SPAR (South Africa) Alpha and Beta Analysis
| SPP Stock | 13,910 383.00 2.83% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as SPAR Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in SPAR over a specified time horizon. Remember, high SPAR's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to SPAR's market risk premium analysis include:
Beta 0.44 | Alpha 0.0538 | Risk 1.79 | Sharpe Ratio 0.0844 | Expected Return 0.15 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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SPAR Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. SPAR market risk premium is the additional return an investor will receive from holding SPAR long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPAR. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate SPAR's performance over market.| α | 0.05 | β | 0.44 |
SPAR expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of SPAR's Buy-and-hold return. Our buy-and-hold chart shows how SPAR performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.SPAR Market Price Analysis
Market price analysis indicators help investors to evaluate how SPAR stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPAR shares will generate the highest return on investment. By understating and applying SPAR stock market price indicators, traders can identify SPAR position entry and exit signals to maximize returns.
SPAR Return and Market Media
The median price of SPAR for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 12890.0 with a coefficient of variation of 3.43. The daily time series for the period is distributed with a sample standard deviation of 442.9, arithmetic mean of 12920.0, and mean deviation of 318.64. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About SPAR Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including SPAR or other stocks. Alpha measures the amount that position in SPAR Group has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SPAR in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SPAR's short interest history, or implied volatility extrapolated from SPAR options trading.
Build Portfolio with SPAR
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
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Additional Information and Resources on Investing in SPAR Stock
When determining whether SPAR Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SPAR Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Spar Group Stock. Highlighted below are key reports to facilitate an investment decision about Spar Group Stock:Check out SPAR Backtesting, SPAR Valuation, SPAR Correlation, SPAR Hype Analysis, SPAR Volatility, SPAR History and analyze SPAR Performance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
SPAR 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.