Wells Fargo Backtesting

SSHIX -- USA Fund  

USD 8.64  0.00  0.00%

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

August 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 21, 2018
0.00
If you would invest  0.00  in Wells Fargo on August 22, 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, Vanguard Short, Vanguard Short, Vanguard Short, Vanguard Short, Vanguard Short, and Lord Abbett. The investment seeks current income consistent with capital preservation

Wells Fargo Upside/Downside Indicators

Information Ratio3.31
Maximum Drawdown0.3009
Value At Risk0.12
  

Wells Fargo Market Premium Indicators

Risk Adjusted Performance0.09
Jensen Alpha0.009838
Total Risk Alpha0.031768
Treynor Ratio0.8948

Wells Fargo Short Backtested Returns

Macroaxis considers Wells Fargo to be not too risky. Wells Fargo Short shows Sharpe Ratio of -0.0386 which attests that Wells Fargo Short had -0.0386% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Wells Fargo Short exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Wells Fargo Short Market Risk Adjusted Performance of 0.9048 and Mean Deviation of 0.0206 to validate risk estimate we provide. The entity maintains market beta of -0.0135 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.. Even though it is essential to pay attention to Wells Fargo Short historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Wells Fargo Short exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.10 

Insignificant predictability

Wells Fargo Short Term Bond Inst has insignificant predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 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 0.1 indicates that less than 10.0% of current Wells Fargo price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test-0.28
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 

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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 Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.
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