Wells Fargo Discovery Fund Quote

WFDRX Fund  USD 30.71  0.02  0.07%   

Performance

11 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 37

 
100  
 
Zero
Below Average
Wells Fargo is trading at 30.71 as of the 19th of March 2024; that is 0.07% increase since the beginning of the trading day. The fund's open price was 30.69. Wells Fargo has about a 37 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Wells Fargo Discovery are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of January 2024 and ending today, the 19th of March 2024. Click here to learn more.
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. More on Wells Fargo Discovery

Moving together with Wells Mutual Fund

  0.74VMPRX Wells Fargo StrategicPairCorr
  0.66EMGDX Wells Fargo EmergingPairCorr
  0.74SSTYX Wells Fargo Short-termPairCorr
  0.89WSCJX Wells Fargo SmallPairCorr

Wells Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Wells Fargo's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Wells Fargo or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationWells Fargo Funds, Large Funds, Mid-Cap Growth Funds, Mid-Cap Growth, Wells Fargo Funds (View all Sectors)
Update Date31st of March 2024
Wells Fargo Discovery [WFDRX] is traded in USA and was established 19th of March 2024. Wells Fargo is listed under Wells Fargo Funds category by Fama And French industry classification. The fund is listed under Mid-Cap Growth category and is part of Wells Fargo Funds family. This fund at this time has accumulated 2.95 B in net assets with no minimum investment requirementsWells Fargo Discovery is currently producing year-to-date (YTD) return of 6.86%, while the total return for the last 3 years was -8.32%.
Check Wells Fargo Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Wells Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Wells Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Wells Fargo Discovery Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Wells Fargo Discovery Mutual Fund Constituents

BFAMBright Horizons FamilyStockConsumer Discretionary
ESTCElastic NVStockInformation Technology
HQYHealthEquityStockHealth Care
AVLRAvalaraStockSoftware—Application
CSGPCoStar GroupStockIndustrials
BILLBill Com HoldingsStockInformation Technology
BKIBlack KnightStockInformation Technology
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Wells Fargo Target Price Odds Analysis

Based on a normal probability distribution, the odds of Wells Fargo jumping above the current price in 90 days from now is about 9.88%. The Wells Fargo Discovery probability density function shows the probability of Wells Fargo mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Wells Fargo Discovery has a beta of -0.1459. This entails as returns on benchmark increase, returns on holding Wells Fargo are expected to decrease at a much lower rate. During the bear market, however, Wells Fargo Discovery is likely to outperform the market. Additionally, the company has an alpha of 0.2013, implying that it can generate a 0.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 30.71HorizonTargetOdds Above 30.71
89.98%90 days
 30.71 
9.88%
Based on a normal probability distribution, the odds of Wells Fargo to move above the current price in 90 days from now is about 9.88 (This Wells Fargo Discovery probability density function shows the probability of Wells Mutual Fund to fall within a particular range of prices over 90 days) .

Wells Fargo Discovery Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Wells Fargo market risk premium is the additional return an investor will receive from holding Wells Fargo long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Wells Fargo. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Wells Fargo's alpha and beta are two of the key measurements used to evaluate Wells Fargo's performance over the market, the standard measures of volatility play an important role as well.

Wells Fargo Against Markets

Picking the right benchmark for Wells Fargo mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Wells Fargo mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Wells Fargo is critical whether you are bullish or bearish towards Wells Fargo Discovery at a given time. Please also check how Wells Fargo's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wells Fargo without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Wells Mutual Fund?

Before investing in Wells Fargo, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Wells Fargo. To buy Wells Fargo fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Wells Fargo. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Wells Fargo fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Wells Fargo Discovery fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Wells Fargo Discovery fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Wells Fargo Discovery, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Wells Fargo Discovery?

The danger of trading Wells Fargo Discovery is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Wells Fargo is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Wells Fargo. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wells Fargo Discovery is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wells Fargo Discovery. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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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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.