High Tide Stock Market Value
| HITI Stock | USD 2.72 0.24 8.11% |
| Symbol | High |
High Tide Price To Book Ratio
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of High Tide. If investors know High will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about High Tide listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.03) | Revenue Per Share | Quarterly Revenue Growth 0.059 | Return On Assets | Return On Equity |
The market value of High Tide is measured differently than its book value, which is the value of High that is recorded on the company's balance sheet. Investors also form their own opinion of High Tide's value that differs from its market value or its book value, called intrinsic value, which is High Tide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because High Tide's market value can be influenced by many factors that don't directly affect High Tide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between High Tide's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Tide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Tide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
High Tide 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to High Tide's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of High Tide.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in High Tide on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding High Tide or generate 0.0% return on investment in High Tide over 30 days. High Tide is related to or competes with SunLink Health, China Jo, and PetMed Express. High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally More
High Tide Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure High Tide's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess High Tide upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.45 | |||
| Value At Risk | (5.37) | |||
| Potential Upside | 6.75 |
High Tide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Tide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Tide's standard deviation. In reality, there are many statistical measures that can use High Tide historical prices to predict the future High Tide's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of High Tide's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
High Tide Backtested Returns
High Tide holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. High Tide exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out High Tide's Market Risk Adjusted Performance of (0.1), insignificant risk adjusted performance, and Standard Deviation of 3.86 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, High Tide's returns are expected to increase less than the market. However, during the bear market, the loss of holding High Tide is expected to be smaller as well. At this point, High Tide has a negative expected return of -0.0352%. Please make sure to check out High Tide's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if High Tide performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
High Tide has very good predictability. Overlapping area represents the amount of predictability between High Tide time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of High Tide price movement. The serial correlation of 0.8 indicates that around 80.0% of current High Tide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
High Tide lagged returns against current returns
Autocorrelation, which is High Tide stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting High Tide's stock expected returns. We can calculate the autocorrelation of High Tide returns to help us make a trade decision. For example, suppose you find that High Tide has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
High Tide regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If High Tide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Tide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Tide stock over time.
Current vs Lagged Prices |
| Timeline |
High Tide Lagged Returns
When evaluating High Tide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Tide stock have on its future price. High Tide autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, High Tide autocorrelation shows the relationship between High Tide stock current value and its past values and can show if there is a momentum factor associated with investing in High Tide.
Regressed Prices |
| Timeline |
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When determining whether High Tide offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of High Tide's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of High Tide Stock. Outlined below are crucial reports that will aid in making a well-informed decision on High Tide Stock:Check out High Tide Correlation, High Tide Volatility and High Tide Alpha and Beta module to complement your research on High Tide. 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.