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.
|15 days auto-correlation|| 0.65 |
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.
|Spearman Rank Test||0.92|