SHOPRITE HDGS Stock Forecast - Rate Of Daily Change
| HY7A Stock | EUR 14.40 0.20 1.37% |
SHOPRITE Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of SHOPRITE HDGS's historical fundamentals, such as revenue growth or operating cash flow patterns.
SHOPRITE |
| Check SHOPRITE HDGS Volatility | Backtest SHOPRITE HDGS | Information Ratio |
SHOPRITE HDGS Trading Date Momentum
| On January 02 2025 SHOPRITE HDGS ADR was traded for 14.40 at the closing time. The maximum traded price for the trading interval was 14.40 and the lowest daily price was 14.40 . There was no trading activity during the period 1.0. Lack of trading volume on 2nd of January 2025 did not result in any price rise and fall. The trading price change to the closing price today is 0.00% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
Compare SHOPRITE HDGS to competition
SHOPRITE HDGS Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SHOPRITE HDGS stock to make a market-neutral strategy. Peer analysis of SHOPRITE HDGS could also be used in its relative valuation, which is a method of valuing SHOPRITE HDGS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SHOPRITE HDGS Market Strength Events
Market strength indicators help investors to evaluate how SHOPRITE HDGS 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 HDGS shares will generate the highest return on investment. By undertsting and applying SHOPRITE HDGS stock market strength indicators, traders can identify SHOPRITE HDGS ADR entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 14.4 | |||
| Day Typical Price | 14.4 | |||
| Price Action Indicator | (0.10) | |||
| Period Momentum Indicator | (0.20) | |||
| Relative Strength Index | 34.44 |
SHOPRITE HDGS Risk Indicators
The analysis of SHOPRITE HDGS's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in SHOPRITE HDGS's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shoprite stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.29 | |||
| Semi Deviation | 1.37 | |||
| Standard Deviation | 1.86 | |||
| Variance | 3.46 | |||
| Downside Variance | 2.87 | |||
| Semi Variance | 1.88 | |||
| Expected Short fall | (1.89) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Other Information on Investing in SHOPRITE Stock
SHOPRITE HDGS 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 HDGS security.