Wells Fargo Correlations

WHYMX Fund

USD 9.62 0.04 0.41%

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 Advantage and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Advantage 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 Advantage. 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 population.

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

0.98	DHICX	Wells Fargo Advantage	Pair Corr
0.99	VMPYX	Wells Fargo Advantage	Pair Corr
0.89	VMPAX	Wells Fargo Advantage	Pair Corr
0.68	WARDX	Wells Fargo Advantage	Pair Corr
0.68	WARCX	Wells Fargo Advantage	Pair Corr
0.99	STRIX	Wells Fargo Advantage	Pair Corr
0.69	WCAFX	Wealthbuilder Conservative	Pair Corr
1.0	WHYIX	Wells Fargo Advantage	Pair Corr
0.88	WHYDX	Wells Fargo Advantage	Pair Corr
0.89	WHYCX	Wells Fargo Advantage	Pair Corr
0.89	WMFDX	Municipal Bond	Pair Corr
0.9	NHMAX	Nuveen High Yield	Pair Corr
0.82	NHCCX	Nuveen High Yield	Pair Corr
0.82	NHMRX	Nuveen High Yield	Pair Corr
0.91	NHMFX	Nuveen High Yield	Pair Corr
0.98	ABHFX	American High Income	Pair Corr
0.89	AHICX	American High Income	Pair Corr
0.9	AMHIX	American High Income	Pair Corr
0.89	GHYCX	Goldman Sachs High	Pair Corr
0.72	MGGYX	Mirova Global Green	Pair Corr
0.77	MGGAX	Mirova Global Green	Pair Corr

Moving against Wells Mutual Fund

0.45	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CMATX	FRTCX	LLMRX	CMACX	PPLSX	SMOAX
CMATX		0.82	0.91	0.88	0.82	0.5	CMATX
FRTCX	0.82		0.61	0.85	0.97	0.88	FRTCX
LLMRX	0.91	0.61		0.85	0.63	0.25	LLMRX
CMACX	0.88	0.85	0.85		0.86	0.67	CMACX
PPLSX	0.82	0.97	0.63	0.86		0.88	PPLSX
SMOAX	0.5	0.88	0.25	0.67	0.88		SMOAX
	CMATX	FRTCX	LLMRX	CMACX	PPLSX	SMOAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
CMATX	0.34	0.00	(0.11)	0.10	0.26	(0.48)	0.97	(0.62)	2.20
FRTCX	0.20	(0.01)	(0.29)	0.03	0.20	(0.24)	0.38	(0.38)	1.14
LLMRX	0.40	0.07	(0.03)	0.85	0.28	(0.49)	0.86	(0.69)	2.65
CMACX	0.33	0.04	(0.11)	0.68	0.29	(0.37)	0.72	(0.67)	2.02
PPLSX	0.35	(0.02)	(0.16)	0.04	0.37	(0.40)	0.59	(0.59)	2.17
SMOAX	0.19	(0.02)	(0.34)	0.00	0.19	(0.22)	0.34	(0.42)	1.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC