Wall Financial Stock Market Value
| WFC Stock | CAD 18.30 0.20 1.08% |
| Symbol | Wells |
Wall Financial Price To Book Ratio
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 stock 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.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Wells Fargo on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Wall Financial or generate 0.0% return on investment in Wells Fargo over 690 days. Wells Fargo is related to or competes with Melcor Developments, Morguard, Madison Pacific, Mainstreet Equity, and Genesis Land. Wall Financial Corporation, together with its subsidiaries, operates as a real estate investment and development company... 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 stock 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 Wall Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 13.92 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.72 |
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.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.44) |
Wall Financial Backtested Returns
Wall Financial shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. Wall Financial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wells Fargo's Market Risk Adjusted Performance of (0.43), mean deviation of 1.34, and Standard Deviation of 2.13 to validate the risk estimate we provide. The firm maintains a market beta of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wells Fargo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wells Fargo is expected to be smaller as well. At this point, Wall Financial has a negative expected return of -0.28%. Please make sure to check out Wells Fargo's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Wall Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Wall Financial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wells Fargo time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th of November 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 Wall Financial price movement. The serial correlation of -0.2 indicates that over 20.0% of current Wells Fargo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 3.51 |
Wall Financial lagged returns against current returns
Autocorrelation, which is Wells Fargo stock'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 stock 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 stock 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wells Fargo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wells Fargo stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Wall Financial.
Regressed Prices |
| Timeline |
Pair Trading with Wells Fargo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wells Fargo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wells Fargo will appreciate offsetting losses from the drop in the long position's value.Moving against Wells Stock
| 0.74 | PIC-A | Premium Income Split | PairCorr |
| 0.65 | FFH | Fairfax Financial | PairCorr |
| 0.48 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.45 | FFH-PF | Fairfax Financial | PairCorr |
| 0.44 | FFH-PK | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Wells Fargo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wells Fargo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wells Fargo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wall Financial to buy it.
The correlation of Wells Fargo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wells Fargo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wall Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wells Fargo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Wells Stock
Wells Fargo financial ratios help investors to determine whether Wells Stock 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.