Hitek Global Ordinary Stock Probability of Future Stock Price Finishing Under 1.27
| HKIT Stock | 5.00 3.71 287.60% |
Hitek |
Hitek Global Target Price Odds to finish below 1.27
The tendency of Hitek 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 1.27 or more in 90 days |
| 5.00 | 90 days | 1.27 | about 5.04 |
Based on a normal probability distribution, the odds of Hitek Global to drop to 1.27 or more in 90 days from now is about 5.04 (This Hitek Global Ordinary probability density function shows the probability of Hitek Stock to fall within a particular range of prices over 90 days) . Probability of Hitek Global Ordinary price to stay between 1.27 and its current price of 5.0 at the end of the 90-day period is under 95 .
Given the investment horizon of 90 days Hitek Global Ordinary has a beta of -0.21. This usually indicates as returns on the benchmark increase, returns on holding Hitek Global are expected to decrease at a much lower rate. During a bear market, however, Hitek Global Ordinary is likely to outperform the market. Additionally Hitek Global Ordinary has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Hitek Global Price Density |
| Price |
Predictive Modules for Hitek Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hitek Global Ordinary. 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.Hitek Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hitek Global is not an exception. The market had few large corrections towards the Hitek Global'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 Hitek Global Ordinary, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hitek Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | -0.21 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.04 |
Hitek Global Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Hitek Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hitek Global Ordinary can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hitek Global generated a negative expected return over the last 90 days | |
| Hitek Global has high historical volatility and very poor performance | |
| About 29.0% of the company shares are held by company insiders | |
| Latest headline from simplywall.st: Hitek Global Reports First Half 2024 Earnings |
Hitek Global Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Hitek Stock often depends not only on the future outlook of the current and potential Hitek Global's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Hitek Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 13.3 M | |
| Cash And Short Term Investments | 18.1 M |
Hitek Global Technical Analysis
Hitek Global's future price can be derived by breaking down and analyzing its technical indicators over time. Hitek Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hitek Global Ordinary. In general, you should focus on analyzing Hitek Stock price patterns and their correlations with different microeconomic environments and drivers.
Hitek Global Predictive Forecast Models
Hitek Global's time-series forecasting models is one of many Hitek Global'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 Hitek Global'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.
Things to note about Hitek Global Ordinary
Checking the ongoing alerts about Hitek Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hitek Global Ordinary help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hitek Global generated a negative expected return over the last 90 days | |
| Hitek Global has high historical volatility and very poor performance | |
| About 29.0% of the company shares are held by company insiders | |
| Latest headline from simplywall.st: Hitek Global Reports First Half 2024 Earnings |
Additional Tools for Hitek Stock Analysis
When running Hitek Global's price analysis, check to measure Hitek Global'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 Hitek Global is operating at the current time. Most of Hitek Global's value examination focuses on studying past and present price action to predict the probability of Hitek Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitek Global's price. Additionally, you may evaluate how the addition of Hitek Global to your portfolios can decrease your overall portfolio volatility.