|Horizon||30 Days Login to change|
Wells Fargo Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|8.62||30 days||8.62||ABOUT 30.73%|
Based on normal probability distribution, the odds of Wells Fargo to move above current price in 30 days from now is about 30.73% (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 0.0029 . 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
|Alpha over DOW||=||0.01|
|Beta against DOW||=||0.0029|