Wells Fargo Correlations

STRFX Fund

USD 6.71 0.01 0.15%

The current 90-days correlation between Wells Fargo Large and Sterling Capital Equity is 0.38 (i.e., 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

Very weak diversification

The correlation between Wells Fargo Large and DJI is 0.4 (i.e., Very weak 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

0.66	BAEIX	Sterling Capital Equity	Pair Corr
0.78	BSCIX	Sterling Capital South	Pair Corr
0.81	BSCCX	Sterling Capital South	Pair Corr
0.75	BASCX	Sterling Capital South	Pair Corr
0.77	BSGAX	Sterling Capital Short	Pair Corr
0.72	STRSX	Sterling Capital Special	Pair Corr
0.65	STSCX	Sterling Capital Stratton	Pair Corr
0.65	STSOX	Sterling Capital Stratton	Pair Corr
0.67	STREX	Sterling Capital Equity	Pair Corr
0.61	STRAX	Stralem Equity	Pair Corr
0.97	STRDX	Sterling Capital Total	Pair Corr
1.0	SCCNX	Sterling Capital Porate	Pair Corr
0.82	SCCMX	Sterling Capital Porate	Pair Corr
0.85	SCCPX	Sterling Capital Porate	Pair Corr
0.94	BBGVX	Sterling Capital Int	Pair Corr
0.72	BBISX	Sterling Capital Beh	Pair Corr
0.81	BBNTX	Sterling Capital North	Pair Corr
0.81	BBNCX	Sterling Capital North	Pair Corr
0.86	BBSCX	Sterling Capital Short	Pair Corr
0.65	SCSIX	Sentinel Multi Asset	Pair Corr
0.96	SCSSX	Sterling Capital Sec	Pair Corr
0.88	SCSTX	Sterling Capital Sec	Pair Corr
0.96	SCSPX	Sterling Capital Sec	Pair Corr
0.75	BBSGX	Sterling Capital Short	Pair Corr
0.72	BBTGX	Sterling Capital Beh	Pair Corr
0.66	BCEGX	Sterling Capital Equity	Pair Corr
0.72	BCVCX	Sterling Capital Beh	Pair Corr
0.75	BUSIX	Sterling Capital Ultra	Pair Corr
0.77	BUSRX	Sterling Capital Ultra	Pair Corr
0.79	OWVAX	Sterling Capital West	Pair Corr

Related Correlations Analysis

	BAEIX	BSCIX	BSCCX	BASCX	BSGAX	STMDX	STMMX	STMOX	STRSX	STSCX
BAEIX		0.81	0.86	0.81	0.67	0.77	0.77	0.56	0.96	0.94	BAEIX
BSCIX	0.81		0.84	0.99	0.93	0.57	0.57	0.74	0.83	0.74	BSCIX
BSCCX	0.86	0.84		0.82	0.67	0.82	0.82	0.56	0.92	0.89	BSCCX
BASCX	0.81	0.99	0.82		0.9	0.57	0.56	0.75	0.82	0.74	BASCX
BSGAX	0.67	0.93	0.67	0.9		0.38	0.38	0.64	0.7	0.6	BSGAX
STMDX	0.77	0.57	0.82	0.57	0.38		1.0	0.53	0.8	0.82	STMDX
STMMX	0.77	0.57	0.82	0.56	0.38	1.0		0.53	0.79	0.81	STMMX
STMOX	0.56	0.74	0.56	0.75	0.64	0.53	0.53		0.55	0.51	STMOX
STRSX	0.96	0.83	0.92	0.82	0.7	0.8	0.79	0.55		0.98	STRSX
STSCX	0.94	0.74	0.89	0.74	0.6	0.82	0.81	0.51	0.98		STSCX
	BAEIX	BSCIX	BSCCX	BASCX	BSGAX	STMDX	STMMX	STMOX	STRSX	STSCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BAEIX	0.64	(0.05)	(0.09)	0.07	0.75	(0.68)	1.64	(1.17)	3.95
BSCIX	0.09	0.01	(0.85)	0.38	0.00	(0.16)	0.20	(0.19)	0.59
BSCCX	0.10	0.00	(0.77)	0.24	0.00	(0.13)	0.20	(0.19)	0.69
BASCX	0.10	0.01	(0.82)	0.39	0.00	(0.14)	0.20	(0.19)	0.68
BSGAX	0.08	0.01	(0.95)	1.17	0.00	(0.17)	0.24	(0.12)	0.48
STMDX	0.58	0.01	(0.05)	0.16	0.80	(0.61)	1.50	(1.36)	4.40
STMMX	0.58	0.01	(0.05)	0.16	0.77	(0.62)	1.47	(1.36)	4.36
STMOX	0.54	0.11	(0.05)	(0.44)	0.70	(0.60)	1.41	(1.02)	4.38
STRSX	0.76	0.09	0.09	0.21	0.64	(0.85)	2.21	(1.33)	5.22
STSCX	0.80	0.13	0.12	0.26	0.69	(0.90)	2.22	(1.33)	5.73

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Wells Fargo Correlations

Wells Fargo Correlation With Market

Very weak diversification

Moving together with Wells Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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