Wipro Limited Adr Stock Market Value
| WIT Stock | USD 6.98 0.19 2.80% |
| Symbol | Wipro |
Wipro Limited ADR Price To Book Ratio
Is IT Consulting & Other Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wipro Limited. If investors know Wipro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wipro Limited listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.214 | Earnings Share 0.27 | Revenue Per Share 169.791 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0765 |
The market value of Wipro Limited ADR is measured differently than its book value, which is the value of Wipro that is recorded on the company's balance sheet. Investors also form their own opinion of Wipro Limited's value that differs from its market value or its book value, called intrinsic value, which is Wipro Limited's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wipro Limited's market value can be influenced by many factors that don't directly affect Wipro Limited's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wipro Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wipro Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wipro Limited's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Wipro Limited '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 Limited'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 Limited.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Wipro Limited on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Wipro Limited ADR or generate 0.0% return on investment in Wipro Limited over 720 days. Wipro Limited is related to or competes with Cognizant Technology, Accenture Plc, Gartner, Infosys, Broadridge Financial, CDW Corp, and WNS Holdings. Wipro Limited operates as information technology , consulting, and business process services company worldwide More
Wipro Limited 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 Limited'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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0164 | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 3.14 |
Wipro Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wipro Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wipro Limited's standard deviation. In reality, there are many statistical measures that can use Wipro Limited historical prices to predict the future Wipro Limited's volatility.| Risk Adjusted Performance | 0.0666 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0204 | |||
| Treynor Ratio | 0.1115 |
Wipro Limited ADR Backtested Returns
Wipro Limited appears to be somewhat reliable, given 3 months investment horizon. Wipro Limited ADR shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wipro Limited ADR, which you can use to evaluate the volatility of the company. Please utilize Wipro Limited's Mean Deviation of 1.33, market risk adjusted performance of 0.1215, and Downside Deviation of 1.38 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wipro Limited holds a performance score of 9. The firm maintains a market beta of 1.15, which attests to a somewhat significant risk relative to the market. Wipro Limited returns are very sensitive to returns on the market. As the market goes up or down, Wipro Limited is expected to follow. Please check Wipro Limited's total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to make a quick decision on whether Wipro Limited's historical returns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Wipro Limited ADR has very weak predictability. Overlapping area represents the amount of predictability between Wipro Limited time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 ADR price movement. The serial correlation of 0.18 indicates that over 18.0% of current Wipro Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Wipro Limited ADR lagged returns against current returns
Autocorrelation, which is Wipro Limited 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 Limited's stock expected returns. We can calculate the autocorrelation of Wipro Limited returns to help us make a trade decision. For example, suppose you find that Wipro Limited 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 Limited 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 Limited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wipro Limited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wipro Limited stock over time.
Current vs Lagged Prices |
| Timeline |
Wipro Limited Lagged Returns
When evaluating Wipro Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wipro Limited stock have on its future price. Wipro Limited 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 Limited autocorrelation shows the relationship between Wipro Limited stock current value and its past values and can show if there is a momentum factor associated with investing in Wipro Limited ADR.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Wipro Stock Analysis
When running Wipro Limited's price analysis, check to measure Wipro Limited'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 Limited is operating at the current time. Most of Wipro Limited's value examination focuses on studying past and present price action to predict the probability of Wipro Limited'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 Limited's price. Additionally, you may evaluate how the addition of Wipro Limited to your portfolios can decrease your overall portfolio volatility.