Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Large
STAFX Fund  USD 43.87  0.07  0.16%   
The current 90-days correlation between Wells Fargo Large and Jpmorgan Equity Fund is 0.13 (i.e., Average 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 Large and DJI is 0.82 (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 Large and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Wells Fargo Large. 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 census.
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

  0.9DHICX Wells Fargo AdvantagePairCorr
  0.9VMPYX Wells Fargo AdvantagePairCorr
  0.91VMPAX Wells Fargo AdvantagePairCorr
  0.95SADAX Wells Fargo UltraPairCorr
  0.95SADIX Wells Fargo UltraPairCorr
  0.99EMGYX Wells Fargo EmergingPairCorr
  0.99EMGNX Wells Fargo EmergingPairCorr
  0.98EMGCX Wells Fargo EmergingPairCorr
  0.98EMGAX Wells Fargo EmergingPairCorr
  0.92SSHIX Wells Fargo ShortPairCorr
  0.97SSTHX Wells Fargo ShortPairCorr
  0.92SSTVX Wells Fargo ShortPairCorr
  0.99WSCGX Small Pany GrowthPairCorr
  0.99WSCOX Wells Fargo AdvantagePairCorr
  0.95WSBIX Short Term MunicipalPairCorr
  0.76WSGIX Wells Fargo ShortPairCorr
  1.0STDFX Wells Fargo LargePairCorr
  0.92WSIAX Wells Fargo StrategicPairCorr
  0.92WSIDX Wells Fargo StrategicPairCorr
  0.92WSICX Wells Fargo StrategicPairCorr
  0.93WSINX Wells Fargo StrategicPairCorr
  0.95WSMAX Short Term MunicipalPairCorr
  0.99WSMCX Small Pany GrowthPairCorr
  0.95WSSCX Short Term MunicipalPairCorr
  0.95WSTMX Short Term MunicipalPairCorr
  1.0STOFX Wells Fargo LargePairCorr
  1.0STNFX Wells Fargo LargePairCorr
  0.98STSAX Wells Fargo MonPairCorr
  0.92STRIX Wells Fargo AdvantagePairCorr
  0.75STYAX Wells Fargo IncomePairCorr
  0.98STYIX Wells Fargo ShortPairCorr
  0.98SCNSX Wells Fargo MonPairCorr
  0.98SCSDX Wells Fargo MonPairCorr

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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