|Horizon||30 Days Login to change|
Wells Fargo Market Sensitivity
|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.One Month Beta |Analyze Wells Fargo Demand TrendCheck current 30 days Wells Fargo correlation with market (DOW)|
β = 0.3017
Wells Fargo Technical Analysis
Wells Fargo Projected Return Density Against MarketConsidering 30-days investment horizon, Wells Fargo has beta of 0.3017 . This means as returns on market go up, Wells Fargo average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Wells Fargo Company will be expected to be much smaller as well. Additionally, Wells Fargo Company has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Wells Fargo Return VolatilityWells Fargo Company has volatility of 0.8805% on return distribution over 30 days investment horizon. DOW inherits 0.4208% risk (volatility on return distribution) over the 30 days horizon.