Shoprite Holdings (Germany) Technical Analysis
| HY7 Stock | EUR 15.60 0.40 2.50% |
As of the 22nd of December, Shoprite Holdings has the Risk Adjusted Performance of 0.1168, semi deviation of 1.22, and Coefficient Of Variation of 729.58. Shoprite Holdings technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. Please validate Shoprite Holdings jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if Shoprite Holdings is priced more or less accurately, providing market reflects its prevalent price of 15.6 per share.
Shoprite Holdings Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Shoprite, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ShopriteShoprite |
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.
Shoprite Holdings Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Shoprite Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Shoprite Holdings Trend Analysis
Use this graph to draw trend lines for Shoprite Holdings Limited. You can use it to identify possible trend reversals for Shoprite Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Shoprite Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Shoprite Holdings Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Shoprite Holdings Limited applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Shoprite Holdings Limited will continue generating value for investors. It has 122 observation points and a regression sum of squares at 16.95, which is the sum of squared deviations for the predicted Shoprite Holdings price change compared to its average price change.About Shoprite Holdings Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Shoprite Holdings Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Shoprite Holdings Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shoprite Holdings price pattern first instead of the macroeconomic environment surrounding Shoprite Holdings. By analyzing Shoprite Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Shoprite Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Shoprite Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
Shoprite Holdings December 22, 2024 Technical Indicators
Most technical analysis of Shoprite 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 different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.1168 | |||
| Market Risk Adjusted Performance | 1.08 | |||
| Mean Deviation | 1.81 | |||
| Semi Deviation | 1.22 | |||
| Downside Deviation | 1.97 | |||
| Coefficient Of Variation | 729.58 | |||
| Standard Deviation | 4.54 | |||
| Variance | 20.59 | |||
| Information Ratio | 0.13 | |||
| Jensen Alpha | 0.5993 | |||
| Total Risk Alpha | 0.4849 | |||
| Sortino Ratio | 0.2989 | |||
| Treynor Ratio | 1.07 | |||
| Maximum Drawdown | 37.84 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.27 | |||
| Downside Variance | 3.89 | |||
| Semi Variance | 1.49 | |||
| Expected Short fall | (2.68) | |||
| Skewness | 6.41 | |||
| Kurtosis | 47.66 |
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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