Wells Fargo Correlations

Mutual Funds . USA . 
Fund . Wells Fargo Wealthbuilder
WCYFX Fund  USD 9.22  0.01  0.11%   
The current 90-days correlation between Wells Fargo Wealthbuilder and Franklin California High is 0.27 (i.e., Modest 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

Poor diversification

The correlation between Wells Fargo Wealthbuilder and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wells Fargo Wealthbuilder 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 Wealthbuilder. 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 price.
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

  0.8DHICX Wells Fargo AdvantagePairCorr
  0.79VMPAX Wells Fargo AdvantagePairCorr
  0.64SADIX Wells Fargo UltraPairCorr
  0.88EMGNX Wells Fargo EmergingPairCorr
  0.63EMGCX Wells Fargo EmergingPairCorr
  0.78EMGAX Wells Fargo EmergingPairCorr
  0.74SSHIX Wells Fargo ShortPairCorr
  0.9WABIX Wells Fargo AdvantagePairCorr
  0.61SSTHX Wells Fargo ShortPairCorr
  0.77SSTVX Wells Fargo ShortPairCorr
  0.66WSCOX Wells Fargo AdvantagePairCorr
  0.9WARAX Wells Fargo AdvantagePairCorr
  0.95WARCX Wells Fargo AdvantagePairCorr
  0.87WSIAX Wells Fargo StrategicPairCorr
  0.64WSICX Wells Fargo StrategicPairCorr
  0.92WSINX Wells Fargo StrategicPairCorr
  0.81STRIX Wells Fargo AdvantagePairCorr
  0.9STYAX Wells Fargo IncomePairCorr
  0.81SCTAX California Tax FreePairCorr
  0.82SCTCX California Tax FreePairCorr
  0.92WCAFX Wealthbuilder ConservativePairCorr
  0.99WCCFX Wealthbuilder ConservativePairCorr

Related Correlations Analysis


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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