Wells Fargo Advantage Fund Market Value

ESPAX Fund  USD 39.24  0.31  0.80%   
Wells Fargo's market value is the price at which a share of Wells Fargo trades on a public exchange. It measures the collective expectations of Wells Fargo Advantage investors about its performance. Wells Fargo is trading at 39.24 as of the 24th of December 2024; that is 0.80% up since the beginning of the trading day. The fund's open price was 38.93.
With this module, you can estimate the performance of a buy and hold strategy of Wells Fargo Advantage 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
01/04/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/24/2024
0.00
If you would invest  0.00  in Wells Fargo on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Wells Fargo Advantage or generate 0.0% return on investment in Wells Fargo over 720 days. Wells Fargo is related to or competes with Wells Fargo, Wells Fargo, Wells Fargo, Wells Fargo, Wells Fargo, Wells Fargo, and Wells Fargo. Under normal circumstances, the fund invests at least 80 percent of the funds net assets in equity securities of small-c... 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 Advantage 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.
Hype
Prediction
LowEstimatedHigh
37.3238.9340.54
Details
Intrinsic
Valuation
LowRealHigh
38.2739.8841.49
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 Advantage.

Wells Fargo Advantage Backtested Returns

Wells Fargo Advantage shows Sharpe Ratio of -0.0709, which attests that the fund had a -0.0709% return per unit of risk over the last 3 months. Wells Fargo Advantage exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wells Fargo's Mean Deviation of 0.8889, standard deviation of 1.59, and Market Risk Adjusted Performance of (0.1) to validate the risk estimate we provide. The entity maintains a market beta of 1.4, 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

    
  -0.06  

Very weak reverse predictability

Wells Fargo Advantage has very weak reverse predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th of December 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 Advantage price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Wells Fargo price fluctuation can be explain by its past prices.
Correlation Coefficient-0.06
Spearman Rank Test0.23
Residual Average0.0
Price Variance3.26

Wells Fargo Advantage 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 has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price 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 Advantage.
   Regressed Prices   
       Timeline  

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.

Other Information on Investing in Wells Mutual Fund

Wells Fargo financial ratios help investors to determine whether Wells Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wells with respect to the benefits of owning Wells Fargo security.
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