SHOPRITE HDGS (Germany) Market Value
| HY7A Stock | EUR 15.00 0.10 0.66% |
| Symbol | SHOPRITE |
SHOPRITE HDGS '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 HDGS's 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 HDGS.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in SHOPRITE HDGS on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding SHOPRITE HDGS ADR or generate 0.0% return on investment in SHOPRITE HDGS over 720 days. SHOPRITE HDGS is related to or competes with Martin Marietta, Heidelberg Materials, Yokohama Rubber, Applied Materials, Goodyear Tire, LIFEWAY FOODS, and THAI BEVERAGE. Shoprite Holdings Limited, an investment holding company, primarily engages in the food retailing business in South Afri... More
SHOPRITE HDGS 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 HDGS's 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 HDGS ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.0166 | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.92 |
SHOPRITE HDGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SHOPRITE HDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SHOPRITE HDGS's standard deviation. In reality, there are many statistical measures that can use SHOPRITE HDGS historical prices to predict the future SHOPRITE HDGS's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.048 | |||
| Total Risk Alpha | 6.0E-4 | |||
| Sortino Ratio | 0.0177 | |||
| Treynor Ratio | 0.212 |
SHOPRITE HDGS ADR Backtested Returns
At this point, SHOPRITE HDGS is not too volatile. SHOPRITE HDGS ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0281, which indicates the firm had a 0.0281% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for SHOPRITE HDGS ADR, which you can use to evaluate the volatility of the company. Please validate SHOPRITE HDGS's coefficient of variation of 2976.85, and Risk Adjusted Performance of 0.0324 to confirm if the risk estimate we provide is consistent with the expected return of 0.0533%. SHOPRITE HDGS has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SHOPRITE HDGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding SHOPRITE HDGS is expected to be smaller as well. SHOPRITE HDGS ADR currently has a risk of 1.89%. Please validate SHOPRITE HDGS sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if SHOPRITE HDGS will be following its existing price patterns.
Auto-correlation | 0.59 |
Modest predictability
SHOPRITE HDGS ADR has modest predictability. Overlapping area represents the amount of predictability between SHOPRITE HDGS time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 HDGS ADR price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current SHOPRITE HDGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 2.15 |
SHOPRITE HDGS ADR lagged returns against current returns
Autocorrelation, which is SHOPRITE HDGS 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 HDGS's stock expected returns. We can calculate the autocorrelation of SHOPRITE HDGS returns to help us make a trade decision. For example, suppose you find that SHOPRITE HDGS 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 HDGS 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 HDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SHOPRITE HDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SHOPRITE HDGS stock over time.
Current vs Lagged Prices |
| Timeline |
SHOPRITE HDGS Lagged Returns
When evaluating SHOPRITE HDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SHOPRITE HDGS stock have on its future price. SHOPRITE HDGS 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 HDGS autocorrelation shows the relationship between SHOPRITE HDGS stock current value and its past values and can show if there is a momentum factor associated with investing in SHOPRITE HDGS ADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.