Shoprite Holdings (South Africa) Price on September 1, 2023
| SHP Stock | 30,473 313.00 1.04% |
If you're considering investing in Shoprite Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shoprite Holdings stands at 30,473, as last reported on the 12th of December 2024, with the highest price reaching 30,618 and the lowest price hitting 30,034 during the day. At this point, Shoprite Holdings is very steady. Shoprite Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0463, which indicates the firm had a 0.0463% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shoprite Holdings, which you can use to evaluate the volatility of the company. Please validate Shoprite Holdings' Semi Deviation of 1.01, coefficient of variation of 2350.43, and Risk Adjusted Performance of 0.035 to confirm if the risk estimate we provide is consistent with the expected return of 0.0595%.
Shoprite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shoprite |
Sharpe Ratio = 0.0463
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Estimated Market Risk
| 1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Shoprite Holdings is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shoprite Holdings by adding it to a well-diversified portfolio.
Shoprite Holdings Valuation on September 1, 2023
It is possible to determine the worth of Shoprite Holdings on a given historical date. On September 1, 2023 Shoprite was worth 25092.52 at the beginning of the trading date compared to the closed value of 25058.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shoprite Holdings stock. Still, in general, we apply an absolute valuation method to find Shoprite Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shoprite Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shoprite Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 25,544 | 25,544 | 25,176 | 25,279 | 1,453,795 | |
09/01/2023 | 25,093 | 25,455 | 25,001 | 25,058 | 699,745 |
| 25,115 | 25,485 | 25,057 | 25,119 | 623,863 |
| Backtest Shoprite Holdings | | | Shoprite Holdings History | | | Shoprite Holdings Valuation | Previous | Next |
Shoprite Holdings Trading Date Momentum on September 1, 2023
| On September 04 2023 Shoprite Holdings was traded for 25,119 at the closing time. The highest price during the trading period was 25,485 and the lowest recorded bid was listed for 25,057 . The volume for the day was 623.9 K. This history from September 4, 2023 contributed to the next trading day price growth. The trading price change to the next closing price was 0.24% . The trading price change to the current price is 1.92% . |
Shoprite Holdings Fundamentals Correlations and Trends
By evaluating Shoprite Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shoprite Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shoprite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shoprite Holdings Stock history
Shoprite Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shoprite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shoprite Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shoprite Holdings stock prices may prove useful in developing a viable investing in Shoprite Holdings
Shoprite Holdings Stock Technical Analysis
Shoprite Holdings 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.
Price Boundaries
Shoprite Holdings Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Shoprite Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Shoprite Holdings December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Shoprite Holdings 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 Holdings shares will generate the highest return on investment. By undertsting and applying Shoprite Holdings stock market strength indicators, traders can identify Shoprite Holdings entry and exit signals to maximize returns
Shoprite Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shoprite Holdings' price direction in advance. Along with the technical and fundamental analysis of Shoprite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shoprite to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.035 | |||
| Jensen Alpha | 0.0334 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.4837 |
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Complementary Tools for Shoprite Stock analysis
When running Shoprite Holdings' price analysis, check to measure Shoprite Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shoprite Holdings is operating at the current time. Most of Shoprite Holdings' value examination focuses on studying past and present price action to predict the probability of Shoprite Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shoprite Holdings' price. Additionally, you may evaluate how the addition of Shoprite Holdings to your portfolios can decrease your overall portfolio volatility.
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