Wells Fargo Backtesting

WFLLX -- USA Fund  

USD 17.78  0.42  2.31%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Wells Fargo Large Cap Core Fund and determine expected loss or profit from investing in Wells Fargo over given investment horizon. See also 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

June 24, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
August 23, 2019
0.00
If you would invest  0.00  in Wells Fargo on June 24, 2019 and sell it all today you would earn a total of 0.00 from holding Wells Fargo Large Cap Core Fund or generate 0.0% return on investment in Wells Fargo over 60 days. Wells Fargo is related to or competes with Vanguard Institutional, Washington Mutual, Washington Mutual, Washington Mutual, Washington Mutual, Washington Mutual, and Washington Mutual. The fund invests at least 80 percent of its net assets in equity securities of large-capitalization companies and up to ...

Wells Fargo Upside/Downside Indicators

Information Ratio5.0E-4
Maximum Drawdown7.86
Value At Risk(2.07)
Potential Upside2.57

Wells Fargo Market Premium Indicators

Risk Adjusted Performance(0.015303)
Jensen Alpha0.0249
Total Risk Alpha0.0367
Treynor Ratio(0.029564)

Wells Fargo Large Backtested Returns

Macroaxis considers Wells Fargo to be somewhat reliable. Wells Fargo Large shows Sharpe Ratio of -0.0214 which attests that the fund had -0.0214% of return per unit of risk over the last 2 months. 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 Large 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 Large Market Risk Adjusted Performance of (0.019564) and Mean Deviation of 1.13 to validate risk estimate we provide. The entity maintains market beta of 1.5238 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Wells Fargo will likely underperform. Even though it is essential to pay attention to Wells Fargo Large 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 Large exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.72) 
correlation synergy

Almost perfect reverse predictability

Wells Fargo Large Cap Core Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from June 24, 2019 to July 24, 2019 and July 24, 2019 to August 23, 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 Wells Fargo Large price movement. The serial correlation of -0.72 indicates that around 72.0% of current Wells Fargo price fluctuation can be explain by its past prices. Given that Wells Fargo Large Cap Core Fund 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-0.72
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.24

Wells Fargo Large 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, Portfolio Optimization, Wells Fargo Volatility as well as analyze Wells Fargo Alpha and Beta and Wells Fargo Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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