Shoprite Holdings Ltd Stock Market Value
| SRGHY Stock | USD 16.60 0.48 2.98% |
| 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' pink sheet 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.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Shoprite Holdings on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Shoprite Holdings Ltd or generate 0.0% return on investment in Shoprite Holdings over 420 days. Shoprite Holdings is related to or competes with Sanlam, Vodacom Group, Woolworths Holdings, Standard Bank, and Nedbank. Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing and wholesaling business i... 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' pink sheet 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 Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.32 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 2.98 |
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 | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.09) |
Shoprite Holdings Backtested Returns
At this stage we consider Shoprite Pink Sheet to be very steady. Shoprite Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0172, which indicates the firm had a 0.0172% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Shoprite Holdings Ltd, which you can use to evaluate the volatility of the company. Please validate Shoprite Holdings' Risk Adjusted Performance of (0.01), coefficient of variation of (4,577), and Variance of 3.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.0297%. Shoprite Holdings has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.59, 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. Shoprite Holdings right now has a risk of 1.72%. Please validate Shoprite Holdings treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Shoprite Holdings will be following its existing price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Shoprite Holdings Ltd has very weak predictability. Overlapping area represents the amount of predictability between Shoprite Holdings time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 Shoprite Holdings price movement. The serial correlation of 0.19 indicates that over 19.0% of current Shoprite Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
Shoprite Holdings lagged returns against current returns
Autocorrelation, which is Shoprite Holdings pink sheet'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' pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shoprite Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shoprite Holdings pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shoprite Holdings Ltd.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Shoprite Pink Sheet 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.