Hi Tech (Pakistan) Market Value
| HTL Stock | 44.09 0.05 0.11% |
| Symbol | HTL |
Hi Tech '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 Hi Tech'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 Hi Tech.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Hi Tech on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Hi Tech Lubricants or generate 0.0% return on investment in Hi Tech over 90 days. Hi Tech is related to or competes with IBL HealthCare, Universal Insurance, and Shifa International. More
Hi Tech 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 Hi Tech'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 Hi Tech Lubricants upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.49 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 7.4 |
Hi Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hi Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hi Tech's standard deviation. In reality, there are many statistical measures that can use Hi Tech historical prices to predict the future Hi Tech's volatility.| Risk Adjusted Performance | 0.0337 | |||
| Jensen Alpha | 0.0294 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2047 |
Hi Tech Lubricants Backtested Returns
Currently, Hi Tech Lubricants is not too volatile. Hi Tech Lubricants retains Efficiency (Sharpe Ratio) of 0.04, which attests that the entity had a 0.04 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Hi Tech, which you can use to evaluate the volatility of the firm. Please check out Hi Tech's Standard Deviation of 3.44, market risk adjusted performance of 0.2147, and Semi Deviation of 2.86 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Hi Tech has a performance score of 3 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.43, which attests to possible diversification benefits within a given portfolio. 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 Lubricants at this time owns a risk of 3.6%. Please check out Hi Tech Lubricants jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Hi Tech Lubricants will be following its current price history.
Auto-correlation | 0.36 |
Below average predictability
Hi Tech Lubricants has below average predictability. Overlapping area represents the amount of predictability between Hi Tech time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hi Tech Lubricants price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Hi Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
Hi Tech Lubricants lagged returns against current returns
Autocorrelation, which is Hi Tech 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 Hi Tech's stock expected returns. We can calculate the autocorrelation of Hi Tech returns to help us make a trade decision. For example, suppose you find that Hi Tech 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 |
Hi Tech 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 Hi Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hi Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hi Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Hi Tech Lagged Returns
When evaluating Hi Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hi Tech stock have on its future price. Hi Tech 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, Hi Tech autocorrelation shows the relationship between Hi Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Hi Tech Lubricants.
Regressed Prices |
| Timeline |
Pair Trading with Hi Tech
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 Hi Tech 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 Hi Tech will appreciate offsetting losses from the drop in the long position's value.Moving together with HTL Stock
| 0.62 | HBL | Habib Bank | PairCorr |
| 0.83 | NBP | National Bank | PairCorr |
| 0.69 | UBL | United Bank Split | PairCorr |
| 0.66 | MCB | MCB Bank | PairCorr |
| 0.65 | ABL | Allied Bank | PairCorr |
The ability to find closely correlated positions to Hi Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hi Tech 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 Hi Tech - 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 Hi Tech Lubricants to buy it.
The correlation of Hi Tech 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 Hi Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hi Tech Lubricants 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 Hi Tech 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 HTL 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.