPairCorr
  0.63BA BoeingPairCorr

Moving against Wells Mutual Fund

  0.47PQTAX Pimco Trends ManagedPairCorr
  0.47PQTNX Pimco Trends ManagedPairCorr
  0.46PQTIX Aa Pimco TrPairCorr
  0.35MCD McDonaldsPairCorr

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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