HIGHTECH PAYMENT's market value is the price at which a share of HIGHTECH PAYMENT trades on a public exchange. It measures the collective expectations of HIGHTECH PAYMENT SYSTEMS investors about its performance. HIGHTECH PAYMENT is trading at 625.00 as of the 14th of March 2025, a 2.78 percent up since the beginning of the trading day. The stock's open price was 608.1. With this module, you can estimate the performance of a buy and hold strategy of HIGHTECH PAYMENT SYSTEMS and determine expected loss or profit from investing in HIGHTECH PAYMENT over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
HIGHTECH
HIGHTECH PAYMENT '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 HIGHTECH PAYMENT'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 HIGHTECH PAYMENT.
0.00
12/14/2024
No Change 0.00
0.0
In 3 months and 1 day
03/14/2025
0.00
If you would invest 0.00 in HIGHTECH PAYMENT on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding HIGHTECH PAYMENT SYSTEMS or generate 0.0% return on investment in HIGHTECH PAYMENT over 90 days.
HIGHTECH PAYMENT 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 HIGHTECH PAYMENT'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 HIGHTECH PAYMENT SYSTEMS upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for HIGHTECH PAYMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HIGHTECH PAYMENT's standard deviation. In reality, there are many statistical measures that can use HIGHTECH PAYMENT historical prices to predict the future HIGHTECH PAYMENT's volatility.
At this point, HIGHTECH PAYMENT is very steady. HIGHTECH PAYMENT SYSTEMS holds Efficiency (Sharpe) Ratio of 0.0923, which attests that the entity had a 0.0923 % return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for HIGHTECH PAYMENT SYSTEMS, which you can use to evaluate the volatility of the firm. Please check out HIGHTECH PAYMENT's Market Risk Adjusted Performance of 1.07, semi deviation of 1.61, and Risk Adjusted Performance of 0.0874 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. HIGHTECH PAYMENT has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HIGHTECH PAYMENT's returns are expected to increase less than the market. However, during the bear market, the loss of holding HIGHTECH PAYMENT is expected to be smaller as well. HIGHTECH PAYMENT SYSTEMS now retains a risk of 1.93%. Please check out HIGHTECH PAYMENT downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if HIGHTECH PAYMENT will be following its current trending patterns.
Auto-correlation
-0.79
Almost perfect reverse predictability
HIGHTECH PAYMENT SYSTEMS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between HIGHTECH PAYMENT time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 HIGHTECH PAYMENT SYSTEMS price movement. The serial correlation of -0.79 indicates that around 79.0% of current HIGHTECH PAYMENT price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.79
Spearman Rank Test
-0.81
Residual Average
0.0
Price Variance
459.03
HIGHTECH PAYMENT SYSTEMS lagged returns against current returns
Autocorrelation, which is HIGHTECH PAYMENT 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 HIGHTECH PAYMENT's stock expected returns. We can calculate the autocorrelation of HIGHTECH PAYMENT returns to help us make a trade decision. For example, suppose you find that HIGHTECH PAYMENT 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
HIGHTECH PAYMENT 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 HIGHTECH PAYMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HIGHTECH PAYMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HIGHTECH PAYMENT stock over time.
Current vs Lagged Prices
Timeline
HIGHTECH PAYMENT Lagged Returns
When evaluating HIGHTECH PAYMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HIGHTECH PAYMENT stock have on its future price. HIGHTECH PAYMENT 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, HIGHTECH PAYMENT autocorrelation shows the relationship between HIGHTECH PAYMENT stock current value and its past values and can show if there is a momentum factor associated with investing in HIGHTECH PAYMENT SYSTEMS.
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.