Shoprite Holdings (Germany) Market Value
| HY7 Stock | EUR 15.50 0.20 1.31% |
| Symbol | Shoprite |
Shoprite Holdings '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 Shoprite Holdings' 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 Shoprite Holdings.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Shoprite Holdings on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Shoprite Holdings Limited or generate 0.0% return on investment in Shoprite Holdings over 180 days. Shoprite Holdings is related to or competes with AIR PRODCHEMICALS, PTT Global, Silicon Motion, BRIT AMER, Quaker Chemical, and SEKISUI CHEMICAL. Shoprite Holdings Limited, an investment holding company, primarily engages in the food retailing business More
Shoprite Holdings 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 Shoprite Holdings' 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 Shoprite Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.0977 | |||
| Maximum Drawdown | 37.43 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.3 |
Shoprite Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shoprite Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shoprite Holdings' standard deviation. In reality, there are many statistical measures that can use Shoprite Holdings historical prices to predict the future Shoprite Holdings' volatility.| Risk Adjusted Performance | 0.1061 | |||
| Jensen Alpha | 0.5216 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.2205 | |||
| Treynor Ratio | 1.43 |
Shoprite Holdings Backtested Returns
Shoprite Holdings appears to be somewhat reliable, given 3 months investment horizon. Shoprite Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Shoprite Holdings' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review Shoprite Holdings' Coefficient Of Variation of 782.17, risk adjusted performance of 0.1061, and Semi Deviation of 1.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shoprite Holdings holds a performance score of 10. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shoprite Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shoprite Holdings is expected to be smaller as well. Please check Shoprite Holdings' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Shoprite Holdings' existing price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Shoprite Holdings Limited has good predictability. Overlapping area represents the amount of predictability between Shoprite Holdings time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Shoprite Holdings price movement. The serial correlation of 0.72 indicates that around 72.0% of current Shoprite Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 4.2 |
Shoprite Holdings lagged returns against current returns
Autocorrelation, which is Shoprite Holdings 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 Shoprite Holdings' stock expected returns. We can calculate the autocorrelation of Shoprite Holdings returns to help us make a trade decision. For example, suppose you find that Shoprite Holdings 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 |
Shoprite Holdings 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 Shoprite Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shoprite Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shoprite Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Shoprite Holdings Lagged Returns
When evaluating Shoprite Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shoprite Holdings stock have on its future price. Shoprite Holdings 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, Shoprite Holdings autocorrelation shows the relationship between Shoprite Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Shoprite Holdings Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shoprite Stock
Shoprite Holdings financial ratios help investors to determine whether Shoprite Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Shoprite with respect to the benefits of owning Shoprite Holdings security.