Shoprite Holdings (South Africa) Price on September 6, 2024

SHP Stock   29,579  208.00  0.70%   
If you're considering investing in Shoprite Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shoprite Holdings stands at 29,579, as last reported on the 29th of November, with the highest price reaching 30,099 and the lowest price hitting 29,401 during the day. Shoprite Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0389, which indicates the firm had a -0.0389% return per unit of risk over the last 3 months. Shoprite Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shoprite Holdings' Coefficient Of Variation of (7,987), variance of 2.09, and insignificant Risk Adjusted Performance to confirm the risk estimate we provide.
  
Shoprite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0389

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Estimated Market Risk

 1.46
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Shoprite Holdings is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shoprite Holdings by adding Shoprite Holdings to a well-diversified portfolio.

Shoprite Holdings Valuation on September 6, 2024

It is possible to determine the worth of Shoprite Holdings on a given historical date. On September 6, 2024 Shoprite was worth 29956.34 at the beginning of the trading date compared to the closed value of 29557.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shoprite Holdings stock. Still, in general, we apply an absolute valuation method to find Shoprite Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shoprite Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shoprite Holdings' related companies.
 Open High Low Close Volume
  29,260    29,826    29,044    29,800    1,887,019  
09/06/2024
  29,956    29,956    29,550    29,557    1,280,811  
  29,861    29,972    29,330    29,330    924,067  
Backtest Shoprite Holdings  |  Shoprite Holdings History  |  Shoprite Holdings Valuation   PreviousNext  
Open Value
29956.34
29,952
Downside
29557.25
Closing Value
29,961
Upside

Shoprite Holdings Trading Date Momentum on September 6, 2024

On September 09 2024 Shoprite Holdings was traded for  29,330  at the closing time. The highest price during the trading period was 29,972  and the lowest recorded bid was listed for  29,330 . The volume for the day was 924.1 K. This history from September 9, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.77% . The trading price change to the current price is 0.19% .

Shoprite Holdings Fundamentals Correlations and Trends

By evaluating Shoprite Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shoprite Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shoprite financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Shoprite Holdings Stock history

Shoprite Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shoprite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shoprite Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shoprite Holdings stock prices may prove useful in developing a viable investing in Shoprite Holdings

Shoprite Holdings Stock Technical Analysis

Shoprite Holdings 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.
A focus of Shoprite Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shoprite Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Shoprite Holdings Period Price Range

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November 29, 2024
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Shoprite Holdings November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Shoprite Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shoprite Holdings shares will generate the highest return on investment. By undertsting and applying Shoprite Holdings stock market strength indicators, traders can identify Shoprite Holdings entry and exit signals to maximize returns

Shoprite Holdings Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Shoprite Holdings' price direction in advance. Along with the technical and fundamental analysis of Shoprite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shoprite to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Shoprite Stock analysis

When running Shoprite Holdings' price analysis, check to measure Shoprite Holdings' 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 Shoprite Holdings is operating at the current time. Most of Shoprite Holdings' value examination focuses on studying past and present price action to predict the probability of Shoprite Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shoprite Holdings' price. Additionally, you may evaluate how the addition of Shoprite Holdings to your portfolios can decrease your overall portfolio volatility.
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