Wipro Limited (WIT) — Stock Correlations & Overview
Over the past year, WIT has moved most closely with INFY, SNOY, SNOW. Explore the stocks most correlated and inversely correlated with WIT below, along with its price, financials, and company profile.
Stocks correlated with WIT
Correlation of daily returns. Higher positive values move with WIT; negative values move opposite it. Informational only, not investment advice.
Most correlated with WIT
| Symbol | Company | Correlation |
|---|---|---|
| INFY | Infosys Limited American Depositary Shares | 0.44 |
| SNOY | YieldMax SNOW Option Income Strategy ETF | 0.34 |
| SNOW | Snowflake Inc.SERVICES-PREPACKAGED SOFTWARE | 0.32 |
| GIB | CGI Inc. | 0.31 |
| CTSH | Cognizant Technology SolutionsSERVICES-COMPUTER PROGRAMMING SERVICES | 0.31 |
Most inversely correlated with WIT
| Symbol | Company | Correlation |
|---|---|---|
| CEPO | Cantor Equity Partners I, Inc. Class A Ordinary SharesBLANK CHECKS | -0.32 |
| TC | Token Cat Limited American Depositary Shares | -0.30 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.23 |
| PNRG | PrimeEnergy Resources Corporation Common StockCRUDE PETROLEUM & NATURAL GAS | -0.23 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.22 |
Frequently asked questions about WIT correlations
- Which stocks are most correlated with WIT?
- Based on one year of daily returns, the stocks most correlated with Wipro Limited (WIT) are INFY (0.44), SNOY (0.34) and SNOW (0.32). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with WIT?
- Over the past year, the stocks most inversely correlated with Wipro Limited (WIT) are CEPO (-0.32), TC (-0.30) and FLYD (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these WIT correlations calculated?
- We compute the correlation of daily returns between WIT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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