Wipro (Germany) Market Value
| WIOA Stock | 3.40 0.02 0.59% |
| Symbol | Wipro |
Wipro 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Wipro's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Wipro.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Wipro on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Wipro or generate 0.0% return on investment in Wipro over 180 days.
Wipro Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Wipro's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Wipro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.0883 | |||
| Maximum Drawdown | 10.46 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 4.17 |
Wipro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wipro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wipro's standard deviation. In reality, there are many statistical measures that can use Wipro historical prices to predict the future Wipro's volatility.| Risk Adjusted Performance | 0.1043 | |||
| Jensen Alpha | 0.1619 | |||
| Total Risk Alpha | 0.0125 | |||
| Sortino Ratio | 0.0882 | |||
| Treynor Ratio | 0.2131 |
Wipro Backtested Returns
Wipro appears to be slightly risky, given 3 months investment horizon. Wipro shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wipro, which you can use to evaluate the volatility of the company. Please utilize Wipro's Downside Deviation of 2.16, market risk adjusted performance of 0.2231, and Mean Deviation of 1.62 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wipro holds a performance score of 8. The firm maintains a market beta of 1.32, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wipro will likely underperform. Please check Wipro's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Wipro's historical returns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Wipro has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wipro time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wipro price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Wipro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Wipro lagged returns against current returns
Autocorrelation, which is Wipro stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Wipro's stock expected returns. We can calculate the autocorrelation of Wipro returns to help us make a trade decision. For example, suppose you find that Wipro has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Wipro regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Wipro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wipro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wipro stock over time.
Current vs Lagged Prices |
| Timeline |
Wipro Lagged Returns
When evaluating Wipro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wipro stock have on its future price. Wipro autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Wipro autocorrelation shows the relationship between Wipro stock current value and its past values and can show if there is a momentum factor associated with investing in Wipro.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Wipro Stock Analysis
When running Wipro's price analysis, check to measure Wipro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wipro is operating at the current time. Most of Wipro's value examination focuses on studying past and present price action to predict the probability of Wipro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wipro's price. Additionally, you may evaluate how the addition of Wipro to your portfolios can decrease your overall portfolio volatility.