Wipro Limited Adr Stock Probability of Future Stock Price Finishing Under 11.96
| WIT Stock | USD 5.46 0.12 2.15% |
Closest to current price Wipro long CALL Option Payoff at Expiration
Wipro |
Wipro Limited Target Price Odds to finish below 11.96
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 stay under $ 11.96 after 90 days |
| 5.46 | 90 days | 11.96 | close to 99 |
Based on a normal probability distribution, the odds of Wipro Limited to stay under $ 11.96 after 90 days from now is close to 99 (This Wipro Limited ADR probability density function shows the probability of Wipro Stock to fall within a particular range of prices over 90 days) . Probability of Wipro Limited ADR price to stay between its current price of $ 5.46 and $ 11.96 at the end of the 90-day period is under 95 .
Considering the 90-day investment horizon Wipro Limited ADR has a beta of -0.51. This entails as returns on the benchmark increase, returns on holding Wipro Limited are expected to decrease at a much lower rate. During a bear market, however, Wipro Limited ADR is likely to outperform the market. Additionally Wipro Limited ADR has an alpha of 0.0829, implying that it can generate a 0.0829 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Wipro Limited Price Density |
| Price |
Predictive Modules for Wipro Limited
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 ADR. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wipro Limited's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wipro Limited Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wipro Limited is not an exception. The market had few large corrections towards the Wipro Limited'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 ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wipro Limited within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.08 | |
β | Beta against NYSE Composite | -0.51 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | 0 |
Wipro Limited 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 Limited for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wipro Limited ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wipro Limited ADR generated a negative expected return over the last 90 days | |
| Wipro Limited ADR is unlikely to experience financial distress in the next 2 years | |
| Latest headline from livemint.com: Wipro Share Price Live blog for 12 Apr 2024 |
Wipro Limited 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 Limited'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 Limited's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.5 B | |
| Cash And Short Term Investments | 410.2 B |
Wipro Limited Technical Analysis
Wipro Limited'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 ADR. In general, you should focus on analyzing Wipro Stock price patterns and their correlations with different microeconomic environments and drivers.
Wipro Limited Predictive Forecast Models
Wipro Limited's time-series forecasting models is one of many Wipro Limited'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 Limited'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 ADR
Checking the ongoing alerts about Wipro Limited for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wipro Limited ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wipro Limited ADR generated a negative expected return over the last 90 days | |
| Wipro Limited ADR is unlikely to experience financial distress in the next 2 years | |
| Latest headline from livemint.com: Wipro Share Price Live blog for 12 Apr 2024 |
Check out Wipro Limited Backtesting, Wipro Limited Valuation, Wipro Limited Correlation, Wipro Limited Hype Analysis, Wipro Limited Volatility, Wipro Limited History as well as Wipro Limited Performance. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary 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.
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Is Wipro Limited's industry 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 (0.07) | Dividend Share 1 | Earnings Share 0.26 | Revenue Per Share 169.494 | Quarterly Revenue Growth (0.04) |
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.