Hi Tech (India) Price on November 29, 2024
| HITECH Stock | 164.35 7.24 4.22% |
Below is the normalized historical share price chart for Hi Tech Pipes Limited extending back to February 25, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hi Tech stands at 164.35, as last reported on the 2nd of December, with the highest price reaching 173.00 and the lowest price hitting 163.50 during the day.
If you're considering investing in HITECH Stock, it is important to understand the factors that can impact its price. Hi Tech Pipes retains Efficiency (Sharpe Ratio) of -0.0819, which attests that the entity had a -0.0819% return per unit of price deviation over the last 3 months. Hi Tech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hi Tech's Information Ratio of (0.14), market risk adjusted performance of 0.6205, and Coefficient Of Variation of (1,187) to validate the risk estimate we provide.
At present, Hi Tech's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 12.4 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 130.5 M. . HITECH Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 154.3374 | 50 Day MA 183.0744 | Beta 0.946 |
HITECH |
Sharpe Ratio = -0.0819
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| Negative Returns | HITECH |
Estimated Market Risk
| 2.24 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 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.
Price Book 4.4588 | Enterprise Value Ebitda 24.2058 | Price Sales 1.1577 | Shares Float 84.3 M | Dividend Share 0.025 |
Hi Tech Valuation on November 29, 2024
It is possible to determine the worth of Hi Tech on a given historical date. On November 29, 2024 HITECH was worth 172.1 at the beginning of the trading date compared to the closed value of 164.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hi Tech stock. Still, in general, we apply an absolute valuation method to find Hi Tech'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 Hi Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hi Tech's related companies.
| Open | High | Low | Close | Volume | |
| 174.90 | 175.48 | 171.00 | 171.59 | 267,823 | |
11/29/2024 | 172.10 | 173.00 | 163.50 | 164.35 | 1,633,041 |
| 172.10 | 173.00 | 163.50 | 164.35 | 0.00 |
| Backtest Hi Tech | | | Hi Tech History | | | Hi Tech Valuation | Previous | Next |
Hi Tech Trading Date Momentum on November 29, 2024
| On December 02 2024 Hi Tech Pipes Limited was traded for 164.35 at the closing time. The highest price during the trading period was 173.00 and the lowest recorded bid was listed for 163.50 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not cause price change. The trading delta at closing time to the current price is 4.72% . |
Hi Tech Pipes Fundamentals Correlations and Trends
By evaluating Hi Tech'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 Hi Tech'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 Hi Tech Stock history
Hi Tech 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 Hi Tech Pipes 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 Hi Tech stock prices may prove useful in developing a viable investing in Hi Tech
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 163.5 M | 130.5 M | |
| Net Income Applicable To Common Shares | 325.8 M | 231.8 M |
Hi Tech Quarterly Net Working Capital |
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Hi Tech Stock Technical Analysis
Hi Tech 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
Hi Tech Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Hi Tech Pipes Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. 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.
Hi Tech December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Hi Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hi Tech shares will generate the highest return on investment. By undertsting and applying Hi Tech stock market strength indicators, traders can identify Hi Tech Pipes Limited entry and exit signals to maximize returns
Hi Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hi Tech'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 | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.6105 |
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Complementary Tools for HITECH 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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