Wells Fargo Backtesting

SSHIX -- USA Fund  

USD 8.63  0.01  0.12%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Wells Fargo Short Term Bond Inst and determine expected loss or profit from investing in Wells Fargo over given investment horizon. Also please take a look at Wells Fargo Hype Analysis, Wells Fargo Correlation, Portfolio Optimization, Wells Fargo Volatility as well as analyze Wells Fargo Alpha and Beta and Wells Fargo Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Wells Fargo 'What if' Analysis

October 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
November 18, 2018
0.00
If you would invest  0.00  in Wells Fargo on October 19, 2018 and sell it all today you would earn a total of 0.00 from holding Wells Fargo Short Term Bond Inst or generate 0.0% return on investment in Wells Fargo over 30 days. Wells Fargo is related to or competes with Vanguard Short, Lord Abbett, American Funds, American Funds, American Funds, Prudential Short, and Prudential Short. The investment seeks current income consistent with capital preservation

Wells Fargo Upside/Downside Indicators

Information Ratio0.06
Maximum Drawdown0.232
Value At Risk0.12
Potential Upside0.116
  

Wells Fargo Market Premium Indicators

Risk Adjusted Performance0.007679
Jensen Alpha0.00098163
Total Risk Alpha0.00118
Treynor Ratio0.0898

Wells Fargo Short Backtested Returns

We consider Wells Fargo not too risky. Wells Fargo Short shows Sharpe Ratio of 0.2268 which attests that Wells Fargo Short had 0.2268% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Wells Fargo Short which you can use to evaluate future volatility of the fund. Please check out Wells Fargo Short Market Risk Adjusted Performance of 0.0998 and Mean Deviation of 0.0455 to validate if risk estimate we provide are consistent with the epected return of 0.0143%. The entity maintains market beta of -0.0113 which attests that as returns on market increase, returns on owning Wells Fargo are expected to decrease at a much smaller rate. During bear market, Wells Fargo is likely to outperform the market.. Although it is extremely important to respect Wells Fargo Short historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining Wells Fargo Short technical indicators you can presently evaluate if the expected return of 0.0143% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.65 
correlation synergy

Good predictability

Wells Fargo Short Term Bond Inst has good predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from October 19, 2018 to November 3, 2018 and November 3, 2018 to November 18, 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 Short price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Wells Fargo price fluctuation can be explain by its past prices.
Correlation Coefficient0.65
Spearman Rank Test0.92
Residual Average0.0
Price Variance0.0

Wells Fargo Short lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Wells Fargo regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Wells Fargo Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SSHIX

Wells Fargo Short Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in Wells Fargo Short Term Bond Inst. What is your outlook on investing in Wells Fargo Short Term Bond Inst? Are you bullish or bearish?
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50% Bearish
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Also please take a look at Wells Fargo Hype Analysis, Wells Fargo Correlation, Portfolio Optimization, Wells Fargo Volatility as well as analyze Wells Fargo Alpha and Beta and Wells Fargo Performance. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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