Wipro (Germany) Chance of Future Stock Price Finishing Under 3.5
| WIOA Stock | 3.56 0.16 4.71% |
Wipro |
Wipro Target Price Odds to finish below 3.5
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 drop to 3.50 or more in 90 days |
| 3.56 | 90 days | 3.50 | over 95.63 |
Based on a normal probability distribution, the odds of Wipro to drop to 3.50 or more in 90 days from now is over 95.63 (This Wipro probability density function shows the probability of Wipro Stock to fall within a particular range of prices over 90 days) . Probability of Wipro price to stay between 3.50 and its current price of 3.56 at the end of the 90-day period is roughly 2.05 .
Assuming the 90 days trading horizon Wipro has a beta of -0.15. This entails as returns on the benchmark increase, returns on holding Wipro are expected to decrease at a much lower rate. During a bear market, however, Wipro is likely to outperform the market. Additionally Wipro has an alpha of 0.338, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Wipro Price Density |
| Price |
Predictive Modules for Wipro
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. 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.Wipro Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wipro is not an exception. The market had few large corrections towards the Wipro'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, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wipro within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | 0.14 |
Wipro Technical Analysis
Wipro'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. In general, you should focus on analyzing Wipro Stock price patterns and their correlations with different microeconomic environments and drivers.
Wipro Predictive Forecast Models
Wipro's time-series forecasting models is one of many Wipro'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'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.
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 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's short interest history, or implied volatility extrapolated from Wipro options trading.
Additional Tools for Wipro Stock Analysis
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.