Hi Tech (India) Technical Analysis
| HITECH Stock | 164.35 7.24 4.22% |
As of the 1st of December, Hi Tech owns the Information Ratio of (0.14), coefficient of variation of (1,187), and Market Risk Adjusted Performance of 0.6205. Hi Tech Pipes Limited technical analysis makes it possible for you to employ past data patterns with the intention to determine a pattern that calculates the direction of the firm's future prices.
Hi Tech Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as HITECH, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HITECHHITECH |
Hi Tech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Hi Tech Pipes Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Hi Tech Pipes volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Hi Tech Pipes Trend Analysis
Use this graph to draw trend lines for Hi Tech Pipes Limited. You can use it to identify possible trend reversals for Hi Tech as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Hi Tech price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Hi Tech Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Hi Tech Pipes Limited applied against its price change over selected period. The best fit line has a slop of 0.59 , which may suggest that Hi Tech Pipes Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 13096.3, which is the sum of squared deviations for the predicted Hi Tech price change compared to its average price change.About Hi Tech Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Hi Tech Pipes Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Hi Tech Pipes Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Hi Tech Pipes price pattern first instead of the macroeconomic environment surrounding Hi Tech Pipes. By analyzing Hi Tech's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Hi Tech's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Hi Tech specific price patterns or momentum indicators. Please read more on our technical analysis page.
Hi Tech December 1, 2024 Technical Indicators
Most technical analysis of HITECH help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for HITECH from various momentum indicators to cycle indicators. When you analyze HITECH charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | 0.6205 | |||
| Mean Deviation | 1.8 | |||
| Coefficient Of Variation | (1,187) | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.15 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.6105 | |||
| Maximum Drawdown | 11.04 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.88 | |||
| Skewness | (0.15) | |||
| Kurtosis | 0.1017 |
Complementary Tools for HITECH Stock analysis
When running Hi Tech's price analysis, check to measure Hi 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 Hi Tech is operating at the current time. Most of Hi Tech's value examination focuses on studying past and present price action to predict the probability of Hi 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 Hi Tech's price. Additionally, you may evaluate how the addition of Hi Tech to your portfolios can decrease your overall portfolio volatility.
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