Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Mon
STSAX Fund  USD 7.19  0.05  0.70%   
The current 90-days correlation between Wells Fargo Mon and Versatile Bond Portfolio is 0.18 (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

Good diversification

The correlation between Wells Fargo Mon and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Mon 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 Mon. 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

  0.88SADAX Wells Fargo UltraPairCorr
  0.89SADIX Wells Fargo UltraPairCorr
  0.94EMGYX Wells Fargo EmergingPairCorr
  0.94EMGNX Wells Fargo EmergingPairCorr
  0.94EMGCX Wells Fargo EmergingPairCorr
  0.97EMGAX Wells Fargo EmergingPairCorr
  0.86SSHIX Wells Fargo ShortPairCorr
  0.95SSTHX Wells Fargo ShortPairCorr
  0.95WSCGX Small Pany GrowthPairCorr
  0.94WSCOX Wells Fargo AdvantagePairCorr
  0.79WSBIX Short Term MunicipalPairCorr
  0.97STAFX Wells Fargo LargePairCorr
  0.62WSGIX Wells Fargo ShortPairCorr
  0.93STDFX Wells Fargo LargePairCorr
  0.85WSIAX Wells Fargo StrategicPairCorr
  0.87WSIDX Wells Fargo StrategicPairCorr
  0.84WSICX Wells Fargo StrategicPairCorr
  0.88WSINX Wells Fargo StrategicPairCorr
  0.8WSMAX Short Term MunicipalPairCorr
  1.0WSMCX Small Pany GrowthPairCorr
  0.79WSSCX Short Term MunicipalPairCorr
  0.87WSTMX Short Term MunicipalPairCorr
  0.93STOFX Wells Fargo LargePairCorr
  0.93STNFX Wells Fargo LargePairCorr
  0.94STYIX Wells Fargo ShortPairCorr
  1.0SCNSX Wells Fargo MonPairCorr
  0.95SCSDX Wells Fargo MonPairCorr
  1.0SCSAX 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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