Hitech Development (Sweden) Price on October 14, 2024
| HDW-B Stock | SEK 0 0.0001 5.88% |
If you're considering investing in Hitech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hitech Development stands at 0, as last reported on the 6th of January, with the highest price reaching 0 and the lowest price hitting 0 during the day. Hitech Development appears to be out of control, given 3 months investment horizon. Hitech Development holds Efficiency (Sharpe) Ratio of 0.0336, which attests that the entity had a 0.0336% return per unit of risk over the last 3 months. By evaluating Hitech Development's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize Hitech Development's Market Risk Adjusted Performance of (0.50), downside deviation of 13.35, and Risk Adjusted Performance of 0.0346 to validate if our risk estimates are consistent with your expectations.
Hitech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hitech |
Sharpe Ratio = 0.0336
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Estimated Market Risk
| 26.02 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.87 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Hitech Development is performing at about 2% of its full potential. 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 Hitech Development by adding it to a well-diversified portfolio.
Hitech Development Valuation on October 14, 2024
It is possible to determine the worth of Hitech Development on a given historical date. On October 14, 2024 Hitech was worth 0.0027 at the beginning of the trading date compared to the closed value of 0.0027. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hitech Development stock. Still, in general, we apply an absolute valuation method to find Hitech Development'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 Hitech Development where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hitech Development's related companies.
| Open | High | Low | Close | Volume | |
| 0 | 0 | 0 | 0 | 72,673,898 | |
10/14/2024 | 0 | 0 | 0 | 0 | 35,755,047 |
| 0 | 0 | 0 | 0 | 73,623,277 |
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Hitech Development Trading Date Momentum on October 14, 2024
| On October 15 2024 Hitech Development Wireless was traded for 0 at the closing time. The highest price during the trading period was 0 and the lowest recorded bid was listed for 0 . The volume for the day was 73.6 M. This history from October 15, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 29.63% . The trading delta at closing time to the current price is 55.56% . |
Hitech Development Fundamentals Correlations and Trends
By evaluating Hitech Development'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 Hitech Development's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hitech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hitech Development Stock history
Hitech Development 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 Hitech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hitech Development 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 Hitech Development stock prices may prove useful in developing a viable investing in Hitech Development
Hitech Development Wireless Sweden Holding AB provides technology and services within Internet of Things and real-time location system in Sweden. The company was founded in 2009 and is based in Kista, Sweden. HD Wireless operates under Communication Equipment classification in Sweden and is traded on Stockholm Stock Exchange. It employs 27 people.
Hitech Development Stock Technical Analysis
Hitech Development 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
Hitech Development Period Price Range
Low | January 6, 2025
| High |
0.00 | 0.00 |
Hitech Development Wireless cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm Exchange. 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.
Hitech Development January 6, 2025 Market Strength
Market strength indicators help investors to evaluate how Hitech Development stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hitech Development shares will generate the highest return on investment. By undertsting and applying Hitech Development stock market strength indicators, traders can identify Hitech Development Wireless entry and exit signals to maximize returns
Hitech Development Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hitech Development's price direction in advance. Along with the technical and fundamental analysis of Hitech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hitech 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 | 0.0346 | |||
| Jensen Alpha | 0.7692 | |||
| Total Risk Alpha | 0.3735 | |||
| Sortino Ratio | 0.0553 | |||
| Treynor Ratio | (0.51) |
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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.