Hitech Development (Sweden) Probability of Future Stock Price Finishing Over 0.0018
| HDW-B Stock | SEK 0 0.0001 5.88% |
Hitech |
Hitech Development Target Price Odds to finish over 0.0018
The tendency of Hitech Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0 | 90 days | 0 | about 92.75 |
Based on a normal probability distribution, the odds of Hitech Development to move above the current price in 90 days from now is about 92.75 (This Hitech Development Wireless probability density function shows the probability of Hitech Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Hitech Development Wireless has a beta of -1.63. This usually indicates as returns on its benchmark rise, returns on holding Hitech Development Wireless are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Hitech Development is expected to outperform its benchmark. Additionally Hitech Development Wireless has an alpha of 0.8422, implying that it can generate a 0.84 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hitech Development Price Density |
| Price |
Predictive Modules for Hitech Development
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hitech Development. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Hitech Development Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hitech Development is not an exception. The market had few large corrections towards the Hitech Development's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Hitech Development Wireless, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hitech Development within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.84 | |
β | Beta against Dow Jones | -1.63 | |
σ | Overall volatility | 0.0008 | |
Ir | Information ratio | 0.03 |
Hitech Development Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Hitech Development for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hitech Development can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hitech Development is way too risky over 90 days horizon | |
| Hitech Development has some characteristics of a very speculative penny stock | |
| Hitech Development appears to be risky and price may revert if volatility continues | |
| Hitech Development Wireless has accumulated 6.61 M in total debt with debt to equity ratio (D/E) of 0.05, which may suggest the company is not taking enough advantage from borrowing. Hitech Development has a current ratio of 0.7, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Hitech Development until it has trouble settling it off, either with new capital or with free cash flow. So, Hitech Development's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hitech Development sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hitech to invest in growth at high rates of return. When we think about Hitech Development's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 13.35 M. Net Loss for the year was (26.62 M) with profit before overhead, payroll, taxes, and interest of 1.67 M. | |
| Hitech Development Wireless has accumulated about 8.97 M in cash with (29.23 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 22.0% of Hitech Development shares are held by company insiders |
Hitech Development Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Hitech Stock often depends not only on the future outlook of the current and potential Hitech Development's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Hitech Development's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 183.1 M | |
| Cash And Short Term Investments | 1.3 M |
Hitech Development Technical Analysis
Hitech Development's future price can be derived by breaking down and analyzing its technical indicators over time. Hitech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hitech Development Wireless. In general, you should focus on analyzing Hitech Stock price patterns and their correlations with different microeconomic environments and drivers.
Hitech Development Predictive Forecast Models
Hitech Development's time-series forecasting models is one of many Hitech Development's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Hitech Development's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Hitech Development
Checking the ongoing alerts about Hitech Development for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hitech Development help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hitech Development is way too risky over 90 days horizon | |
| Hitech Development has some characteristics of a very speculative penny stock | |
| Hitech Development appears to be risky and price may revert if volatility continues | |
| Hitech Development Wireless has accumulated 6.61 M in total debt with debt to equity ratio (D/E) of 0.05, which may suggest the company is not taking enough advantage from borrowing. Hitech Development has a current ratio of 0.7, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Hitech Development until it has trouble settling it off, either with new capital or with free cash flow. So, Hitech Development's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hitech Development sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hitech to invest in growth at high rates of return. When we think about Hitech Development's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 13.35 M. Net Loss for the year was (26.62 M) with profit before overhead, payroll, taxes, and interest of 1.67 M. | |
| Hitech Development Wireless has accumulated about 8.97 M in cash with (29.23 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 22.0% of Hitech Development shares are held by company insiders |
Additional Tools for Hitech Stock Analysis
When running Hitech Development's price analysis, check to measure Hitech Development'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 Hitech Development is operating at the current time. Most of Hitech Development's value examination focuses on studying past and present price action to predict the probability of Hitech Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitech Development's price. Additionally, you may evaluate how the addition of Hitech Development to your portfolios can decrease your overall portfolio volatility.