Wells Fargo Total Risk Alpha
| WGBIX Fund | | | USD 13.13 -0.04 -0.30% |
The Total Risk Alpha technical lookup provides context for Wells Fargo Spectrum and related instruments. Coverage varies by data normalization and availability; see
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Wells Fargo Spectrum has current Total Risk Alpha of 0.1931. 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] |
| = | 0.1931 | |
| 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 |
Wells Fargo Total Risk Alpha Peers Comparison
Wells Total Risk Alpha Relative To Other Indicators
Wells Fargo Spectrum ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
35.99 of Maximum Drawdown per Total Risk Alpha. At
35.99 , Wells Fargo Spectrum's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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