WELLS FARGO Total Risk Alpha
| STYAX Fund | | | USD 11.27 0.04 0.36% |
Observed values used to calculate the Total Risk Alpha technical indicator for Wells Fargo Income. Additional screening context is available through
Equity Screeners.
Wells Fargo Income has current Total Risk Alpha of 0.0062. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0062 | |
| ER[a] | = | Expected return on investing in WELLS FARGO |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on WELLS FARGO |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Wells Fargo Income is rated
fifth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
170.00 of Maximum Drawdown per Total Risk Alpha.
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare WELLS FARGO to Peers
Other Technical Indicators