Wells Fargo Probability of Target Price Finishing Over Current Price

    SSHIX -- USA Fund  

    USD 8.63  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
     8.63 30 days 8.63  ABOUT 20.87%
    Based on normal probability distribution, the odds of Wells Fargo to move above current price in 30 days from now is about 20.87% (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 has beta of 0.0049 . This entails as returns on market go up, Wells Fargo average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Wells Fargo Short Term Bond Inst will be expected to be much smaller as well. 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 
          Price 
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.0049
    σ
    Overall volatility
    =4.35
    Ir
    Information ratio =7.23

    Wells Fargo Alerts

    Wells Fargo Alerts and Suggestions

    Wells Fargo Short is not yet fully synchronised with the market data
    The fund maintains about 5.97% of its assets in cash

    Price Density Drivers

    Wells Fargo Health Indicators

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