Wells Fargo Correlations

WTLVX Fund

USD 16.02 0.09 0.56%

The current 90-days correlation between Wells Fargo Large and Wells Fargo Strategic is -0.22 (i.e., Very good 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

Almost no diversification

The correlation between Wells Fargo Large and DJI is 0.9 (i.e., Almost no 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 Your Current Watchlist 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 real.

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

0.72	WRPIX	Wells Fargo Alternative	Pair Corr
0.73	WRPRX	Wells Fargo Alternative	Pair Corr
0.95	WSCJX	Wells Fargo Small	Pair Corr
0.95	WSCRX	Wells Fargo Advantage	Pair Corr
0.9	STFFX	Wells Fargo Large	Pair Corr
0.93	SCSRX	Wells Fargo Mon	Pair Corr
0.96	SCVJX	Wells Fargo Small	Pair Corr
0.75	WUSRX	Wells Fargo Ultra	Pair Corr
0.77	IPBJX	Wells Fargo Real	Pair Corr
0.95	WDSAX	Allspring Disciplined	Pair Corr
0.97	WEGRX	Allspring Emerging Growth	Pair Corr
0.95	WENRX	Wells Fargo Enterprise	Pair Corr
0.95	WFATX	Wells Fargo Index	Pair Corr
0.97	WFDRX	Wells Fargo Discovery	Pair Corr
0.97	WFPRX	Wells Fargo Special	Pair Corr
0.91	SGRHX	Wells Fargo Growth	Pair Corr
0.94	ESPRX	Wells Fargo Advantage	Pair Corr
0.94	EVSRX	Wells Fargo Disciplined	Pair Corr
0.94	EGORX	Wells Fargo Large	Pair Corr
0.98	EIVFX	Wells Fargo Intrinsic	Pair Corr
0.98	CBEJX	Wells Fargo Cb	Pair Corr
0.92	EKJFX	Wells Fargo Premier	Pair Corr
0.76	EKSRX	Wells Fargo Diversified	Pair Corr
0.92	VVIAX	Vanguard Value Index	Pair Corr
0.9	DOXGX	Dodge Cox Stock	Pair Corr
0.91	AFMFX	American Mutual	Pair Corr

Moving against Wells Mutual Fund

0.55	STYJX	Wells Fargo Core	Pair Corr
0.55	WTRIX	Wells Fargo Advantage	Pair Corr
0.64	WFEHX	Wells Fargo International	Pair Corr
0.52	WICRX	Allspring Special	Pair Corr

Related Correlations Analysis

	VMPRX	EMGDX	WRPIX	WRPRX	SSTYX	WSCJX	WSCRX	WARRX	STFFX	WSSRX
VMPRX		0.24	0.11	0.09	0.61	0.05	0.11	0.53	-0.04	0.77	VMPRX
EMGDX	0.24		-0.51	-0.51	0.41	0.01	0.03	0.53	0.19	0.34	EMGDX
WRPIX	0.11	-0.51		1.0	-0.05	0.71	0.71	0.2	0.55	0.12	WRPIX
WRPRX	0.09	-0.51	1.0		-0.06	0.73	0.72	0.19	0.57	0.12	WRPRX
SSTYX	0.61	0.41	-0.05	-0.06		0.06	0.05	0.46	0.06	0.6	SSTYX
WSCJX	0.05	0.01	0.71	0.73	0.06		0.97	0.43	0.88	0.24	WSCJX
WSCRX	0.11	0.03	0.71	0.72	0.05	0.97		0.57	0.84	0.23	WSCRX
WARRX	0.53	0.53	0.2	0.19	0.46	0.43	0.57		0.42	0.46	WARRX
STFFX	-0.04	0.19	0.55	0.57	0.06	0.88	0.84	0.42		0.24	STFFX
WSSRX	0.77	0.34	0.12	0.12	0.6	0.24	0.23	0.46	0.24		WSSRX
	VMPRX	EMGDX	WRPIX	WRPRX	SSTYX	WSCJX	WSCRX	WARRX	STFFX	WSSRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WRPRX	+ 1.0	WRPIX
WSCRX	+ 0.97	WSCJX
STFFX	+ 0.88	WSCJX
STFFX	+ 0.84	WSCRX
WSSRX	+ 0.77	VMPRX
WSCJX	+ 0.73	WRPRX

High negative correlations

WRPRX	- 0.51	EMGDX
WRPIX	- 0.51	EMGDX
SSTYX	- 0.06	WRPRX
SSTYX	- 0.05	WRPIX
STFFX	- 0.04	VMPRX

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
VMPRX	0.09	0.01	(0.40)	(0.11)	0.04	(0.15)	0.23	(0.23)	0.79
EMGDX	0.66	(0.03)	(0.11)	0.01	0.98	(0.62)	1.27	(1.75)	5.16
WRPIX	0.24	0.01	(0.29)	0.18	0.17	(0.33)	0.61	(0.37)	1.48
WRPRX	0.23	0.01	(0.27)	0.18	0.16	(0.30)	0.62	(0.37)	1.35
SSTYX	0.08	0.00	(0.72)	(0.05)	0.00	(0.13)	0.12	(0.12)	0.58
WSCJX	0.94	(0.06)	0.00	0.08	1.01	(1.06)	2.19	(1.74)	7.58
WSCRX	0.82	(0.08)	(0.04)	0.05	0.97	(0.83)	1.76	(1.58)	6.44
WARRX	0.31	(0.02)	(0.21)	0.07	0.33	(0.33)	0.61	(0.68)	1.90
STFFX	0.71	0.04	0.02	0.16	0.99	(0.68)	1.65	(2.05)	4.93
WSSRX	0.06	0.00	(0.59)	(2.34)	0.00	(0.15)	0.21	(0.10)	0.72

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