Wells Fargo Backtesting

<div class='circular--portrait' style='background:#FF9E01;color: white;font-size:3em;padding-top: 35px;;'>WFC</div>
WFC -- USA Stock  

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With this equity back-testing module your can estimate the performance of a buy and hold strategy of Wells Fargo Company and determine expected loss or profit from investing in Wells Fargo over given investment horizon. See also Wells Fargo Hype Analysis, Wells Fargo Correlation, Wells Fargo Valuation, 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 29, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
January 27, 2020
0.00
If you would invest  0.00  in Wells Fargo on October 29, 2019 and sell it all today you would earn a total of 0.00 from holding Wells Fargo Company or generate 0.0% return on investment in Wells Fargo over 90 days. Wells Fargo is related to or competes with Regions Financial, BBT, FIRST REPUBLIC, SunTrust Banks, U S, Zions Bancorporation, and IShares SP. Wells Fargo Company, a diversified financial services company, provides retail, commercial, and corporate banking servic...

Wells Fargo Upside/Downside Indicators

Information Ratio(0.19)
Maximum Drawdown7.63
Value At Risk(1.72)
Potential Upside1.34

Wells Fargo Market Premium Indicators

Risk Adjusted Performance(0.031438)
Jensen Alpha(0.22)
Total Risk Alpha(0.36)
Treynor Ratio(0.09)

Wells Fargo Backtested Returns

Macroaxis considers Wells Fargo to be very steady. Wells Fargo shows Sharpe Ratio of -0.1379 which attests that the company had -0.1379% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Wells Fargo exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Wells Fargo Market Risk Adjusted Performance of (0.08) and Mean Deviation of 0.7785 to validate risk estimate we provide. The firm maintains market beta of 1.1167 which attests that Wells Fargo returns are very sensitive to returns on the market. as market goes up or down, Wells Fargo is expected to follow. Even though it is essential to pay attention to Wells Fargo historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Wells Fargo exposes twenty-eight different technical indicators which can help you to evaluate its performance. Wells Fargo has expected return of -0.1558%. Please be advised to check out Wells Fargo Downside Variance, and the relationship between Treynor Ratio and Kurtosis to decide if Wells Fargo past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.25) 
correlation synergy

Weak reverse predictability

Wells Fargo Company has weak reverse predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from October 29, 2019 to December 13, 2019 and December 13, 2019 to January 27, 2020. 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 price movement. The serial correlation of -0.25 indicates that over 25.0% of current Wells Fargo price fluctuation can be explain by its past prices. Given that Wells Fargo Company has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Wells Fargo for similar time interval.
Correlation Coefficient-0.25
Spearman Rank Test-0.27
Residual Average0.0
Price Variance6.13

Wells Fargo 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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See also Wells Fargo Hype Analysis, Wells Fargo Correlation, Wells Fargo Valuation, Wells Fargo Volatility as well as analyze Wells Fargo Alpha and Beta and Wells Fargo Performance. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.