Wells Fargo Probability of Target Price Finishing Over Current Price

    SSHIX -- USA Fund  

    USD 8.75  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 World Market Map.
    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
     8.75 30 days 8.75  ABOUT 28.1%
    Based on normal probability distribution, the odds of Wells Fargo to move above current price in 30 days from now is about 28.1% (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 -0.0358 . 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. Wells Fargo Short is significantly underperforming DOW.
     Wells Fargo Price Density 
    Alpha over DOW
    Beta against DOW=0.04
    Overall volatility
    Information ratio =0.36

    Wells Fargo Alerts and Suggestions

    Wells Fargo Short is not yet fully synchronised with the market data
    The fund maintains about 6.2% of its assets in cash

    Wells FargoPrice Density Drivers

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