Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Large
STDFX Fund  USD 45.70  0.07  0.15%   
The current 90-days correlation between Wells Fargo Large and Guidemark Large Cap is 0.58 (i.e., Very weak 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 Large and DJI is 0.73 (i.e., 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

  0.89DHICX Wells Fargo AdvantagePairCorr
  0.9VMPYX Wells Fargo AdvantagePairCorr
  0.9VMPAX Wells Fargo AdvantagePairCorr
  0.94SADAX Wells Fargo UltraPairCorr
  0.94SADIX Wells Fargo UltraPairCorr
  0.99EMGYX Wells Fargo EmergingPairCorr
  0.86EMGNX Wells Fargo EmergingPairCorr
  0.99EMGCX Wells Fargo EmergingPairCorr
  0.99EMGAX Wells Fargo EmergingPairCorr
  0.9SSHIX Wells Fargo ShortPairCorr
  0.89SSTVX Wells Fargo ShortPairCorr
  0.95WSBIX Short Term MunicipalPairCorr
  0.85STAFX Wells Fargo LargePairCorr
  0.69WSGIX Wells Fargo ShortPairCorr
  0.8WSIAX Wells Fargo StrategicPairCorr
  0.9WSICX Wells Fargo StrategicPairCorr
  0.91WSINX Wells Fargo StrategicPairCorr
  0.95WSMAX Short Term MunicipalPairCorr
  0.66WSMCX Small Pany GrowthPairCorr
  0.95WSSCX Short Term MunicipalPairCorr
  0.7STOFX Wells Fargo LargePairCorr
  0.85STNFX Wells Fargo LargePairCorr
  0.98STSAX Wells Fargo MonPairCorr
  0.76STRIX Wells Fargo AdvantagePairCorr
  0.71STYAX Wells Fargo IncomePairCorr
  0.61STYIX Wells Fargo ShortPairCorr
  0.98SCNSX Wells Fargo MonPairCorr
  0.98SCSDX Wells Fargo MonPairCorr
  0.66SCSAX Wells Fargo MonPairCorr
  0.94SCVAX Small Pany ValuePairCorr
  0.94SCVIX Small Pany ValuePairCorr
  0.94SCVFX Small Pany ValuePairCorr

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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