Highcon Systems (Israel) Price on August 29, 2024
HICN Stock | ILA 93.90 7.30 8.43% |
If you're considering investing in Highcon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Highcon Systems stands at 93.90, as last reported on the 11th of December 2024, with the highest price reaching 95.80 and the lowest price hitting 91.50 during the day. Highcon Systems holds Efficiency (Sharpe) Ratio of -0.0497, which attests that the entity had a -0.0497% return per unit of risk over the last 3 months. Highcon Systems exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highcon Systems' Risk Adjusted Performance of (0.01), market risk adjusted performance of 1.89, and Standard Deviation of 4.64 to validate the risk estimate we provide.
Highcon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Highcon |
Sharpe Ratio = -0.0497
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Estimated Market Risk
5.08 actual daily | 45 55% of assets are more volatile |
Expected Return
-0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Highcon Systems 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 Highcon Systems by adding Highcon Systems to a well-diversified portfolio.
Highcon Systems Valuation on August 29, 2024
It is possible to determine the worth of Highcon Systems on a given historical date. On August 29, 2024 Highcon was worth 115.2 at the beginning of the trading date compared to the closed value of 115.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highcon Systems stock. Still, in general, we apply an absolute valuation method to find Highcon Systems' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Highcon Systems where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highcon Systems' related companies.
Open | High | Low | Close | Volume | |
107.60 | 117.70 | 105.00 | 110.70 | 13,038 | |
08/29/2024 | 115.20 | 116.10 | 115.20 | 115.20 | 1,440 |
115.60 | 115.60 | 115.60 | 115.60 | 1.00 |
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Highcon Systems Trading Date Momentum on August 29, 2024
On September 02 2024 Highcon Systems was traded for 115.60 at the closing time. The highest price during the trading period was 115.60 and the lowest recorded bid was listed for 115.60 . There was no trading activity during the period 1.0. Lack of trading volume on September 2, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 0.35% . The trading delta at closing time to the current price is 8.07% . |
Highcon Systems Fundamentals Correlations and Trends
By evaluating Highcon Systems' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Highcon Systems' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Highcon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Highcon Systems Stock history
Highcon Systems investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Highcon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Highcon Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Highcon Systems stock prices may prove useful in developing a viable investing in Highcon Systems
Highcon Systems Ltd. develops and markets a proprietary technology for digital cutting and creasing solutions for post print processes in the folding carton and corrugated carton industry. The company was founded in 2009 and is headquartered in Yavne, Israel. HIGHCON SYSTEMS operates under Specialty Industrial Machinery classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 127 people.
Highcon Systems Stock Technical Analysis
Highcon Systems 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.
Price Boundaries
Highcon Systems Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Highcon Systems cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Highcon Systems December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Highcon Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Highcon Systems shares will generate the highest return on investment. By undertsting and applying Highcon Systems stock market strength indicators, traders can identify Highcon Systems entry and exit signals to maximize returns
Highcon Systems Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highcon Systems' price direction in advance. Along with the technical and fundamental analysis of Highcon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Highcon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.84) | |||
Treynor Ratio | 1.88 |
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Complementary Tools for Highcon Stock analysis
When running Highcon Systems' price analysis, check to measure Highcon Systems' 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 Highcon Systems is operating at the current time. Most of Highcon Systems' value examination focuses on studying past and present price action to predict the probability of Highcon Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highcon Systems' price. Additionally, you may evaluate how the addition of Highcon Systems to your portfolios can decrease your overall portfolio volatility.
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