High Tech (Korea) Market Value

106190 Stock  KRW 15,730  170.00  1.07%   
High Tech's market value is the price at which a share of High Tech trades on a public exchange. It measures the collective expectations of High Tech Pharm investors about its performance. High Tech is trading at 15730.00 as of the 17th of March 2025, a 1.07 percent decrease since the beginning of the trading day. The stock's open price was 15900.0.
With this module, you can estimate the performance of a buy and hold strategy of High Tech Pharm and determine expected loss or profit from investing in High Tech over a given investment horizon. Check out High Tech Correlation, High Tech Volatility and High Tech Alpha and Beta module to complement your research on High Tech.
Symbol

Please note, there is a significant difference between High Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Tech'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 Tech '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 Tech'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 Tech.
0.00
12/17/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/17/2025
0.00
If you would invest  0.00  in High Tech on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding High Tech Pharm or generate 0.0% return on investment in High Tech over 90 days. High Tech is related to or competes with Choil Aluminum, Kukil Metal, IC Technology, HB Technology, Hana Technology, Adaptive Plasma, and Daou Technology. High Tech Pharm Co., Ltd. develops, manufactures, sells, and distributes antibiotic pharmaceutical ingredients for injections for hospitals and doctors. More

High Tech 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 Tech'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 Tech Pharm upside and downside potential and time the market with a certain degree of confidence.

High Tech Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for High Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Tech's standard deviation. In reality, there are many statistical measures that can use High Tech historical prices to predict the future High Tech's volatility.
Hype
Prediction
LowEstimatedHigh
15,72815,73015,732
Details
Intrinsic
Valuation
LowRealHigh
14,51714,52017,303
Details
Naive
Forecast
LowNextHigh
16,08016,08216,085
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14,44415,51716,590
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as High Tech. Your research has to be compared to or analyzed against High Tech's peers to derive any actionable benefits. When done correctly, High Tech's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in High Tech Pharm.

High Tech Pharm Backtested Returns

High Tech appears to be very steady, given 3 months investment horizon. High Tech Pharm holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for High Tech Pharm, which you can use to evaluate the volatility of the firm. Please utilize High Tech's Risk Adjusted Performance of 0.0814, market risk adjusted performance of (0.78), and Downside Deviation of 2.83 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, High Tech holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning High Tech are expected to decrease at a much lower rate. During the bear market, High Tech is likely to outperform the market. Please check High Tech's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether High Tech's current trending patterns will revert.

Auto-correlation

    
  -0.01  

Very weak reverse predictability

High Tech Pharm has very weak reverse predictability. Overlapping area represents the amount of predictability between High Tech time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Tech Pharm price movement. The serial correlation of -0.01 indicates that just 1.0% of current High Tech price fluctuation can be explain by its past prices.
Correlation Coefficient-0.01
Spearman Rank Test-0.04
Residual Average0.0
Price Variance412.3 K

High Tech Pharm lagged returns against current returns

Autocorrelation, which is High Tech 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 Tech's stock expected returns. We can calculate the autocorrelation of High Tech returns to help us make a trade decision. For example, suppose you find that High Tech 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 Tech 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 Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Tech stock over time.
   Current vs Lagged Prices   
       Timeline  

High Tech Lagged Returns

When evaluating High Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Tech stock have on its future price. High Tech 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 Tech autocorrelation shows the relationship between High Tech stock current value and its past values and can show if there is a momentum factor associated with investing in High Tech Pharm.
   Regressed Prices   
       Timeline  

Pair Trading with High Tech

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if High Tech position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in High Tech will appreciate offsetting losses from the drop in the long position's value.

Moving together with High Stock

  0.67047920 HLB PharmaceuticalPairCorr

Moving against High Stock

  0.66216080 JETEMA SplitPairCorr
The ability to find closely correlated positions to High Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Tech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back High Tech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling High Tech Pharm to buy it.
The correlation of High Tech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as High Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if High Tech Pharm moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for High Tech can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in High Stock

High Tech financial ratios help investors to determine whether High Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in High with respect to the benefits of owning High Tech security.