We consider Wells Fargo very steady. Wells Fargo shows Sharpe Ratio of 0.0899 which attests that the company had 0.0899% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Wells Fargo which you can use to evaluate future volatility of the organization. Please check out Wells Fargo Mean Deviation of 1.17, Downside Deviation of 1.73 and Market Risk Adjusted Performance of 0.0719 to validate if risk estimate we provide are consistent with the epected return of 0.1416%.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Almost mirrors market
|Horizon||30 Days Login to change|
Wells Fargo Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Wells Fargo will likely underperform. 3 Months Beta |Analyze Wells Fargo Demand TrendCheck current 30 days Wells Fargo correlation with market (DOW)|
β = 1.1914
Wells Fargo Central Daily Price Deviation
Wells Fargo Technical Analysis
Wells Fargo Projected Return Density Against MarketConsidering 30-days investment horizon, the stock has beta coefficient of 1.1914 . This means as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Wells Fargo will likely underperform. Moreover, The company has an alpha of 0.05 implying that it can potentially generate 0.05% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of Wells Fargo is 1111.83. The daily returns are destributed with a variance of 2.48 and standard deviation of 1.57. The mean deviation of Wells Fargo Company is currently at 1.26. For similar time horizon, the selected benchmark (DOW) has volatility of 0.88
|Alpha over DOW||=||0.05|
|Beta against DOW||=||1.19|
Wells Fargo Return Volatilitythe company has volatility of 1.574% on return distribution over 30 days investment horizon. the entity inherits 0.9084% risk (volatility on return distribution) over the 30 days horizon.
Wells Fargo Investment Opportunity
Wells Fargo Company has a volatility of 1.57 and is 1.73 times more volatile than DOW. 14% of all equities and portfolios are less risky than Wells Fargo. Compared to the overall equity markets, volatility of historical daily returns of Wells Fargo Company is lower than 14 (%) of all global equities and portfolios over the last 30 days. Use Wells Fargo Company to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Wells Fargo to be traded at $48.43 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Wells Fargo will likely underperform.
Wells Fargo correlation with market
Wells Fargo Current Risk Indicators
|Risk Adjusted Performance||0.0531|
|Market Risk Adjusted Performance||0.0719|
|Coefficient Of Variation||1808.62|
Wells Fargo Suggested Diversification Pairs
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