Hi Tech (Pakistan) Performance

HTL Stock   24.06  0.85  3.66%   
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.

Risk-Adjusted Performance

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Very Weak
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 Landscape

If 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.
  Expected Return   
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.

Sharpe Ratio = -0.0803

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Estimated Market Risk

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74% of assets are more volatile

Expected Return

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Most of other assets have higher returns

Risk-Adjusted Return

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Most of other assets perform better
Based on monthly moving average Hi Tech is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hi Tech by adding Hi Tech to a well-diversified portfolio.

About Hi Tech Performance

To evaluate Hi Tech Lubricants Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Hi Tech generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare HTL Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Hi Tech Lubricants market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents HTL's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.

Things to note about Hi Tech Lubricants performance evaluation

Checking 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.
Hi Tech Lubricants generated a negative expected return over the last 90 days
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.
It's essential to remember that evaluating Hi Tech's stock performance is not an exact science, and many factors can impact Hi Tech's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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.
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Please note, there is a significant difference between Hi Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hi Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hi Tech'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.