Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Intermediate
WFRTX Fund  USD 10.68  0.03  0.28%   
The current 90-days correlation between Wells Fargo Intermediate and Dreyfus Short Intermediate is 0.76 (i.e., Poor 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

Average diversification

The correlation between Wells Fargo Intermediate and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Intermediate 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 Intermediate. 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 estimate.
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

  0.99VMPRX Wells Fargo StrategicPairCorr
  0.91EMGDX Wells Fargo EmergingPairCorr
  0.89SSTYX Wells Fargo ShortPairCorr
  0.92WSCJX Wells Fargo SmallPairCorr
  0.9WSCRX Wells Fargo AdvantagePairCorr
  0.91STFFX Wells Fargo LargePairCorr
  0.95WSSRX Wells Fargo ShortPairCorr
  0.82STYJX Wells Fargo CorePairCorr
  0.92WTLVX Wells Fargo LargePairCorr
  0.9SCSRX Wells Fargo MonPairCorr
  0.89SCVJX Wells Fargo SmallPairCorr
  0.77WTRIX Wells Fargo AdvantagePairCorr
  0.93WUSRX Wells Fargo UltraPairCorr
  0.89IPBJX Wells Fargo RealPairCorr
  0.92WDSAX Allspring DisciplinedPairCorr
  0.89EQIRX Wells Fargo EmergingPairCorr
  0.88WEGRX Allspring Emerging GrowthPairCorr
  0.89WENRX Wells Fargo EnterprisePairCorr
  0.92WFATX Wells Fargo IndexPairCorr
  0.9WFCMX Wells Fargo FdsPairCorr
  0.88WFDRX Wells Fargo DiscoveryPairCorr
  0.88WFEHX Wells Fargo InternationalPairCorr
  0.9WFPRX Wells Fargo SpecialPairCorr
  0.9SGRHX Wells Fargo GrowthPairCorr
  0.84ESPRX Wells Fargo AdvantagePairCorr
  0.83MSDRX Wells Fargo ShortPairCorr
  0.9WICRX Allspring SpecialPairCorr
  0.91EVSRX Wells Fargo DisciplinedPairCorr
  0.91EGORX Wells Fargo LargePairCorr
  0.85WMBRX Wells Fargo MunicipalPairCorr
  0.92EIVFX Wells Fargo IntrinsicPairCorr
  0.92CBEJX Wells Fargo CbPairCorr
  0.91EKJFX Wells Fargo PremierPairCorr
  0.91EKSRX Wells Fargo DiversifiedPairCorr
  1.0VWITX Vanguard Intermediate-terPairCorr

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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