Wells Fargo Probability of Target Price Finishing Over Current Price

SSHIX -- USA Fund  

USD 8.64  0.00  0.00%

Wells Fargo probability of target price tool provides mechanism to make assumptions about upside and downside potential of Wells Fargo Short Term Bond Inst performance during a given time horizon utilizing its historical volatility. Please specify Wells Fargo time horizon, a valid symbol (red box) and a target price (blue box) you would like Wells Fargo odds to be computed. Also please take a look at Wells Fargo Backtesting, Portfolio Optimization, Wells Fargo Correlation, Wells Fargo Hype Analysis, Wells Fargo Volatility, Wells Fargo History as well as Wells Fargo Performance.
Horizon     30 Days    Login   to change
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Wells Fargo Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 8.64 30 days 8.64  ABOUT 62.4%
Based on normal probability distribution, the odds of Wells Fargo to move above current price in 30 days from now is about 62.4% (This Wells Fargo Short Term Bond Inst probability density function shows the probability of Wells Fargo Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Wells Fargo Short Term Bond Inst has beta of -0.0224 . 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
 Wells Fargo Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.0084
β
Beta against DOW=0.02
σ
Overall volatility
=0.00546
Ir
Information ratio =3.31

Wells Fargo Alerts

Wells Fargo Alerts and Suggestions

On August 31, 2018 Wells Fargo paid $ 0.016 per share dividend to its current shareholders
The fund maintains about 5.97% of its assets in cash

Price Density Drivers

Wells Fargo Health Indicators

Also please take a look at Wells Fargo Backtesting, Portfolio Optimization, Wells Fargo Correlation, Wells Fargo Hype Analysis, Wells Fargo Volatility, Wells Fargo History as well as Wells Fargo Performance. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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