| HY7A Stock | | | EUR 15.00 0.10 0.66% |
SHOPRITE HDGS technical analysis lookup allows you to check this and other technical indicators for SHOPRITE HDGS ADR or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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SHOPRITE HDGS ADR has current Total Risk Alpha of 6.0E-4. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 6.0E-4 | |
| ER[a] | = | Expected return on investing in SHOPRITE HDGS |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on SHOPRITE HDGS |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
SHOPRITE HDGS Total Risk Alpha Peers Comparison
SHOPRITE Total Risk Alpha Relative To Other Indicators
SHOPRITE HDGS ADR is rated
below average in total risk alpha category among its peers. It is currently under evaluation in treynor ratio category among its peers fabricating about
353.33 of Treynor Ratio per Total Risk Alpha. The ratio of Treynor Ratio to Total Risk Alpha for SHOPRITE HDGS ADR is roughly
353.33 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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