Hi-Tech Pipes (India) Market Value
| HITECH Stock | 103.64 5.16 4.74% |
| Symbol | Hi-Tech |
Hi-Tech Pipes '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 Hi-Tech Pipes' 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 Hi-Tech Pipes.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Hi-Tech Pipes on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Hi Tech Pipes Limited or generate 0.0% return on investment in Hi-Tech Pipes over 720 days. Hi-Tech Pipes is related to or competes with JGCHEMICALS, Fertilizers, Royal Orchid, EIH Associated, Zuari Agro, Indian Hotels, and Southern Petrochemicals. Hi-Tech Pipes is entity of India. It is traded as Stock on NSE exchange. More
Hi-Tech Pipes 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 Hi-Tech Pipes' 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 Hi Tech Pipes Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 13.21 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 5.21 |
Hi-Tech Pipes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hi-Tech Pipes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hi-Tech Pipes' standard deviation. In reality, there are many statistical measures that can use Hi-Tech Pipes historical prices to predict the future Hi-Tech Pipes' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 2.36 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hi-Tech Pipes' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hi Tech Pipes Backtested Returns
Hi Tech Pipes retains Efficiency (Sharpe Ratio) of -0.23, which attests that the entity had a -0.23 % return per unit of price deviation over the last 3 months. Hi-Tech Pipes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hi-Tech Pipes' Information Ratio of (0.23), coefficient of variation of (420.59), and Market Risk Adjusted Performance of 2.37 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hi-Tech Pipes are expected to decrease at a much lower rate. During the bear market, Hi-Tech Pipes is likely to outperform the market. At this point, Hi Tech Pipes has a negative expected return of -0.67%. Please make sure to check out Hi-Tech Pipes' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Hi Tech Pipes performance from the past will be repeated in the future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Hi Tech Pipes Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hi-Tech Pipes time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Hi Tech Pipes price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Hi-Tech Pipes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 728.64 |
Hi Tech Pipes lagged returns against current returns
Autocorrelation, which is Hi-Tech Pipes 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 Hi-Tech Pipes' stock expected returns. We can calculate the autocorrelation of Hi-Tech Pipes returns to help us make a trade decision. For example, suppose you find that Hi-Tech Pipes 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 |
Hi-Tech Pipes 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 Hi-Tech Pipes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hi-Tech Pipes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hi-Tech Pipes stock over time.
Current vs Lagged Prices |
| Timeline |
Hi-Tech Pipes Lagged Returns
When evaluating Hi-Tech Pipes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hi-Tech Pipes stock have on its future price. Hi-Tech Pipes 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, Hi-Tech Pipes autocorrelation shows the relationship between Hi-Tech Pipes stock current value and its past values and can show if there is a momentum factor associated with investing in Hi Tech Pipes Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Hi-Tech Stock
Hi-Tech Pipes financial ratios help investors to determine whether Hi-Tech 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 Hi-Tech with respect to the benefits of owning Hi-Tech Pipes security.