Hi Tech (India) Performance
| HITECHGEAR | 781.55 26.90 3.56% |
The company retains a Market Volatility (i.e., Beta) of 0.92, which attests to possible diversification benefits within a given portfolio. Hi Tech returns are very sensitive to returns on the market. As the market goes up or down, Hi Tech is expected to follow. At this point, Hi Tech has a negative expected return of -0.37%. Please make sure to check out Hi Tech's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Hi Tech performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days The Hi Tech Gears has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's technical and fundamental indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Forward Dividend Yield 0.0056 | Payout Ratio 0.0395 | Last Split Factor 2:1 | Forward Dividend Rate 5 | Ex Dividend Date 2024-09-19 |
1 | SAIL among 54 stocks to trade ex-dividend tomorrow. Last chance to buy - The Economic Times | 09/17/2024 |
2 | The Hi-Tech Gea Standalone September 2024 Net Sales at Rs 168.01 crore, down 17.35 percent Y-o-Y - Moneycontrol | 11/18/2024 |
| Begin Period Cash Flow | 334.5 M | |
| Free Cash Flow | 498 M |
HITECHGEAR |
Hi Tech Relative Risk vs. Return Landscape
If you would invest 100,681 in The Hi Tech Gears on August 25, 2024 and sell it today you would lose (22,526) from holding The Hi Tech Gears or give up 22.37% of portfolio value over 90 days. The Hi Tech Gears is generating negative expected returns and assumes 2.4601% volatility on return distribution over the 90 days horizon. Simply put, 21% of stocks are less volatile than HITECHGEAR, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
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 The Hi Tech Gears, 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 = -0.1484
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| Negative Returns | HITECHGEAR |
Estimated Market Risk
| 2.46 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.37 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 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.
Hi Tech Fundamentals Growth
HITECHGEAR Stock prices reflect investors' perceptions of the future prospects and financial health of Hi Tech, and Hi Tech fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on HITECHGEAR Stock performance.
| Return On Equity | 0.28 | ||||
| Return On Asset | 0.0586 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.1 % | ||||
| Current Valuation | 16.4 B | ||||
| Shares Outstanding | 18.78 M | ||||
| Price To Book | 2.90 X | ||||
| Price To Sales | 1.34 X | ||||
| Revenue | 11.07 B | ||||
| Gross Profit | 5.6 B | ||||
| EBITDA | 2.37 B | ||||
| Net Income | 1.14 B | ||||
| Cash And Equivalents | 96.59 M | ||||
| Total Debt | 2.98 B | ||||
| Book Value Per Share | 248.24 X | ||||
| Cash Flow From Operations | 1.17 B | ||||
| Earnings Per Share | 30.04 X | ||||
| Total Asset | 9.08 B | ||||
| Retained Earnings | 4.09 B | ||||
About Hi Tech Performance
By analyzing Hi Tech's fundamental ratios, stakeholders can gain valuable insights into Hi Tech's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Hi Tech has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Hi Tech has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Hi Tech is entity of India. It is traded as Stock on NSE exchange.Things to note about Hi Tech 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 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Hi Tech generated a negative expected return over the last 90 days | |
| Hi Tech is unlikely to experience financial distress in the next 2 years | |
| About 74.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: The Hi-Tech Gea Standalone September 2024 Net Sales at Rs 168.01 crore, down 17.35 percent Y-o-Y - Moneycontrol |
- 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.
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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