WFDRX Mutual Fund Manager Performance Evaluation

WFDRX -  USA Fund  

USD 57.33  0.63  1.09%

The entity owns a Beta (Systematic Risk) of 0.4671, which attests to possible diversification benefits within a given portfolio. Let's try to break down what WFDRX's beta means in this case. As returns on the market increase, Wf Discovery returns are expected to increase less than the market. However, during the bear market, the loss on holding Wf Discovery will be expected to be smaller as well. Although it is extremely important to respect Wf Discovery existing price patterns, it is better to be realistic regarding the information on equity price patterns. The approach into determining future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Wf Discovery technical indicators, you can today evaluate if the expected return of 0.0575% will be sustainable into the future.

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 WFDRX Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Wf Discovery are ranked lower than 3 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Wf Discovery is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low42.85
Fifty Two Week High59.87
Annual Report Expense Ratio0.78%

Wf Discovery Relative Risk vs. Return Landscape

If you would invest  5,556  in Wf Discovery on June 29, 2021 and sell it today you would earn a total of  177.00  from holding Wf Discovery or generate 3.19% return on investment over 90 days. Wf Discovery is currently producing 0.0575% returns and takes up 1.1107% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than WFDRX, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Wf Discovery is expected to generate 1.6 times more return on investment than the market. However, the company is 1.6 times more volatile than its market benchmark. It trades about 0.05 of its potential returns per unit of risk. The DOW is currently generating roughly 0.04 per unit of risk.

Wf Discovery Current Valuation

Fairly Valued
Today
57.33
27th of September 2021
Share
Please note that Wf Discovery's price fluctuation is very steady at this time.
Wf Discovery owns a latest Real Value of $58.09 per share. The recent price of the fund is $57.33. At this time, the fund appears to be fairly valued. We determine the value of Wf Discovery from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued equities and dropping overvalued equities since, in the future, stock prices and their ongoing real values will blend.
Our valuation method for Wf Discovery is useful when determining the fair value of the WFDRX mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Wf Discovery. Since Wf Discovery is currently traded on the exchange, buyers and sellers on that exchange determine the market value of WFDRX Mutual Fund. However, Wf Discovery's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
58.09
Real Value
59.20
Upside
Estimating the potential upside or downside of Wf Discovery helps investors to forecast how WFDRX mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Wf Discovery more accurately as focusing exclusively on Wf Discovery's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
53.5656.7960.03
Details
Hype
Prediction
LowEstimated ValueHigh
56.2257.3358.44
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
2.172.272.37
Details

Wf Discovery Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wf Discovery's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Wf Discovery, and traders can use it to determine the average amount a Wf Discovery's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0518

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Estimated Market Risk
 1.11
  actual daily
 
 9 %
of total potential
 
99
Expected Return
 0.06
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.05
  actual daily
 
 3 %
of total potential
 
33
Based on monthly moving average Wf Discovery is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wf Discovery by adding it to a well-diversified portfolio.

About Wf Discovery Performance

To evaluate Wf Discovery Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Wf Discovery generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare WFDRX Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Wf Discovery stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents WFDRX's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its net assets in equity securities of small- and medium-capitalization companies and up to 25 percent of the funds total assets in equity securities of foreign issuers through ADRs and similar investments. Wf Discovery is traded on NASDAQ Exchange in the United States.

Things to note about Wf Discovery

Checking the ongoing alerts about Wf Discovery for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wf Discovery help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Wf Discovery Alerts

Equity Alerts and Improvement Suggestions

Wf Discovery is unlikely to experience financial distress in the next 2 years
The fund keeps 96.31% of its net assets in stocks
Check out Your Current Watchlist. Note that the Wf Discovery information on this page should be used as a complementary analysis to other Wf Discovery's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Wf Discovery price analysis, check to measure Wf Discovery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wf Discovery is operating at the current time. Most of Wf Discovery's value examination focuses on studying past and present price action to predict the probability of Wf Discovery's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Wf Discovery's price. Additionally, you may evaluate how the addition of Wf Discovery to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Wf Discovery's value and its price as these two are different measures arrived at by different means. Investors typically determine Wf Discovery value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wf Discovery's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.