|Horizon||30 Days Login to change|
Wells Fargo Market Sensitivity
|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.One Month Beta |Analyze Wells Fargo Short Demand TrendCheck current 30 days Wells Fargo correlation with market (DOW)|
β = -0.019
Wells Fargo Short Technical Analysis
Wells Fargo Projected Return Density Against MarketAssuming 30 trading days horizon, Wells Fargo Short Term Bond Inst has beta of -0.019 . This entails as returns on benchmark increase, returns on holding Wells Fargo are expected to decrease at a much smaller rate. During bear market, however, Wells Fargo Short Term Bond Inst is likely to outperform the market. Additionally, Wells Fargo Short Term Bond Inst has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Wells Fargo Return VolatilityWells Fargo Short Term Bond Inst shows 0.0539% volatility of returns over 30 trading days. DOW inherits 0.3947% risk (volatility on return distribution) over the 30 days horizon.