Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo International
WFEFX Fund  USD 14.85  0.03  0.20%   
The current 90-days correlation between Wells Fargo International and Blackrock Global Longshort is 0.19 (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 International and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo International and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wells Fargo International. 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

  0.86DHICX Wells Fargo AdvantagePairCorr
  0.86VMPYX Wells Fargo AdvantagePairCorr
  0.87VMPAX Wells Fargo AdvantagePairCorr
  0.9SADAX Wells Fargo UltraPairCorr
  0.9SADIX Wells Fargo UltraPairCorr
  0.94EMGCX Wells Fargo EmergingPairCorr
  0.94EMGAX Wells Fargo EmergingPairCorr
  0.83SSHIX Wells Fargo ShortPairCorr
  0.84SSTVX Wells Fargo ShortPairCorr
  0.89WSBIX Short Term MunicipalPairCorr
  0.94STAFX Wells Fargo LargePairCorr
  0.7WSGIX Wells Fargo ShortPairCorr
  0.94STDFX Wells Fargo LargePairCorr
  0.87WSINX Wells Fargo StrategicPairCorr
  0.89WSMAX Short Term MunicipalPairCorr
  0.89WSSCX Short Term MunicipalPairCorr
  0.92STSAX Wells Fargo MonPairCorr
  0.87STRIX Wells Fargo AdvantagePairCorr
  0.67STYAX Wells Fargo IncomePairCorr
  0.93STYIX Wells Fargo ShortPairCorr
  0.93SCNSX Wells Fargo MonPairCorr
  0.92SCSDX Wells Fargo MonPairCorr
  0.87SCVAX Small Pany ValuePairCorr
  0.87SCVIX Small Pany ValuePairCorr
  0.87SCVFX Small Pany ValuePairCorr
  0.9SCTIX California Limited TermPairCorr
  0.86WCAFX Wealthbuilder ConservativePairCorr
  0.86WCCFX Wealthbuilder ConservativePairCorr
  0.82WCYFX Wells Fargo WealthbuilderPairCorr
  0.93IPBAX Inflation ProtectedPairCorr
  0.93IPBCX Inflation ProtectedPairCorr
  0.91IPBNX Wells Fargo RealPairCorr
  0.93WDSCX Wells Fargo DiscoveryPairCorr
  0.91EQIIX Wells Fargo EmergingPairCorr
  0.91EQICX Wells Fargo EmergingPairCorr

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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