We consider WF Strategic very steady. WF Strategic Municipal
retains Efficiency (Sharpe Ratio) of 0.1033 which attests that the fund had 0.1033% of return per unit of price deviation over the last 3 months. Our way in which we are 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 technical indicators
for WF Strategic which you can use to evaluate future volatility of the fund. Please check out WF Strategic Municipal Bond Fun Market Risk Adjusted Performance
of (0.02384) and Variance of 0.0096 to validate if risk estimate we provide are consistent with the epected return of 0.0104%. The entity owns Beta (Systematic Risk) of 0.0114 which attests that as returns on market increase, WF Strategic returns are expected to increase less than the market. However during bear market, the loss on holding WF Strategic will be expected to be smaller as well. Although it is extremely important to respect WF Strategic Municipal existing price patterns, it is better to be realistic regarding the information on equity price patterns. The way in which we are 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 inspecting WF Strategic Municipal technical indicators you can at this moment evaluate if the expected return of 0.0104% will be sustainable into the future.
Poor reverse predictability
WF Strategic Municipal Bond Fun has poor reverse predictability. Overlapping area represents the amount of predictability between WF Strategic time series from July 20, 2019 to September 3, 2019 and September 3, 2019 to October 18, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WF Strategic Municipal price movement. The serial correlation of -0.36 indicates that just about 36.0% of current WF Strategic price fluctuation can be explain by its past prices. Given that WF Strategic Municipal Bond Fun has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of WF Strategic for similar time interval.