Wipro (India) Chance of Future Stock Price Finishing Under 562.02
| WIPRO Stock | 577.85 5.65 0.99% |
Wipro |
Wipro Target Price Odds to finish below 562.02
The tendency of Wipro Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 562.02 or more in 90 days |
| 577.85 | 90 days | 562.02 | about 80.96 |
Based on a normal probability distribution, the odds of Wipro to drop to 562.02 or more in 90 days from now is about 80.96 (This Wipro Limited probability density function shows the probability of Wipro Stock to fall within a particular range of prices over 90 days) . Probability of Wipro Limited price to stay between 562.02 and its current price of 577.85 at the end of the 90-day period is about 15.11 .
Assuming the 90 days trading horizon Wipro has a beta of 0.97. This entails Wipro Limited market returns are highly reactive to returns on the market. As the market goes up or down, Wipro is expected to follow. Additionally Wipro Limited has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Wipro Price Density |
| Price |
Predictive Modules for Wipro
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wipro Limited. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Wipro Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wipro is not an exception. The market had few large corrections towards the Wipro's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Wipro Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wipro within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0077 | |
β | Beta against Dow Jones | 0.97 | |
σ | Overall volatility | 17.53 | |
Ir | Information ratio | -0.0076 |
Wipro Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Wipro for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wipro Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 73.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Wipro underperforms Friday when compared to competitors despite daily gains - MarketWatch |
Wipro Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Wipro Stock often depends not only on the future outlook of the current and potential Wipro's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Wipro's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.3 B | |
| Cash And Short Term Investments | 408.1 B |
Wipro Technical Analysis
Wipro's future price can be derived by breaking down and analyzing its technical indicators over time. Wipro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wipro Limited. In general, you should focus on analyzing Wipro Stock price patterns and their correlations with different microeconomic environments and drivers.
Wipro Predictive Forecast Models
Wipro's time-series forecasting models is one of many Wipro's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Wipro's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Wipro Limited
Checking the ongoing alerts about Wipro for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wipro Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 73.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Wipro underperforms Friday when compared to competitors despite daily gains - MarketWatch |
Other Information on Investing in Wipro Stock
Wipro financial ratios help investors to determine whether Wipro 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 Wipro with respect to the benefits of owning Wipro security.