Wells Price To Book Ratio from 2010 to 2024

WFC Stock  CAD 18.50  0.30  1.65%   
Wells Fargo Price To Book Ratio yearly trend continues to be very stable with very little volatility. Price To Book Ratio is likely to drop to 2.86. Price To Book Ratio is a ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter's book value per share. View All Fundamentals
 
Price To Book Ratio  
First Reported
2010-12-31
Previous Quarter
5.36766209
Current Value
2.86
Quarterly Volatility
1.53127711
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Wells Fargo financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Wells Fargo's main balance sheet or income statement drivers, such as Depreciation And Amortization of 12.1 M, Interest Expense of 28.3 M or Selling General Administrative of 4.8 M, as well as many indicators such as Price To Sales Ratio of 5.74, Dividend Yield of 0.11 or PTB Ratio of 2.86. Wells financial statements analysis is a perfect complement when working with Wells Fargo Valuation or Volatility modules.
  
This module can also supplement various Wells Fargo Technical models . Check out the analysis of Wells Fargo Correlation against competitors.
To learn how to invest in Wells Stock, please use our How to Invest in Wells Fargo guide.

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

  0.64IMP Intermap TechnologiesPairCorr
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.
Pair CorrelationCorrelation Matching

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.