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.
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.