Hi Tech (India) Price on August 6, 2024
| HITECHGEAR | 801.35 21.95 2.82% |
Below is the normalized historical share price chart for The Hi Tech Gears extending back to May 15, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hi Tech stands at 801.35, as last reported on the 27th of November, with the highest price reaching 817.40 and the lowest price hitting 785.00 during the day.
If you're considering investing in HITECHGEAR Stock, it is important to understand the factors that can impact its price. Hi Tech holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Hi Tech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hi Tech's Standard Deviation of 2.42, risk adjusted performance of (0.11), and Market Risk Adjusted Performance of (0.44) to validate the risk estimate we provide.
At this time, Hi Tech's Stock Based Compensation is most likely to decrease significantly in the upcoming years. . HITECHGEAR Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 866.928 | 50 Day MA 831.786 | Beta 1.404 |
HITECHGEAR |
Sharpe Ratio = -0.1434
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| Negative Returns | HITECHGEAR |
Estimated Market Risk
| 2.51 actual daily | 22 78% of assets are more volatile |
Expected Return
| -0.36 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 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.
Price Book 2.9994 | Book Value 248.242 | Enterprise Value 16.6 B | Enterprise Value Ebitda 10.3134 | Price Sales 1.3257 |
Hi Tech Valuation on August 6, 2024
It is possible to determine the worth of Hi Tech on a given historical date. On August 6, 2024 HITECHGEAR was worth 906.25 at the beginning of the trading date compared to the closed value of 912.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hi Tech stock. Still, in general, we apply an absolute valuation method to find Hi Tech's 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 Hi Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hi Tech's related companies.
| Open | High | Low | Close | Volume | |
| 944.57 | 957.40 | 910.67 | 923.89 | 13,197 | |
08/06/2024 | 906.25 | 950.44 | 904.76 | 912.41 | 9,895 |
| 910.72 | 936.37 | 895.81 | 916.69 | 7,032 |
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Hi Tech Trading Date Momentum on August 6, 2024
| On August 07 2024 The Hi Tech Gears was traded for 916.69 at the closing time. The highest price during the trading period was 936.37 and the lowest recorded bid was listed for 895.81 . The volume for the day was 7 K. This history from August 7, 2024 contributed to the next trading day price rise. The trading delta at closing time to the next closing price was 0.47% . The trading price change to the current price is 2.16% . |
Hi Tech Fundamentals Correlations and Trends
By evaluating Hi Tech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hi Tech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. HITECHGEAR financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hi Tech Stock history
Hi Tech 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 HITECHGEAR is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hi Tech 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 Hi Tech stock prices may prove useful in developing a viable investing in Hi Tech
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 18.8 M | 15.9 M | |
| Net Income Applicable To Common Shares | 208 M | 163.6 M |
Hi Tech Quarterly Net Working Capital |
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Hi Tech Stock Technical Analysis
Hi Tech 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
Hi Tech Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
The Hi Tech Gears cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. 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.
Hi Tech November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Hi Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hi Tech shares will generate the highest return on investment. By undertsting and applying Hi Tech stock market strength indicators, traders can identify The Hi Tech Gears entry and exit signals to maximize returns
Hi Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hi Tech's price direction in advance. Along with the technical and fundamental analysis of HITECHGEAR Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of HITECHGEAR 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 | (0.11) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.45) |
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| Volume Indicators |
Complementary Tools for HITECHGEAR 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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