Wipro (India) Market Value
| WIPRO Stock | 589.00 6.55 1.12% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Wipro on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Wipro Limited or generate 0.0% return on investment in Wipro over 30 days. Wipro is related to or competes with Aster DM, Rajnandini Metal, LLOYDS METALS, Fortis Healthcare, Bajaj Healthcare, Navneet Education, and Sarthak Metals. Wipro is entity of India. It is traded as Stock on NSE exchange. More
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 Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0359 | |||
| Maximum Drawdown | 7.48 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.7 |
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 | 0.0926 | |||
| Jensen Alpha | 0.2025 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0416 | |||
| Treynor Ratio | (0.85) |
Wipro Limited Backtested Returns
As of now, Wipro Stock is very steady. Wipro Limited shows Sharpe Ratio of 0.0967, which attests that the company had a 0.0967% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wipro Limited, which you can use to evaluate the volatility of the company. Please check out Wipro's Mean Deviation of 1.22, downside deviation of 1.42, and Market Risk Adjusted Performance of (0.84) to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Wipro has a performance score of 7 on a scale of 0 to 100. The firm maintains a market beta of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wipro are expected to decrease at a much lower rate. During the bear market, Wipro is likely to outperform the market. Wipro Limited right now maintains a risk of 1.62%. Please check out Wipro Limited total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to decide if Wipro Limited will be following its historical returns.
Auto-correlation | 0.74 |
Good predictability
Wipro Limited has good predictability. Overlapping area represents the amount of predictability between Wipro time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Limited price movement. The serial correlation of 0.74 indicates that around 74.0% of current Wipro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 109.09 |
Wipro Limited 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 Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.