Wipro is selling for under 3.40 as of the 13th of December 2024; that is 0.59 percent increase since the beginning of the trading day. The stock's last reported lowest price was 3.38. Wipro has hardly any chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Wipro has reported 1 for 2 split on 11th of December 2024. The performance scores are derived for the period starting the 19th of December 2023 and ending today, the 13th of December 2024. Click here to learn more.
Although Wipro's alpha and beta are two of the key measurements used to evaluate Wipro's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Wipro stock to make a market-neutral strategy. Peer analysis of Wipro could also be used in its relative valuation, which is a method of valuing Wipro by comparing valuation metrics with similar companies.
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.