Wells Fargo Backtesting

Wells Fargo Company -- USA Stock  

USD 54.92  1.17  2.18%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Wells Fargo Company and determine expected loss or profit from investing in Wells Fargo over given investment horizon. See also Wells Fargo Hype Analysis, Wells Fargo Correlation, Wells Fargo Valuation, Wells Fargo Volatility as well as analyze Wells Fargo Alpha and Beta and Wells Fargo Performance
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

Wells Fargo 'What if' Analysis

September 20, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 20, 2017
 0.00 
If you would invest  0.00  in Wells Fargo on September 20, 2017 and sell it all today you would earn a total of 0.00 from holding Wells Fargo Company or generate 0.0% return on investment in Wells Fargo over 30 days. Wells Fargo is related to or competes with Citigroup, Bank of New York, Goldman Sachs, Morgan Stanley, Regions Financial, and Fifth Third. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts,...

Wells Fargo Upside/Downside Indicators

  

Wells Fargo Market Premium Indicators

Wells Fargo lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Wells Fargo regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Wells Fargo Backtested Returns

We consider Wells Fargo not too risky. Wells Fargo shows Sharpe Ratio of 0.1006 which attests that Wells Fargo had 0.1006% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Wells Fargo which you can use to evaluate future volatility of the organization. Please check out Wells Fargo Market Risk Adjusted Performance of 0.2088, Mean Deviation of 0.732 and Downside Deviation of 1.4 to validate if risk estimate we provide are consistent with the epected return of 0.1026%. Wells Fargo has performance score of 6 on a scale of 0 to 100. The firm maintains market beta of 0.3362 which attests that as returns on market increase, Wells Fargo returns are expected to increase less than the market. However during bear market, the loss on holding Wells Fargo will be expected to be smaller as well.. Although it is extremely important to respect Wells Fargo historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining Wells Fargo technical indicators you can presently evaluate if the expected return of 0.1026% will be sustainable into the future. Wells Fargo right now maintains a risk of 1.0202%. Please check out Wells Fargo Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Wells Fargo will be following its historical returns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.78) 

Almost perfect reverse predictability

Wells Fargo Company has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from September 20, 2017 to October 5, 2017 and October 5, 2017 to October 20, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wells Fargo price movement. The serial correlation of -0.78 indicates that around 78.0% of current Wells Fargo price fluctuation can be explain by its past prices. Given that Wells Fargo Company has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Wells Fargo for similar time interval.
Correlation Coefficient -0.78
Spearman Rank Test -0.76
Price Variance 0.84
Lagged Price Variance 0.43

Wells Fargo Lagged Returns

 Regressed Prices 
      Timeline 

Wells Fargo Performance vs DOW

The median price of Wells Fargo for the period between Wed, Sep 20, 2017 and Fri, Oct 20, 2017 is 54.92 with a coefficient of variation of 1.49. The daily time series for the period is distributed with a sample standard deviation of 0.81, arithmetic mean of 54.6, and mean deviation of 0.74. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Wells Fargo fires forex bankers, investigates unit WSJ10/20/2017