Hi Tech (India) Performance
| HITECH Stock | 121.90 2.00 1.61% |
The company owns a Beta (Systematic Risk) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hi Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hi Tech is expected to be smaller as well. Hi Tech Pipes has an expected return of -0.21%. Please make sure to check out Hi Tech Pipes Limited potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Hi Tech Pipes performance from the past will be repeated in the future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Modest
Over the last 90 days Hi Tech Pipes Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain performance in the last few months, the Stock's fundamental indicators remain somewhat strong which may send shares a bit higher in July 2024. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
Forward Dividend Yield 0.0002 | Payout Ratio 0.0092 | Last Split Factor 10:1 | Forward Dividend Rate 0.03 | Ex Dividend Date 2023-09-22 |
1 | Hi-Tech Pipes Could Be Struggling To Allocate Capital - Simply Wall St | 03/05/2024 |
2 | Antique initiates coverage on Hi-Tech Pipes with a buy, cites these factors - CNBCTV18 | 04/02/2024 |
3 | Ajay Bansal Spends 7.1m On Hi-Tech Pipes Stock - Simply Wall St | 05/24/2024 |
| Begin Period Cash Flow | 211.7 M |
HITECH |
Hi Tech Relative Risk vs. Return Landscape
If you would invest 14,255 in Hi Tech Pipes Limited on March 4, 2024 and sell it today you would lose (2,065) from holding Hi Tech Pipes Limited or give up 14.49% of portfolio value over 90 days. Hi Tech Pipes Limited is generating negative expected returns and assumes 3.2537% volatility on return distribution over the 90 days horizon. Simply put, 28% of stocks are less volatile than HITECH, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Hi Tech Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hi Tech's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Hi Tech Pipes Limited, and traders can use it to determine the average amount a Hi Tech'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 = -0.0655
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HITECH |
Estimated Market Risk
| 3.25 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hi Tech is not performing at its full potential. However, 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 Hi Tech by adding Hi Tech to a well-diversified portfolio.
Hi Tech Fundamentals Growth
HITECH Stock prices reflect investors' perceptions of the future prospects and financial health of Hi Tech, and Hi Tech 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 | 0.0884 | ||||
| Return On Asset | 0.0593 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 22.04 B | ||||
| Shares Outstanding | 158.36 M | ||||
| Price To Book | 4.46 X | ||||
| Price To Sales | 0.74 X | ||||
| Revenue | 26.99 B | ||||
| Gross Profit | 2.14 B | ||||
| EBITDA | 1.15 B | ||||
| Net Income | 439.31 M | ||||
| Total Debt | 3.66 B | ||||
| Book Value Per Share | 38.45 X | ||||
| Cash Flow From Operations | (1.36 B) | ||||
| Earnings Per Share | 2.73 X | ||||
| Total Asset | 11.79 B | ||||
| Retained Earnings | 1.86 B | ||||
About Hi Tech Performance
To evaluate Hi Tech Pipes Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Hi Tech generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare HITECH Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Hi Tech Pipes market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents HITECH's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Hi Tech is entity of India. It is traded as Stock on NSE exchange.Things to note about Hi Tech Pipes performance evaluation
Checking the ongoing alerts about Hi Tech for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Hi Tech Pipes help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Hi Tech Pipes generated a negative expected return over the last 90 days | |
| Hi Tech Pipes has high historical volatility and very poor performance | |
| Hi Tech generates negative cash flow from operations | |
| About 57.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Ajay Bansal Spends 7.1m On Hi-Tech Pipes Stock - Simply Wall St |
- Analyzing Hi Tech'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 Hi Tech's stock is overvalued or undervalued compared to its peers.
- Examining Hi Tech'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 Hi Tech's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hi Tech's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Hi Tech's stock. These opinions can provide insight into Hi Tech's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hi Tech Pipes Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Hi Tech Pipes information on this page should be used as a complementary analysis to other Hi Tech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |