SPAR (South Africa) Market Value
| SPP Stock | 14,110 50.00 0.35% |
| 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.
| 07/02/2023 |
| 01/22/2025 |
If you would invest 0.00 in SPAR on July 2, 2023 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 570 days. SPAR is related to or competes with MC Mining, Reinet Investments, Mantengu Mining, Bytes Technology, Advtech, and HomeChoice Investments. 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.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0745 | |||
| Maximum Drawdown | 6.25 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 2.25 |
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 | 0.0902 | |||
| Jensen Alpha | 0.1158 | |||
| Total Risk Alpha | 0.082 | |||
| Sortino Ratio | 0.083 | |||
| Treynor Ratio | 0.4941 |
SPAR Group Backtested Returns
At this point, SPAR is very steady. SPAR Group retains Efficiency (Sharpe Ratio) of 0.15, which indicates the firm had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SPAR, which you can use to evaluate the volatility of the company. Please validate SPAR's downside deviation of 1.15, and Risk Adjusted Performance of 0.0902 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. SPAR has a performance score of 11 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.25, 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. SPAR Group currently owns a risk of 1.28%. Please validate SPAR Group total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if SPAR Group will be following its current price history.
Auto-correlation | -0.18 |
Insignificant reverse predictability
SPAR Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between SPAR time series from 2nd of July 2023 to 12th of April 2024 and 12th of April 2024 to 22nd of January 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 -0.18 indicates that over 18.0% of current SPAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.6 M |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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.