Wells Fargo Correlations

EMGYX Fund

USD 33.96 0.00 0.00%

The current 90-days correlation between Wells Fargo Emerging and Wells Fargo Emerging is 0.01 (i.e., Significant 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 Emerging and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. 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 private.

Moving together with Wells Mutual Fund

0.83	DHICX	Wells Fargo Advantage	Pair Corr
0.86	VMPAX	Wells Fargo Advantage	Pair Corr
0.93	SADAX	Wells Fargo Ultra	Pair Corr
0.9	SADIX	Wells Fargo Ultra	Pair Corr
0.87	EMGNX	Wells Fargo Emerging	Pair Corr
0.87	EMGCX	Wells Fargo Emerging	Pair Corr
0.87	EMGAX	Wells Fargo Emerging	Pair Corr
0.83	SSHIX	Wells Fargo Short	Pair Corr
0.93	WABIX	Wells Fargo Advantage	Pair Corr
0.89	SSTHX	Wells Fargo Short	Pair Corr
0.84	SSTVX	Wells Fargo Short	Pair Corr
0.62	WSCGX	Small Pany Growth	Pair Corr
0.79	WSCOX	Wells Fargo Advantage	Pair Corr
0.72	WSBIX	Short Term Municipal	Pair Corr
0.93	WARAX	Wells Fargo Advantage	Pair Corr
0.98	WARDX	Wells Fargo Advantage	Pair Corr
0.93	WARCX	Wells Fargo Advantage	Pair Corr
0.72	STAFX	Wells Fargo Large	Pair Corr
0.9	WSGIX	Wells Fargo Short	Pair Corr
0.72	STDFX	Wells Fargo Large	Pair Corr
0.84	WSIAX	Wells Fargo Strategic	Pair Corr
0.94	WSIDX	Wells Fargo Strategic	Pair Corr
0.83	WSICX	Wells Fargo Strategic	Pair Corr
0.85	WSINX	Wells Fargo Strategic	Pair Corr
0.73	WSMAX	Short Term Municipal	Pair Corr
0.64	WSSCX	Short Term Municipal	Pair Corr
0.71	STOFX	Wells Fargo Large	Pair Corr
0.73	STNFX	Wells Fargo Large	Pair Corr
0.85	STRIX	Wells Fargo Advantage	Pair Corr
0.85	STYAX	Wells Fargo Income	Pair Corr
0.88	STYIX	Wells Fargo Short	Pair Corr
0.89	SCTAX	California Tax Free	Pair Corr
0.89	SCTCX	California Tax Free	Pair Corr

Related Correlations Analysis

	EMGAX	SEFCX	AAGPX	LZIOX	HIINX	ABSYX	AVFIX	SCSCX	JMCVX	IHOIX
EMGAX		0.87	0.81	0.93	0.75	0.47	0.48	0.95	0.12	0.95	EMGAX
SEFCX	0.87		0.88	0.97	0.95	0.69	0.69	0.9	0.4	0.97	SEFCX
AAGPX	0.81	0.88		0.88	0.83	0.84	0.84	0.88	0.6	0.89	AAGPX
LZIOX	0.93	0.97	0.88		0.91	0.6	0.6	0.91	0.31	0.99	LZIOX
HIINX	0.75	0.95	0.83	0.91		0.72	0.72	0.8	0.5	0.9	HIINX
ABSYX	0.47	0.69	0.84	0.6	0.72		1.0	0.64	0.86	0.63	ABSYX
AVFIX	0.48	0.69	0.84	0.6	0.72	1.0		0.64	0.85	0.63	AVFIX
SCSCX	0.95	0.9	0.88	0.91	0.8	0.64	0.64		0.29	0.94	SCSCX
JMCVX	0.12	0.4	0.6	0.31	0.5	0.86	0.85	0.29		0.33	JMCVX
IHOIX	0.95	0.97	0.89	0.99	0.9	0.63	0.63	0.94	0.33		IHOIX
	EMGAX	SEFCX	AAGPX	LZIOX	HIINX	ABSYX	AVFIX	SCSCX	JMCVX	IHOIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EMGAX	0.67	0.13	0.10	0.29	0.75	(0.80)	1.43	(1.17)	5.49
SEFCX	0.48	0.03	(0.01)	0.14	0.51	(0.53)	1.07	(0.85)	3.59
AAGPX	0.52	(0.04)	(0.06)	0.06	0.60	(0.57)	1.22	(1.03)	4.39
LZIOX	0.53	0.03	0.00	0.15	0.51	(0.61)	1.14	(1.06)	3.60
HIINX	0.52	0.00	(0.05)	0.10	0.61	(0.54)	1.06	(1.07)	3.80
ABSYX	0.89	(0.11)	(0.05)	0.03	0.98	(1.04)	2.16	(1.54)	7.76
AVFIX	0.89	(0.11)	(0.05)	0.03	0.99	(1.04)	2.15	(1.55)	7.77
SCSCX	0.54	(0.02)	(0.03)	0.08	0.72	(0.58)	1.31	(0.83)	4.15
JMCVX	0.61	(0.10)	(0.14)	0.00	0.69	(0.71)	1.45	(1.03)	4.15
IHOIX	0.53	0.03	0.01	0.15	0.55	(0.57)	1.25	(0.92)	3.88

Wells Fargo Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Wells Fargo mutual fund to make a market-neutral strategy. Peer analysis of Wells Fargo could also be used in its relative valuation, which is a method of valuing Wells Fargo by comparing valuation metrics with similar companies.

Wells Fargo Emerging Sit International Equity American Beacon Large Lazard International Equity Harbor International Fund American Beacon Small American Beacon Small Sentinel Mon Stock Perkins Mid Cap The Hartford International American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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