Hitech Development (Sweden) Performance
| HDW-B Stock | SEK 0 0.0001 6.25% |
On a scale of 0 to 100, Hitech Development holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of -1.6, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hitech Development are expected to decrease by larger amounts. On the other hand, during market turmoil, Hitech Development is expected to outperform it. Please check Hitech Development's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Hitech Development's current trending patterns will revert.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Hitech Development Wireless are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Hitech Development unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 12.3 M | |
| Total Cashflows From Investing Activities | -2.5 M |
Hitech |
Hitech Development Relative Risk vs. Return Landscape
If you would invest 0.40 in Hitech Development Wireless on October 5, 2024 and sell it today you would lose (0.23) from holding Hitech Development Wireless or give up 57.5% of portfolio value over 90 days. Hitech Development Wireless is generating 0.7464% of daily returns and assumes 26.2391% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Hitech on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Hitech Development Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hitech Development's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Hitech Development Wireless, and traders can use it to determine the average amount a Hitech Development's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0284
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Estimated Market Risk
| 26.24 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Hitech Development is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hitech Development by adding it to a well-diversified portfolio.
Hitech Development Fundamentals Growth
Hitech Stock prices reflect investors' perceptions of the future prospects and financial health of Hitech Development, and Hitech Development fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Hitech Stock performance.
| Return On Equity | -0.97 | |||
| Return On Asset | -0.36 | |||
| Profit Margin | (1.72) % | |||
| Operating Margin | (1.66) % | |||
| Current Valuation | 73.57 M | |||
| Shares Outstanding | 277.18 M | |||
| Price To Book | 1.85 X | |||
| Price To Sales | 4.17 X | |||
| Revenue | 13.35 M | |||
| EBITDA | (22.36 M) | |||
| Cash And Equivalents | 8.97 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 6.61 M | |||
| Debt To Equity | 0.05 % | |||
| Book Value Per Share | 0.12 X | |||
| Cash Flow From Operations | (29.23 M) | |||
| Earnings Per Share | (0.14) X | |||
| Total Asset | 70.1 M | |||
About Hitech Development Performance
Assessing Hitech Development's fundamental ratios provides investors with valuable insights into Hitech Development's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Hitech Development is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Hitech Development Wireless Sweden Holding AB provides technology and services within Internet of Things and real-time location system in Sweden. The company was founded in 2009 and is based in Kista, Sweden. HD Wireless operates under Communication Equipment classification in Sweden and is traded on Stockholm Stock Exchange. It employs 27 people.Things to note about Hitech Development performance evaluation
Checking the ongoing alerts about Hitech Development for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Hitech Development help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Hitech Development is not yet fully synchronised with the market data | |
| Hitech Development is way too risky over 90 days horizon | |
| Hitech Development has some characteristics of a very speculative penny stock | |
| Hitech Development appears to be risky and price may revert if volatility continues | |
| Hitech Development Wireless has accumulated 6.61 M in total debt with debt to equity ratio (D/E) of 0.05, which may suggest the company is not taking enough advantage from borrowing. Hitech Development has a current ratio of 0.7, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Hitech Development until it has trouble settling it off, either with new capital or with free cash flow. So, Hitech Development's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hitech Development sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hitech to invest in growth at high rates of return. When we think about Hitech Development's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 13.35 M. Net Loss for the year was (26.62 M) with profit before overhead, payroll, taxes, and interest of 1.67 M. | |
| Hitech Development Wireless has accumulated about 8.97 M in cash with (29.23 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 22.0% of Hitech Development shares are held by company insiders |
- Analyzing Hitech Development's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Hitech Development's stock is overvalued or undervalued compared to its peers.
- Examining Hitech Development's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Hitech Development's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hitech Development's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Hitech Development's stock. These opinions can provide insight into Hitech Development's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Hitech Stock Analysis
When running Hitech Development's price analysis, check to measure Hitech Development'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 Hitech Development is operating at the current time. Most of Hitech Development's value examination focuses on studying past and present price action to predict the probability of Hitech Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitech Development's price. Additionally, you may evaluate how the addition of Hitech Development to your portfolios can decrease your overall portfolio volatility.