Hi-Tech Gears (India) Market Value
| HITECHGEAR | 620.60 24.10 3.74% |
| Symbol | Hi-Tech |
Hi-Tech Gears '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 Gears' 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 Gears.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Hi-Tech Gears on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding The Hi Tech Gears or generate 0.0% return on investment in Hi-Tech Gears over 720 days. Hi-Tech Gears is related to or competes with Chambal Fertilizers, JB Chemicals, Credo Brands, V Mart, IOL Chemicals, Landmark Cars, and Akme Fintrade. More
Hi-Tech Gears 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 Gears' 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 The Hi Tech Gears upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.31 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 3.15 |
Hi-Tech Gears Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hi-Tech Gears' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hi-Tech Gears' standard deviation. In reality, there are many statistical measures that can use Hi-Tech Gears historical prices to predict the future Hi-Tech Gears' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 13.37 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hi-Tech Gears' 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 Gears Backtested Returns
Hi-Tech Gears holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21 % return per unit of risk over the last 3 months. Hi-Tech Gears exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hi-Tech Gears' Risk Adjusted Performance of (0.15), market risk adjusted performance of 13.38, and Standard Deviation of 2.26 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0359, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hi-Tech Gears are expected to decrease at a much lower rate. During the bear market, Hi-Tech Gears is likely to outperform the market. At this point, Hi-Tech Gears has a negative expected return of -0.47%. Please make sure to check out Hi-Tech Gears' skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Hi-Tech Gears performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
The Hi Tech Gears has weak reverse predictability. Overlapping area represents the amount of predictability between Hi-Tech Gears 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 Gears price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Hi-Tech Gears price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 19.6 K |
Hi-Tech Gears lagged returns against current returns
Autocorrelation, which is Hi-Tech Gears 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 Gears' stock expected returns. We can calculate the autocorrelation of Hi-Tech Gears returns to help us make a trade decision. For example, suppose you find that Hi-Tech Gears 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 Gears 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 Gears stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hi-Tech Gears 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 Gears stock over time.
Current vs Lagged Prices |
| Timeline |
Hi-Tech Gears Lagged Returns
When evaluating Hi-Tech Gears' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hi-Tech Gears stock have on its future price. Hi-Tech Gears 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 Gears autocorrelation shows the relationship between Hi-Tech Gears stock current value and its past values and can show if there is a momentum factor associated with investing in The Hi Tech Gears.
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 Gears 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 Gears security.