Wells Fargo Discovery Fund Market Value

WFDSX Fund  USD 30.20  0.02  0.07%   
Wells Fargo's market value is the price at which a share of Wells Fargo stock trades on a public exchange. It measures the collective expectations of Wells Fargo Discovery investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Wells Fargo Discovery and determine expected loss or profit from investing in Wells Fargo over a given investment horizon.
Check out Wells Fargo Correlation, Wells Fargo Volatility and Wells Fargo Alpha and Beta module to complement your research on Wells Fargo.
For more information on how to buy Wells Mutual Fund please use our How to Invest in Wells Fargo guide.
Symbol

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

Wells Fargo 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Wells Fargo's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Wells Fargo.
0.00
03/29/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/18/2024
0.00
If you would invest  0.00  in Wells Fargo on March 29, 2022 and sell it all today you would earn a total of 0.00 from holding Wells Fargo Discovery or generate 0.0% return on investment in Wells Fargo over 720 days. Wells Fargo is related to or competes with USCF Gold, Wells Fargo, Wells Fargo, Wells Fargo, Wells Fargo, Wells Fargo, and Wells Fargo. The fund normally invests at least 80 percent of its net assets in equity securities of small- and medium-capitalization... More

Wells Fargo Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Wells Fargo's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Wells Fargo Discovery upside and downside potential and time the market with a certain degree of confidence.

Wells Fargo Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wells Fargo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wells Fargo's standard deviation. In reality, there are many statistical measures that can use Wells Fargo historical prices to predict the future Wells Fargo's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Wells Fargo's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Wells Fargo in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
29.1330.2131.29
Details
Intrinsic
Valuation
LowRealHigh
28.8029.8830.96
Details
Naive
Forecast
LowNextHigh
29.0630.1531.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.9429.5231.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Wells Fargo. Your research has to be compared to or analyzed against Wells Fargo's peers to derive any actionable benefits. When done correctly, Wells Fargo's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Wells Fargo Discovery.

Wells Fargo Discovery Backtested Returns

We consider Wells Fargo very steady. Wells Fargo Discovery shows Sharpe Ratio of 0.11, which attests that the fund had 0.11% return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Wells Fargo Discovery, which you can use to evaluate the future volatility of the fund. Please check out Wells Fargo's Mean Deviation of 0.8567, market risk adjusted performance of 0.137, and Downside Deviation of 1.16 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The entity maintains a market beta of 1.43, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wells Fargo will likely underperform.

Auto-correlation

    
  0.05  

Virtually no predictability

Wells Fargo Discovery has virtually no predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from 29th of March 2022 to 24th of March 2023 and 24th of March 2023 to 18th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wells Fargo Discovery price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Wells Fargo price fluctuation can be explain by its past prices.
Correlation Coefficient0.05
Spearman Rank Test-0.33
Residual Average0.0
Price Variance2.68

Wells Fargo Discovery lagged returns against current returns

Autocorrelation, which is Wells Fargo mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Wells Fargo's mutual fund expected returns. We can calculate the autocorrelation of Wells Fargo returns to help us make a trade decision. For example, suppose you find that Wells Fargo mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Wells Fargo regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Wells Fargo mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wells Fargo mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wells Fargo mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Wells Fargo Lagged Returns

When evaluating Wells Fargo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wells Fargo mutual fund have on its future price. Wells Fargo autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Wells Fargo autocorrelation shows the relationship between Wells Fargo mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wells Fargo Discovery.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Wells Fargo in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Wells Fargo's short interest history, or implied volatility extrapolated from Wells Fargo options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Wells Fargo Correlation, Wells Fargo Volatility and Wells Fargo Alpha and Beta module to complement your research on Wells Fargo.
For more information on how to buy Wells Mutual Fund please use our How to Invest in Wells Fargo guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Wells Mutual Fund analysis

When running Wells Fargo's price analysis, check to measure Wells Fargo'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 Wells Fargo is operating at the current time. Most of Wells Fargo's value examination focuses on studying past and present price action to predict the probability of Wells Fargo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wells Fargo's price. Additionally, you may evaluate how the addition of Wells Fargo to your portfolios can decrease your overall portfolio volatility.
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Wells Fargo technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Wells Fargo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wells Fargo trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...