Wells Fargo Advantage Fund Quote
| EGWCX Fund | USD 9.17 0.05 0.54% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Wells Fargo is trading at 9.17 as of the 19th of April 2024; that is -0.54% down since the beginning of the trading day. The fund's open price was 9.22. Wells Fargo has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Wells Fargo Advantage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of the funds net assets in equity securities of small-capitalization companies. It invests principally in equity securities of small-capitalization companies, which the managers define as companies with market capitalizations within the range of the Russell 2000 Index at the time of purchase.. More on Wells Fargo Advantage
Moving together with Wells Mutual Fund
| 0.61 | VMPYX | Wells Fargo Advantage | PairCorr |
| 0.63 | VMPAX | Wells Fargo Advantage | PairCorr |
| 0.67 | SADAX | Wells Fargo Ultra | PairCorr |
| 0.68 | SADIX | Wells Fargo Ultra | PairCorr |
| 0.87 | EMGYX | Wells Fargo Emerging | PairCorr |
| 0.87 | EMGNX | Wells Fargo Emerging | PairCorr |
Wells Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Wells Fargo's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Wells Fargo or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Allspring Global Investments Funds, Large Funds, Small Growth Funds, Small Growth, Allspring Global Investments (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of August 2022 |
| Fiscal Year End | March |
Wells Fargo Advantage [EGWCX] is traded in USA and was established 19th of April 2024. Wells Fargo is listed under Allspring Global Investments category by Fama And French industry classification. The fund is listed under Small Growth category and is part of Allspring Global Investments family. This fund currently has accumulated 115.38 M in assets under management (AUM) with no minimum investment requirementsWells Fargo Advantage is currently producing year-to-date (YTD) return of 2.48%, while the total return for the last 3 years was -11.34%.
Check Wells Fargo Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Wells Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Wells Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Wells Fargo Advantage Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Wells Fargo Advantage Mutual Fund Constituents
| SUM | Summit Materials | Stock | Materials |
| EPAM | EPAM Systems | Stock | Information Technology |
| AMN | AMN Healthcare Services | Stock | Health Care |
| SAIA | Saia Inc | Stock | Industrials |
| MODN | Model N | Stock | Information Technology |
| SPT | Sprout Social | Stock | Information Technology |
| BILL | Bill Com Holdings | Stock | Information Technology |
Wells Fargo Target Price Odds Analysis
Based on a normal probability distribution, the odds of Wells Fargo jumping above the current price in 90 days from now is about 91.64%. The Wells Fargo Advantage probability density function shows the probability of Wells Fargo mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.4661 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Wells Fargo will likely underperform. Additionally, wells Fargo Advantage has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Wells Fargo to move above the current price in 90 days from now is about 91.64 (This Wells Fargo Advantage probability density function shows the probability of Wells Mutual Fund to fall within a particular range of prices over 90 days) .
Wells Fargo Advantage Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Wells Fargo market risk premium is the additional return an investor will receive from holding Wells Fargo long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Wells Fargo. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Wells Fargo's alpha and beta are two of the key measurements used to evaluate Wells Fargo's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8459 | |||
| Semi Deviation | 1.11 | |||
| Standard Deviation | 1.05 | |||
| Variance | 1.11 |
Wells Fargo Against Markets
Picking the right benchmark for Wells Fargo mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Wells Fargo mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Wells Fargo is critical whether you are bullish or bearish towards Wells Fargo Advantage at a given time. Please also check how Wells Fargo's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Wells Fargo without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Wells Mutual Fund?
Before investing in Wells Fargo, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Wells Fargo. To buy Wells Fargo fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Wells Fargo. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Wells Fargo fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Wells Fargo Advantage fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Wells Fargo Advantage fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Wells Fargo Advantage, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Wells Fargo Advantage?
The danger of trading Wells Fargo Advantage is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Wells Fargo is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Wells Fargo. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wells Fargo Advantage is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Wells Fargo Advantage. 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 main economic indicators. 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 Advantage 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.