Hitek Global Ordinary Stock Beta

HKIT Stock

5.00 3.71 287.60%

Hitek Global Ordinary fundamentals help investors to digest information that contributes to Hitek Global's financial success or failures. It also enables traders to predict the movement of Hitek Stock. The fundamental analysis module provides a way to measure Hitek Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hitek Global stock.

Other Current Liab Total Assets

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Hitek Global Ordinary Company Beta Analysis

Hitek Global's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

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Hitek Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Hitek Global is extremely important. It helps to project a fair market value of Hitek Stock properly, considering its historical fundamentals such as Beta. Since Hitek Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Hitek Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Hitek Global's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment	Capital Stock	Long Term Debt	Short Long Term Debt	Short Term Debt
Total Assets		0.87	0.91	-0.72	-0.65	0.92	0.59	0.94	0.86	0.94	0.87	0.98	0.82	0.84	-0.22	0.83	-0.3	-0.3	0.83
Total Stockholder Equity	0.87		0.77	-0.92	-0.85	0.81	0.46	0.83	0.99	0.78	1.0	0.85	0.99	0.86	-0.25	0.88	-0.74	-0.74	0.88
Net Tangible Assets	0.91	0.77		-0.55	-0.46	0.99	0.57	0.92	0.76	0.89	0.77	0.85	0.69	0.57	-0.1	0.57	-0.22	-0.22	0.57
Current Deferred Revenue	-0.72	-0.92	-0.55		0.97	-0.58	-0.16	-0.66	-0.9	-0.54	-0.91	-0.76	-0.95	-0.91	0.14	-0.92	0.75	0.75	-0.93
Net Debt	-0.65	-0.85	-0.46	0.97		-0.47	-0.14	-0.54	-0.85	-0.43	-0.83	-0.73	-0.91	-0.89	0.24	-0.9	0.7	0.7	-0.9
Retained Earnings	0.92	0.81	0.99	-0.58	-0.47		0.58	0.93	0.79	0.91	0.81	0.84	0.73	0.59	-0.11	0.59	-0.31	-0.31	0.59
Accounts Payable	0.59	0.46	0.57	-0.16	-0.14	0.58		0.52	0.53	0.76	0.49	0.57	0.44	0.33	-0.73	0.33	-0.16	-0.16	0.33
Net Receivables	0.94	0.83	0.92	-0.66	-0.54	0.93	0.52		0.78	0.92	0.84	0.89	0.77	0.72	-0.16	0.72	-0.32	-0.32	0.72
Short Term Investments	0.86	0.99	0.76	-0.9	-0.85	0.79	0.53	0.78		0.78	0.98	0.86	0.98	0.85	-0.33	0.86	-0.72	-0.72	0.86
Total Liab	0.94	0.78	0.89	-0.54	-0.43	0.91	0.76	0.92	0.78		0.81	0.87	0.71	0.68	-0.29	0.67	-0.28	-0.28	0.67
Net Invested Capital	0.87	1.0	0.77	-0.91	-0.83	0.81	0.49	0.84	0.98	0.81		0.85	0.98	0.86	-0.26	0.87	-0.73	-0.73	0.88
Total Current Assets	0.98	0.85	0.85	-0.76	-0.73	0.84	0.57	0.89	0.86	0.87	0.85		0.84	0.88	-0.33	0.87	-0.29	-0.29	0.87
Net Working Capital	0.82	0.99	0.69	-0.95	-0.91	0.73	0.44	0.77	0.98	0.71	0.98	0.84		0.88	-0.34	0.9	-0.76	-0.76	0.9
Common Stock	0.84	0.86	0.57	-0.91	-0.89	0.59	0.33	0.72	0.85	0.68	0.86	0.88	0.88		-0.26	1.0	-0.49	-0.49	1.0
Property Plant Equipment	-0.22	-0.25	-0.1	0.14	0.24	-0.11	-0.73	-0.16	-0.33	-0.29	-0.26	-0.33	-0.34	-0.26		-0.26	0.22	0.22	-0.26
Capital Stock	0.83	0.88	0.57	-0.92	-0.9	0.59	0.33	0.72	0.86	0.67	0.87	0.87	0.9	1.0	-0.26		-0.54	-0.54	1.0
Long Term Debt	-0.3	-0.74	-0.22	0.75	0.7	-0.31	-0.16	-0.32	-0.72	-0.28	-0.73	-0.29	-0.76	-0.49	0.22	-0.54		1.0	-0.54
Short Long Term Debt	-0.3	-0.74	-0.22	0.75	0.7	-0.31	-0.16	-0.32	-0.72	-0.28	-0.73	-0.29	-0.76	-0.49	0.22	-0.54	1.0		-0.54
Short Term Debt	0.83	0.88	0.57	-0.93	-0.9	0.59	0.33	0.72	0.86	0.67	0.88	0.87	0.9	1.0	-0.26	1.0	-0.54	-0.54

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Hitek Global

In accordance with the recently published financial statements, Hitek Global Ordinary has a Beta of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The beta for all United States stocks is 100.0% lower than that of the firm.

Hitek Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hitek Global's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hitek Global could also be used in its relative valuation, which is a method of valuing Hitek Global by comparing valuation metrics of similar companies.

Hitek Global is currently under evaluation in beta category among its peers.

Hitek Global Current Valuation Drivers

We derive many important indicators used in calculating different scores of Hitek Global from analyzing Hitek Global's financial statements. These drivers represent accounts that assess Hitek Global's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hitek Global's important valuation drivers and their relationship over time.

		2019	2020	2021	2022	2023	2024 (projected)
Enterprise Value		85.9M	84.8M	81.2M	62.6M	7.2M	6.9M

Hitek Fundamentals

	Return On Equity	0.0202
	Return On Asset	-0.0127
	Profit Margin	0.16 %
	Operating Margin	(0.20) %
	Current Valuation	15.87 M
	Shares Outstanding	21.11 M
	Shares Owned By Insiders	29.43 %
	Shares Owned By Institutions	0.10 %
	Number Of Shares Shorted	18.01 K
	Price To Book	1.37 X
	Price To Sales	11.21 X
	Revenue	4.56 M
	Gross Profit	3.88 M
	EBITDA	154.89 K
	Net Income	1.05 M
	Total Debt	2.61 M
	Book Value Per Share	1.96 X
	Cash Flow From Operations	1.63 M
	Short Ratio	0.56 X
	Earnings Per Share	0.04 X
	Number Of Employees	48
	Market Capitalization	38.68 M
	Total Asset	36.23 M
	Retained Earnings	11.39 M
	Working Capital	21.41 M
	Net Asset	36.23 M

About Hitek Global Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Hitek Global Ordinary's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hitek Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hitek Global Ordinary based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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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.

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