High Tech's market value is the price at which a share of High Tech trades on a public exchange. It measures the collective expectations of High Tech Metals investors about its performance. High Tech is selling for under 0.16 as of the 4th of January 2025; that is No Change since the beginning of the trading day. The stock's last reported lowest price was 0.16. With this module, you can estimate the performance of a buy and hold strategy of High Tech Metals and determine expected loss or profit from investing in High Tech over a given investment horizon. Check out High Tech Correlation, High Tech Volatility and High Tech Alpha and Beta module to complement your research on High Tech.
Please note, there is a significant difference between High Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
High Tech '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 Tech'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 Tech.
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12/05/2024
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In 31 days
01/04/2025
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If you would invest 0.00 in High Tech on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding High Tech Metals or generate 0.0% return on investment in High Tech over 30 days. High Tech is related to or competes with Dug Technology, Technology One, Computershare, Air New, and Ras Technology. High Tech is entity of Australia. It is traded as Stock on AU exchange. More
High Tech 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 Tech'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 Tech Metals 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 High Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Tech's standard deviation. In reality, there are many statistical measures that can use High Tech historical prices to predict the future High Tech's volatility.
High Tech appears to be out of control, given 3 months investment horizon. High Tech Metals holds Efficiency (Sharpe) Ratio of 0.0941, which attests that the entity had a 0.0941% return per unit of risk over the last 3 months. We have found sixteen technical indicators for High Tech Metals, which you can use to evaluate the volatility of the firm. Please utilize High Tech's Market Risk Adjusted Performance of 0.8894, standard deviation of 2.55, and Risk Adjusted Performance of 0.0809 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, High Tech holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, High Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding High Tech is expected to be smaller as well. Please check High Tech's information ratio, maximum drawdown, and the relationship between the variance and treynor ratio , to make a quick decision on whether High Tech's current trending patterns will revert.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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High Tech Metals lagged returns against current returns
Autocorrelation, which is High Tech 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 Tech's stock expected returns. We can calculate the autocorrelation of High Tech returns to help us make a trade decision. For example, suppose you find that High Tech 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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High Tech 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 Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Tech stock over time.
Current vs Lagged Prices
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High Tech Lagged Returns
When evaluating High Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Tech stock have on its future price. High Tech 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 Tech autocorrelation shows the relationship between High Tech stock current value and its past values and can show if there is a momentum factor associated with investing in High Tech Metals.
Regressed Prices
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Thematic Opportunities
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When running High Tech's price analysis, check to measure High Tech'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 Tech is operating at the current time. Most of High Tech's value examination focuses on studying past and present price action to predict the probability of High Tech'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 Tech's price. Additionally, you may evaluate how the addition of High Tech to your portfolios can decrease your overall portfolio volatility.