Use Wells Fargo Advantage Precious Metals A performance together with your portfolio to reduce overall market volatility in the long term and to determine Fund optimization strategy that fits your criteria.
If you would invest 6,771 in Wells Fargo Advantage Precious Metals A on April 26, 2012 and sell it today you would lose (612) from holding Wells Fargo Advantage Precious Metals A or give up 9.04% of portfolio value over 30 days. Wells Fargo Advantage Precious Metals A is currently producing negative expected returns and takes up 2.02% volatility of returns over 30 trading days. Put another way, 34% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
Daily Expected Return (%)
Risk [Daily Volatility] (%)
Assuming 30 trading days horizon, Wells Fargo Advantage Precious Metals A is expected to under-perform the market. In addition to that, the company is 2.77 times more volatile than its market benchmark. It trades about -0.18 of its total potential returns per unit of risk. The NYSE is currently generating roughly -0.47 per unit of volatility.
Wells Price to Book
Based on latest financial disclosure the price to book indicator of Wells Fargo Advantage Precious Metals A is roughly 1.6 times. This is much higher than that of Wells Fargo Advantage family, and significantly higher than that of Equity Precious Metals category, The Price to Book for all funds is over 1000% lower than the firm.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Wells Fargo Advantage Precious Metals A has Year to Date Return of -6.92%. This is much lower than that of Wells Fargo Advantage family, and significantly lower than that of Equity Precious Metals category, The Year to Date Return for all funds is over 1000% higher than the company.
Year-To-Date typically refers to a period starting from the beginning of the current year, and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Over the last 30 days Wells Fargo Advantage Precious Metals A has generated negative risk-adjusted returns adding no value to investors with long positions.
1 Month Effecincy (a.k Sharpe Ratio) ...
-0.18
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EKWAX
Estimated Market Risk
2.02
actual daily
66 %
of total potential
Expected Return
-0.37
actual daily
1 %
of total potential
Risk-Adjusted Return
-0.18
actual daily
1 %
of total potential
Based on monthly moving average Wells is performing at about 0% of its full potential. 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 by adding it to a well-diversified portfolio.
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