WFEHX Mutual Fund Volatility

WFEHX -  USA Fund  

USD 12.91  0.00  0.00%

Wf International Equity retains Efficiency (Sharpe Ratio) of -0.12, which attests that the fund had -0.12% of return per unit of price deviation over the last 3 months. Macroaxis approach into determining the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Wf International exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Wf International Equity market risk adjusted performance of 0.5018, and Standard Deviation of 0.7733 to validate the risk estimate we provide.

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Wf International Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of WFEHX daily returns, and it is calculated using variance and standard deviation. We also use WFEHX's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Wf International volatility.

270 Days Market Risk

Very steady

Chance of Distress

Below Average

270 Days Economic Sensitivity

Almost neglects market trends

Wf International Market Sensitivity And Downside Risk

Wf International's beta coefficient measures the volatility of WFEHX mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents WFEHX mutual fund's returns against your selected market. In other words, Wf International's beta of -0.24 provides an investor with an approximation of how much risk Wf International mutual fund can potentially add to one of your existing portfolios.
Let's try to break down what WFEHX's beta means in this case. As returns on the market increase, returns on owning Wf International are expected to decrease at a much lower rate. During the bear market, Wf International is likely to outperform the market.
3 Months Beta |Analyze Wf International Equity Demand Trend
Check current 90 days Wf International correlation with market (DOW)

WFEHX Beta

    
  -0.24  
WFEHX standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.76  
It is essential to understand the difference between upside risk (as represented by Wf International's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Wf International stock's daily returns or price. Since the actual investment returns on holding a position in Wf International stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Wf International.

Wf International Equity Mutual Fund Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Wf International Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Wf International Equity moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

Wf International Projected Return Density Against Market

Assuming the 90 days horizon Wf International Equity has a beta of -0.2352 . This entails as returns on benchmark increase, returns on holding Wf International are expected to decrease at a much lower rate. During the bear market, however, Wf International Equity is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Wf International or Wells Fargo Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Wf International stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a WFEHX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Wf International Equity is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Wf International Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Wf International or Wells Fargo Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Wf International stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a WFEHX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Wf International is -822.37. The daily returns are distributed with a variance of 0.58 and standard deviation of 0.76. The mean deviation of Wf International Equity is currently at 0.57. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
-0.11
β
Beta against DOW-0.24
σ
Overall volatility
0.76
Ir
Information ratio -0.19

Wf International Mutual Fund Return Volatility

Wf International historical daily return volatility represents how much Wf International stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The fund shows 0.763% volatility of returns over 90 . By contrast, DOW inherits 0.7173% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Wf International Volatility

Volatility is a rate at which the price of Wf International or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Wf International may increase or decrease. In other words, similar to WFEHX's beta indicator, it measures the risk of Wf International and helps estimate the fluctuations that may happen in a short period of time. So if prices of Wf International fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The fund invests at least 80 percent of the funds net assets in equity securities of foreign issuers. Wf International is traded on NASDAQ Exchange in the United States.

Wf International Investment Opportunity

Wf International Equity has a volatility of 0.76 and is 1.06 times more volatile than DOW. of all equities and portfolios are less risky than Wf International. Compared to the overall equity markets, volatility of historical daily returns of Wf International Equity is lower than 6 () of all global equities and portfolios over the last 90 days. Use Wf International Equity to protect your portfolios against small market fluctuations. The mutual fund experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Wf International to be traded at $12.78 in 90 days. . Let's try to break down what WFEHX's beta means in this case. As returns on the market increase, returns on owning Wf International are expected to decrease at a much lower rate. During the bear market, Wf International is likely to outperform the market.

Very good diversification

The correlation between Wf International Equity and DJI is Very good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wf International Equity and DJI in the same portfolio assuming nothing else is changed.

Wf International Additional Risk Indicators

The analysis of Wf International's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Wf International's investment and either accepting that risk or mitigating it. Along with some common measures of Wf International stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.09)
Market Risk Adjusted Performance0.5018
Mean Deviation0.5872
Coefficient Of Variation(731.85)
Standard Deviation0.7733
Variance0.598
Information Ratio(0.19)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Wf International Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Wf International as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Wf International's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Wf International's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Wf International Equity.
Check out Your Current Watchlist. Note that the Wf International Equity information on this page should be used as a complementary analysis to other Wf International'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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Please note, there is a significant difference between Wf International's value and its price as these two are different measures arrived at by different means. Investors typically determine Wf International value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wf International'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.