Wipro Limited Stock Forecast - Naive Prediction
| WIT Stock | USD 5.16 0.09 1.71% |
The Naive Prediction forecasted value of Wipro Limited ADR on the next trading day is expected to be 4.95 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.06. Wipro Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Wipro Limited stock prices and determine the direction of Wipro Limited ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Wipro Limited's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Wipro Limited's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Wipro Limited's systematic risk associated with finding meaningful patterns of Wipro Limited fundamentals over time.
Check out Historical Fundamental Analysis of Wipro Limited to cross-verify your projections. Wipro |
Open Interest Against 2024-04-19 Wipro Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Wipro Limited's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Wipro Limited's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Wipro Limited stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Wipro Limited's open interest, investors have to compare it to Wipro Limited's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Wipro Limited is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Wipro. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Wipro Limited cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Wipro Limited's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Wipro Limited's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Wipro Limited is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Wipro Limited ADR value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. Wipro Limited Naive Prediction Price Forecast For the 20th of April
Given 90 days horizon, the Naive Prediction forecasted value of Wipro Limited ADR on the next trading day is expected to be 4.95 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.06.Please note that although there have been many attempts to predict Wipro Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Wipro Limited's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wipro Limited Stock Forecast Pattern
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Wipro Limited Forecasted Value
In the context of forecasting Wipro Limited's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Wipro Limited's downside and upside margins for the forecasting period are 3.47 and 6.42, respectively. We have considered Wipro Limited's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Wipro Limited stock data series using in forecasting. Note that when a statistical model is used to represent Wipro Limited stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 114.9117 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0655 |
| MAPE | Mean absolute percentage error | 0.0112 |
| SAE | Sum of the absolute errors | 4.0636 |
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.
Other Forecasting Options for Wipro Limited
For every potential investor in Wipro, whether a beginner or expert, Wipro Limited's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wipro Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wipro. Basic forecasting techniques help filter out the noise by identifying Wipro Limited's price trends.Wipro Limited Related Equities
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 Limited stock to make a market-neutral strategy. Peer analysis of Wipro Limited could also be used in its relative valuation, which is a method of valuing Wipro Limited by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wipro Limited ADR Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Wipro Limited's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Wipro Limited's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Wipro Limited Market Strength Events
Market strength indicators help investors to evaluate how Wipro Limited stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wipro Limited shares will generate the highest return on investment. By undertsting and applying Wipro Limited stock market strength indicators, traders can identify Wipro Limited ADR entry and exit signals to maximize returns.
| Accumulation Distribution | 54711.18 | |||
| Daily Balance Of Power | (1.12) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 5.2 | |||
| Day Typical Price | 5.19 | |||
| Price Action Indicator | (0.09) | |||
| Period Momentum Indicator | (0.09) |
Wipro Limited Risk Indicators
The analysis of Wipro Limited's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Wipro Limited's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wipro stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.12 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.11 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Wipro Limited in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Wipro Limited's short interest history, or implied volatility extrapolated from Wipro Limited options trading.
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.When determining whether Wipro Limited ADR is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Wipro Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Wipro Limited Adr Stock. Highlighted below are key reports to facilitate an investment decision about Wipro Limited Adr Stock:Check out Historical Fundamental Analysis of Wipro Limited to cross-verify your projections. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.