High Tide Stock Alpha and Beta Analysis
| HITI Stock | USD 2.65 0.02 0.75% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as High Tide. It also helps investors analyze the systematic and unsystematic risks associated with investing in High Tide over a specified time horizon. Remember, high High Tide's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to High Tide's market risk premium analysis include:
Beta (0.25) | Alpha 0.52 | Risk 3.33 | Sharpe Ratio 0.17 | Expected Return 0.55 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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High Tide Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. High Tide market risk premium is the additional return an investor will receive from holding High Tide long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in High Tide. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate High Tide's performance over market.| α | 0.52 | β | -0.25 |
High Tide expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of High Tide's Buy-and-hold return. Our buy-and-hold chart shows how High Tide performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.High Tide Market Price Analysis
Market price analysis indicators help investors to evaluate how High Tide stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading High Tide shares will generate the highest return on investment. By understating and applying High Tide stock market price indicators, traders can identify High Tide position entry and exit signals to maximize returns.
High Tide Return and Market Media
The median price of High Tide for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 2.25 with a coefficient of variation of 14.89. The daily time series for the period is distributed with a sample standard deviation of 0.35, arithmetic mean of 2.38, and mean deviation of 0.32. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Is It Worth Investing in High Tide Based on Wall Streets Bullish Views | 09/13/2024 |
2 | High Tide Given a C6.50 Price Target by ATB Capital Analysts | 09/20/2024 |
3 | High Tide Makes the Report on Business Annual Ranking of Canadas Top Growing Companies for Fourth Consecutive Year | 09/27/2024 |
4 | High Tide Opens New Canna Cabana in Toronto | 10/07/2024 |
5 | High Tide Inc. A Bull Case Theory | 10/17/2024 |
6 | Is High Tide a Buy as Wall Street Analysts Look Optimistic | 10/21/2024 |
7 | HiConf Seoul 2024 successfully wraps up, sparks up discussions for future of food tech and international partnerships | 10/25/2024 |
8 | Insider Selling High Tide Inc. Director Sells 7,735 Shares of Stock | 10/31/2024 |
About High Tide Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including High or other stocks. Alpha measures the amount that position in High Tide has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 33.36 | 42.66 | 38.4 | 40.32 | Days Of Inventory On Hand | 33.4 | 26.6 | 30.59 | 29.06 |
High Tide Upcoming Company Events
As portrayed in its financial statements, the presentation of High Tide's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, High Tide's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of High Tide's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of High Tide. Please utilize our Beneish M Score to check the likelihood of High Tide's management manipulating its earnings.
| 29th of January 2024 Upcoming Quarterly Report | View | |
| 15th of March 2024 Next Financial Report | View | |
| 31st of October 2023 Next Fiscal Quarter End | View | |
| 29th of January 2024 Next Fiscal Year End | View | |
| 31st of July 2023 Last Quarter Report | View | |
| 31st of October 2022 Last Financial Announcement | View |
Build Portfolio with High Tide
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out High Tide Backtesting, High Tide Valuation, High Tide Correlation, High Tide Hype Analysis, High Tide Volatility, High Tide History and analyze High Tide Performance. For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
High Tide technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.