High Tide Stock Market Value
| HITI Stock | CAD 4.45 0.12 2.77% |
| Symbol | High |
High Tide Price To Book Ratio
High Tide '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 Tide'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 Tide.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in High Tide on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding High Tide or generate 0.0% return on investment in High Tide over 30 days. High Tide is related to or competes with Slate Grocery, Roots Corp, Morguard Real, Aimia, GDI Integrated, Pembina Pipeline, and National Bank. High Tide Inc. operates as a vertically-integrated company in the cannabis market in Canada, the United States, and inte... More
High Tide 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 Tide'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 Tide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.1884 | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 7.53 |
High Tide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Tide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Tide's standard deviation. In reality, there are many statistical measures that can use High Tide historical prices to predict the future High Tide's volatility.| Risk Adjusted Performance | 0.1641 | |||
| Jensen Alpha | 0.7313 | |||
| Total Risk Alpha | 0.6203 | |||
| Sortino Ratio | 0.241 | |||
| Treynor Ratio | (12.90) |
High Tide Backtested Returns
High Tide appears to be unstable, given 3 months investment horizon. High Tide holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. By evaluating High Tide's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please utilize High Tide's Downside Deviation of 2.93, risk adjusted performance of 0.1641, and Market Risk Adjusted Performance of (12.89) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, High Tide holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of -0.0566, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning High Tide are expected to decrease at a much lower rate. During the bear market, High Tide is likely to outperform the market. Please check High Tide's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether High Tide's current trending patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
High Tide has almost perfect reverse predictability. Overlapping area represents the amount of predictability between High Tide time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th of December 2024. 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 Tide price movement. The serial correlation of -0.71 indicates that around 71.0% of current High Tide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
High Tide lagged returns against current returns
Autocorrelation, which is High Tide 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 Tide's stock expected returns. We can calculate the autocorrelation of High Tide returns to help us make a trade decision. For example, suppose you find that High Tide 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 Tide 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 Tide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Tide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Tide stock over time.
Current vs Lagged Prices |
| Timeline |
High Tide Lagged Returns
When evaluating High Tide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Tide stock have on its future price. High Tide 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 Tide autocorrelation shows the relationship between High Tide stock current value and its past values and can show if there is a momentum factor associated with investing in High Tide.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for High Stock Analysis
When running High Tide's price analysis, check to measure High Tide'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 High Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to predict the probability of High Tide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.