Shoprite Holdings Ltd Stock Momentum Indicators Average Directional Movement Index Rating
| SRGHY Stock | USD 17.01 0.40 2.41% |
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The output start index for this execution was fourty with a total number of output elements of twenty-one. The Average Directional Movement Index Rating (ADXR) is equal to the current ADX plus the ADX from (N) bars ago divided by 2. It is the average of the two ADX values. The ADXR of Shoprite Holdings is less responsive then the ADX, and filters out excessive tops and bottoms. To interpret Shoprite Holdings ADXR value, consider a high number to be a strong trend, and a low number, a weak trend.
Shoprite Holdings Technical Analysis Modules
Most technical analysis of Shoprite Holdings help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Shoprite from various momentum indicators to cycle indicators. When you analyze Shoprite charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Shoprite Holdings Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shoprite Holdings Ltd. We use our internally-developed statistical techniques to arrive at the intrinsic value of Shoprite Holdings Ltd based on widely used predictive technical indicators. In general, we focus on analyzing Shoprite Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Shoprite Holdings's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Shoprite Holdings's intrinsic value. In addition to deriving basic predictive indicators for Shoprite Holdings, we also check how macroeconomic factors affect Shoprite Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Shoprite Holdings pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shoprite Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shoprite Holdings will appreciate offsetting losses from the drop in the long position's value.Shoprite Holdings Pair Trading
Shoprite Holdings Ltd Pair Trading Analysis
The ability to find closely correlated positions to Shoprite Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shoprite Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shoprite Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shoprite Holdings Ltd to buy it.
The correlation of Shoprite Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shoprite Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shoprite Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Shoprite Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Shoprite Pink Sheet 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.