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 
          Price 
    α
    Alpha over DOW
    =0.0007
    β
    Beta against DOW=0.04
    σ
    Overall volatility
    =3.82
    Ir
    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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