SPAR (South Africa) Market Value
| SPP Stock | 12,437 45.00 0.36% |
| Symbol | SPAR |
SPAR '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 SPAR'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 SPAR.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in SPAR on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding SPAR Group or generate 0.0% return on investment in SPAR over 90 days. SPAR is related to or competes with Kap Industrial, African Media, RCL Foods, Reinet Investments, and British Amer. More
SPAR 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 SPAR'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 SPAR Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.47 |
SPAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPAR's standard deviation. In reality, there are many statistical measures that can use SPAR historical prices to predict the future SPAR's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (1.26) |
SPAR Group Backtested Returns
SPAR Group retains Efficiency (Sharpe Ratio) of -0.21, which indicates the firm had a -0.21 % return per unit of risk over the last 3 months. SPAR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPAR's standard deviation of 1.39, and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPAR is expected to be smaller as well. At this point, SPAR Group has a negative expected return of -0.3%. Please make sure to validate SPAR's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if SPAR Group performance from the past will be repeated at future time.
Auto-correlation | 0.45 |
Average predictability
SPAR Group has average predictability. Overlapping area represents the amount of predictability between SPAR time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPAR Group price movement. The serial correlation of 0.45 indicates that just about 45.0% of current SPAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 362.1 K |
SPAR Group lagged returns against current returns
Autocorrelation, which is SPAR 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 SPAR's stock expected returns. We can calculate the autocorrelation of SPAR returns to help us make a trade decision. For example, suppose you find that SPAR 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 |
SPAR 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 SPAR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPAR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPAR stock over time.
Current vs Lagged Prices |
| Timeline |
SPAR Lagged Returns
When evaluating SPAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPAR stock have on its future price. SPAR 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, SPAR autocorrelation shows the relationship between SPAR stock current value and its past values and can show if there is a momentum factor associated with investing in SPAR Group.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in SPAR Stock
When determining whether SPAR Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SPAR Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Spar Group Stock. Highlighted below are key reports to facilitate an investment decision about Spar Group Stock:Check out SPAR Correlation, SPAR Volatility and SPAR Alpha and Beta module to complement your research on SPAR. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
SPAR technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.