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.
|15 days auto-correlation|| 0.10 |
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.
|Spearman Rank Test||-0.28|