Wells Fargo Advantage Fund Technical Analysis
| ESPRX Fund | USD 47.53 0.09 0.19% |
As of the 28th of November, Wells Fargo maintains the Market Risk Adjusted Performance of 0.0933, mean deviation of 0.8454, and Downside Deviation of 0.9155. Wells Fargo Advantage technical analysis makes it possible for you to employ past prices and volume data with the intention to determine a pattern that calculates the direction of the fund's future prices.
Wells Fargo Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wells, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WellsWells |
Wells Fargo technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Wells Fargo Advantage Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Wells Fargo Advantage volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Wells Fargo Advantage Trend Analysis
Use this graph to draw trend lines for Wells Fargo Advantage. You can use it to identify possible trend reversals for Wells Fargo as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Wells Fargo price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Wells Fargo Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Wells Fargo Advantage applied against its price change over selected period. The best fit line has a slop of 0.07 , which means Wells Fargo Advantage will continue generating value for investors. It has 122 observation points and a regression sum of squares at 197.82, which is the sum of squared deviations for the predicted Wells Fargo price change compared to its average price change.About Wells Fargo Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Wells Fargo Advantage on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Wells Fargo Advantage based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Wells Fargo Advantage price pattern first instead of the macroeconomic environment surrounding Wells Fargo Advantage. By analyzing Wells Fargo's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Wells Fargo's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Wells Fargo specific price patterns or momentum indicators. Please read more on our technical analysis page.
Wells Fargo November 28, 2024 Technical Indicators
Most technical analysis of Wells help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Wells from various momentum indicators to cycle indicators. When you analyze Wells charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0814 | |||
| Market Risk Adjusted Performance | 0.0933 | |||
| Mean Deviation | 0.8454 | |||
| Semi Deviation | 0.7989 | |||
| Downside Deviation | 0.9155 | |||
| Coefficient Of Variation | 985.0 | |||
| Standard Deviation | 1.2 | |||
| Variance | 1.45 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0833 | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.77 | |||
| Downside Variance | 0.8382 | |||
| Semi Variance | 0.6383 | |||
| Expected Short fall | (0.99) | |||
| Skewness | 1.88 | |||
| Kurtosis | 8.5 |
Wells Fargo Advantage One Year Return
Based on the recorded statements, Wells Fargo Advantage has an One Year Return of 27.9113%. This is much higher than that of the Wells Fargo Funds family and significantly higher than that of the Small Value category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.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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