Wells Fargo Global Fund Price on October 16, 2023
| EKGAX Fund | USD 37.24 0.21 0.57% |
Below is the normalized historical share price chart for Wells Fargo Global extending back to June 01, 1989. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Wells Fargo stands at 37.24, as last reported on the 4th of May, with the highest price reaching 37.24 and the lowest price hitting 37.24 during the day.
If you're considering investing in Wells Mutual Fund, it is important to understand the factors that can impact its price. We consider Wells Fargo very steady. Wells Fargo Global shows Sharpe Ratio of 0.0018, which attests that the fund had a 0.0018% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Wells Fargo Global, which you can use to evaluate the volatility of the fund. Please check out Wells Fargo's Standard Deviation of 0.9074, market risk adjusted performance of (0.03), and Mean Deviation of 0.7098 to validate if the risk estimate we provide is consistent with the expected return of 0.0016%.
Wells Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Wells |
Sharpe Ratio = 0.0018
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| Negative Returns | EKGAX |
Estimated Market Risk
| 0.87 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wells Fargo is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wells Fargo by adding Wells Fargo to a well-diversified portfolio.
Wells Fargo Valuation on October 16, 2023
It is possible to determine the worth of Wells Fargo on a given historical date. On October 16, 2023 Wells was worth 33.82 at the beginning of the trading date compared to the closed value of 33.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wells Fargo mutual fund. Still, in general, we apply an absolute valuation method to find Wells Fargo's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Wells Fargo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wells Fargo's related companies.
| Open | High | Low | Close | Volume | |
| 33.53 | 33.53 | 33.53 | 33.53 | 1.00 | |
10/16/2023 | 33.82 | 33.82 | 33.82 | 33.82 | 1.00 |
| 34.05 | 34.05 | 34.05 | 34.05 | 1.00 |
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Wells Fargo Trading Date Momentum on October 16, 2023
| On October 17 2023 Wells Fargo Global was traded for 34.05 at the closing time. The highest daily price throughout the period was 34.05 and the lowest price was 34.05 . There was no trading activity during the period 1.0. Lack of trading volume on 10/17/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.68% . The trading price change to current closing price is 5.26% . |
Wells Fargo Global Fundamentals Correlations and Trends
By evaluating Wells Fargo's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Wells Fargo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wells financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wells Fargo Mutual Fund history
Wells Fargo investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Wells is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wells Fargo Global will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Wells Fargo stock prices may prove useful in developing a viable investing in Wells Fargo
The fund invests at least 80 percent of its total assets in equity securities of small-capitalization companies. It invests in the securities of companies located in no fewer than three countries, which may include the U.S., and the fund may invest more than 25 percent of its total assets in any one country and up to 10 percent of the funds total assets in emerging market equity securities. It invests principally in equity securities of small-capitalization companies, which the manager defines as companies with market capitalizations within the range of the MSCI World Small Cap Index at the time of purchase.
Wells Fargo Mutual Fund Technical Analysis
Wells Fargo technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Wells Fargo Period Price Range
Low | October 16, 2023
| High |
33.82 | 33.82 |
Wells Fargo May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Wells Fargo mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wells Fargo shares will generate the highest return on investment. By undertsting and applying Wells Fargo mutual fund market strength indicators, traders can identify Wells Fargo Global entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 33.82 | |||
| Day Typical Price | 33.82 | |||
| Period Momentum Indicator | 3.42 | |||
| Relative Strength Index | 48.77 |
Wells Fargo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wells Fargo's price direction in advance. Along with the technical and fundamental analysis of Wells Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wells to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.04) |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Wells Fargo Global. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Wells Mutual Fund please use our How to Invest in Wells Fargo guide.Note that the Wells Fargo Global information on this page should be used as a complementary analysis to other Wells Fargo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.