Hitech Development (Sweden) Market Value
| HDW-B Stock | SEK 0 0.0001 5.88% |
| Symbol | Hitech |
Hitech Development '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 Hitech Development'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 Hitech Development.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Hitech Development on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hitech Development Wireless or generate 0.0% return on investment in Hitech Development over 60 days. Hitech Development is related to or competes with Goodbye Kansas, SaltX Technology, and Oncopeptides. Hitech Development Wireless Sweden Holding AB provides technology and services within Internet of Things and real-time l... More
Hitech Development 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 Hitech Development'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 Hitech Development Wireless upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.76 | |||
| Information Ratio | 0.0311 | |||
| Maximum Drawdown | 186.15 | |||
| Value At Risk | (23.33) | |||
| Potential Upside | 29.41 |
Hitech Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hitech Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hitech Development's standard deviation. In reality, there are many statistical measures that can use Hitech Development historical prices to predict the future Hitech Development's volatility.| Risk Adjusted Performance | 0.0356 | |||
| Jensen Alpha | 0.8422 | |||
| Total Risk Alpha | 0.4262 | |||
| Sortino Ratio | 0.0588 | |||
| Treynor Ratio | (0.50) |
Hitech Development Backtested Returns
Hitech Development appears to be out of control, given 3 months investment horizon. Hitech Development holds Efficiency (Sharpe) Ratio of 0.032, which attests that the entity had a 0.032% 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 0.83% is justified by implied risk. Please utilize Hitech Development's Downside Deviation of 13.76, risk adjusted performance of 0.0356, and Market Risk Adjusted Performance of (0.49) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hitech Development holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of -1.63, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hitech Development are expected to decrease by larger amounts. On the other hand, during market turmoil, Hitech Development is expected to outperform it. Please check Hitech Development's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Hitech Development's current trending patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Hitech Development Wireless has modest predictability. Overlapping area represents the amount of predictability between Hitech Development time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Hitech Development price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Hitech Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hitech Development lagged returns against current returns
Autocorrelation, which is Hitech Development 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 Hitech Development's stock expected returns. We can calculate the autocorrelation of Hitech Development returns to help us make a trade decision. For example, suppose you find that Hitech Development 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 |
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Hitech Development 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 Hitech Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hitech Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hitech Development stock over time.
Current vs Lagged Prices |
| Timeline |
Hitech Development Lagged Returns
When evaluating Hitech Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hitech Development stock have on its future price. Hitech Development 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, Hitech Development autocorrelation shows the relationship between Hitech Development stock current value and its past values and can show if there is a momentum factor associated with investing in Hitech Development Wireless.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.