The company owns a Beta (Systematic Risk) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hi Tech are expected to decrease at a much lower rate. During the bear market, Hi Tech is likely to outperform the market. Even though it is essential to pay attention to Hi Tech Lubricants existing price patterns, it is always good to be careful when utilizing equity price patterns. Hi Tech Lubricants has an expected return of -0.24%. Please make sure to check out Hi Tech Lubricants coefficient of variation, total risk alpha, skewness, as well as the relationship between the information ratio and maximum drawdown to decide if Hi Tech Lubricants performance from the past will be repeated in the future.
0 of 100
Over the last 90 days Hi Tech Lubricants has generated negative risk-adjusted returns adding no value to investors with long positions. Even with conflicting performance in the last few months, the Stock's forward-looking signals remain relatively invariable which may send shares a bit higher in March 2024. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors. ...more
Hi Tech Relative Risk vs. Return LandscapeIf you would invest 2,853 in Hi Tech Lubricants on November 24, 2023 and sell it today you would lose (447.00) from holding Hi Tech Lubricants or give up 15.67% of portfolio value over 90 days. Hi Tech Lubricants is generating negative expected returns and assumes 2.9909% volatility on return distribution over the 90 days horizon. Simply put, 26% of stocks are less volatile than HTL, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Assuming the 90 days trading horizon Hi Tech is expected to under-perform the market. In addition to that, the company is 4.61 times more volatile than its market benchmark. It trades about -0.08 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.22 per unit of volatility.
Hi Tech Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hi Tech's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Hi Tech Lubricants, and traders can use it to determine the average amount a Hi Tech's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
About Hi Tech Performance
Things to note about Hi Tech Lubricants performance evaluationChecking the ongoing alerts about Hi Tech for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Hi Tech Lubricants help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions. Evaluating Hi Tech's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Hi Tech's stock performance include:
- Analyzing Hi Tech's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Hi Tech's stock is overvalued or undervalued compared to its peers.
- Examining Hi Tech's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Hi Tech's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hi Tech's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Hi Tech's stock. These opinions can provide insight into Hi Tech's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hi Tech Lubricants. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for HTL Stock analysis
When running Hi Tech's price analysis, check to measure Hi Tech'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 Hi Tech is operating at the current time. Most of Hi Tech's value examination focuses on studying past and present price action to predict the probability of Hi Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hi Tech's price. Additionally, you may evaluate how the addition of Hi Tech to your portfolios can decrease your overall portfolio volatility.
Use AI to screen and filter profitable investment opportunities
|Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Quickly integrate customizable finance content to your own investment portal
|My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Find actively traded Exchange Traded Funds (ETF) in USA
Check real value of public entities based on technical and fundamental data
Use generated alerts and portfolio events aggregator to diagnose current holdings