Hitek Return On Equity from 2010 to 2024
| HKIT Stock | 5.00 3.20 177.78% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.03697002 | Current Value 0.0351 | Quarterly Volatility 0.15425462 |
Check Hitek Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hitek Global's main balance sheet or income statement drivers, such as Tax Provision of 490.7 K, Net Interest Income of 627.9 K or Depreciation And Amortization of 51.1 K, as well as many indicators such as Price To Sales Ratio of 2.9, Dividend Yield of 0.0 or PTB Ratio of 0.47. Hitek financial statements analysis is a perfect complement when working with Hitek Global Valuation or Volatility modules.
Hitek | Return On Equity |
Latest Hitek Global's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Hitek Global Ordinary over the last few years. Return on Equity is the amount of Hitek Global Ordinary net income returned as a percentage of Hitek Global equity. Return on equity measures Hitek Global profitability by revealing how much profit Hitek Global Ordinary generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Hitek Global's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hitek Global's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.0501 | 10 Years Trend |
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Return On Equity |
| Timeline |
Hitek Return On Equity Regression Statistics
| Arithmetic Mean | 0.29 | |
| Geometric Mean | 0.22 | |
| Coefficient Of Variation | 53.89 | |
| Mean Deviation | 0.14 | |
| Median | 0.41 | |
| Standard Deviation | 0.15 | |
| Sample Variance | 0.02 | |
| Range | 0.3771 | |
| R-Value | (0.91) | |
| Mean Square Error | 0 | |
| R-Squared | 0.83 | |
| Slope | (0.03) | |
| Total Sum of Squares | 0.33 |
Hitek Return On Equity History
About Hitek Global Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Hitek Global income statement, its balance sheet, and the statement of cash flows. Hitek Global investors use historical funamental indicators, such as Hitek Global's Return On Equity, to determine how well the company is positioned to perform in the future. Although Hitek Global investors may use each financial statement separately, they are all related. The changes in Hitek Global's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hitek Global's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Hitek Global Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Hitek Global. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.04 | 0.04 |
Pair Trading with Hitek Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hitek Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hitek Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Hitek Stock
Moving against Hitek Stock
| 0.47 | DOCU | DocuSign Sell-off Trend | PairCorr |
| 0.45 | BL | Blackline | PairCorr |
| 0.41 | U | Unity Software | PairCorr |
| 0.4 | ZI | ZoomInfo Technologies Buyout Trend | PairCorr |
| 0.36 | WK | Workiva | PairCorr |
The ability to find closely correlated positions to Hitek Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hitek Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hitek Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hitek Global Ordinary to buy it.
The correlation of Hitek Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hitek Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hitek Global Ordinary moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hitek Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Hitek Stock Analysis
When running Hitek Global's price analysis, check to measure Hitek Global'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 Hitek Global is operating at the current time. Most of Hitek Global's value examination focuses on studying past and present price action to predict the probability of Hitek Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitek Global's price. Additionally, you may evaluate how the addition of Hitek Global to your portfolios can decrease your overall portfolio volatility.