Wells Fargo Advantage Fund Quote
| WGLSX Fund | USD 15.44 0.07 0.46% |
Performance1 of 100
| Odds Of DistressLess than 9
|
Wells Fargo is trading at 15.44 as of the 22nd of November 2024; that is 0.46 percent up since the beginning of the trading day. The fund's open price was 15.37. Wells Fargo has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Wells Fargo Advantage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
The fund adviser seeks to provide higher risk-adjusted returns with lower volatility compared to domestic equity markets. The adviser will establish long and short positions in a portfolio of equity securities of companies of all market capitalizations. More on Wells Fargo Advantage
Moving together with Wells Mutual Fund
| 0.8 | WAAEX | Wasatch Small Cap | PairCorr |
| 0.88 | WAGSX | Wasatch Global Select | PairCorr |
| 0.89 | WAGOX | Wasatch Global Oppor | PairCorr |
Moving against Wells Mutual Fund
Wells Mutual Fund Highlights
| Fund Concentration | Wasatch Funds, Large Funds, Long-Short Equity Funds, Long-Short Equity, Wasatch (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 31st of January 2023 |
| Fiscal Year End | September |
Wells Fargo Advantage [WGLSX] is traded in USA and was established 22nd of November 2024. Wells Fargo is listed under Wasatch category by Fama And French industry classification. The fund is listed under Long-Short Equity category and is part of Wasatch family. This fund at this time has accumulated 28.7 M in net assets with no minimum investment requirementsWells Fargo Advantage is currently producing year-to-date (YTD) return of 16.16%, while the total return for the last 3 years was 11.32%.
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 Advantage 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.
Wells Fargo Advantage Risk Profiles
| Mean Deviation | 0.5849 | |||
| Semi Deviation | 0.7452 | |||
| Standard Deviation | 0.8789 | |||
| Variance | 0.7725 |
Wells Fargo Against Markets
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.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |