High Tide Strategic Expansions Driving Impressive Growth, While Being Undervalued - Seeking Alpha
| HITI Stock | CAD 4.33 0.09 2.12% |
Slightly above 55% of High Tide's sophisticated investors are presently thinking to get in. The analysis of current outlook of investing in High Tide suggests that some traders are interested regarding High Tide's prospects. High Tide's investing sentiment can be driven by a variety of factors including economic data, High Tide's earnings reports, geopolitical events, and overall market trends.
High Tide stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of High daily returns and investor perception about the current price of High Tide as well as its diversification or hedging effects on your existing portfolios.
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High Tide Strategic Expansions Driving Impressive Growth, While Being Undervalued Seeking Alpha
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High Tide Fundamental Analysis
We analyze High Tide's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of High Tide using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of High Tide based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
High Tide is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
High Tide Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with High Tide stock to make a market-neutral strategy. Peer analysis of High Tide could also be used in its relative valuation, which is a method of valuing High Tide by comparing valuation metrics with similar companies.
Peers
High Tide Related Equities
| ALA-PA | Altagas Cum | 1.35 | ||||
| CTF-UN | Citadel Income | 1.17 | ||||
| ERE-UN | European Residential | 0.80 | ||||
| XHB | IShares Canadian | 0.35 | ||||
| XEG | IShares SPTSX | 0.06 | ||||
| RUDB | RBC Discount | 0.36 | ||||
| DELX | DelphX Capital | 15.38 |
Additional Tools for High Stock Analysis
When running High Tide's price analysis, check to measure High Tide'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 Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to predict the probability of High Tide'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 Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.