High Tide Stock Market Value
| HITI Stock | USD 3.19 0.05 1.59% |
| Symbol | High |
High Tide Price To Book Ratio
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of High Tide. If investors know High will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about High Tide listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 6.536 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0315 | Return On Equity (0.20) |
The market value of High Tide is measured differently than its book value, which is the value of High that is recorded on the company's balance sheet. Investors also form their own opinion of High Tide's value that differs from its market value or its book value, called intrinsic value, which is High Tide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because High Tide's market value can be influenced by many factors that don't directly affect High Tide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between High Tide's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Tide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Tide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
High Tide 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to High Tide's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of High Tide.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in High Tide on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding High Tide or generate 0.0% return on investment in High Tide over 30 days. High Tide is related to or competes with SunLink Health, Leafly Holdings, China Jo, and PetMed Express. High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally More
High Tide Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure High Tide's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess High Tide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.1373 | |||
| Maximum Drawdown | 19.45 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 7.01 |
High Tide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Tide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Tide's standard deviation. In reality, there are many statistical measures that can use High Tide historical prices to predict the future High Tide's volatility.| Risk Adjusted Performance | 0.1262 | |||
| Jensen Alpha | 0.6819 | |||
| Total Risk Alpha | 0.1413 | |||
| Sortino Ratio | 0.1699 | |||
| Treynor Ratio | (1.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of High Tide's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
High Tide Backtested Returns
High Tide appears to be unstable, given 3 months investment horizon. High Tide holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating High Tide's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize High Tide's Downside Deviation of 3.17, market risk adjusted performance of (1.06), and Risk Adjusted Performance of 0.1262 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, High Tide holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning High Tide are expected to decrease at a much lower rate. During the bear market, High Tide is likely to outperform the market. Please check High Tide's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether High Tide's current trending patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
High Tide has very good reverse predictability. Overlapping area represents the amount of predictability between High Tide time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of High Tide price movement. The serial correlation of -0.7 indicates that around 70.0% of current High Tide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
High Tide lagged returns against current returns
Autocorrelation, which is High Tide stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting High Tide's stock expected returns. We can calculate the autocorrelation of High Tide returns to help us make a trade decision. For example, suppose you find that High Tide has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
High Tide regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If High Tide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Tide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Tide stock over time.
Current vs Lagged Prices |
| Timeline |
High Tide Lagged Returns
When evaluating High Tide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Tide stock have on its future price. High Tide autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, High Tide autocorrelation shows the relationship between High Tide stock current value and its past values and can show if there is a momentum factor associated with investing in High Tide.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether High Tide offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of High Tide's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of High Tide Stock. Outlined below are crucial reports that will aid in making a well-informed decision on High Tide Stock:Check out High Tide Correlation, High Tide Volatility and High Tide Alpha and Beta module to complement your research on High Tide. For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
High Tide 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.