Macroaxis considers Wells Fargo to be not too risky. Wells Fargo
shows Sharpe Ratio of -0.1519 which attests that Wells Fargo
had -0.1519% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Wells Fargo exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Wells Fargo Market Risk Adjusted Performance
of (0.22) and Mean Deviation of 1.23 to validate risk estimate we provide. Macroaxis gives Wells Fargo performance score of 0 on a scale of 0 to 100. The firm maintains market beta of 0.7913 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.. Even though it is essential to pay attention to Wells Fargo historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Wells Fargo exposes twenty-one different technical indicators which can help you to evaluate its performance. Wells Fargo has expected return of -0.2341%. Please be advised to check out Wells Fargo Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Wells Fargo past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.08) |
Very weak reverse predictability
Wells Fargo Company has very weak reverse predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 2018. 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 -0.08 indicates that barely 8.0% 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.
|Spearman Rank Test||-0.3|