The red line is the noise measured at the output of a Naim HiCap.
The Blue line is the noise measured at the output of the TeddyReg, the regulator that was used for the TeddyCap mkII. As can be clearly seen, the noise level is much lower than a HiCap, especially in mid and high frequencies.
The violet line is the noise level measured at the output of the TeddyCap mk3. The noise level is lower even than the TeddyCap mk2, and much less than the HiCap at all frequencies
The black line at the bottom is the reference, that is, the noise that was measured when a short circuit was connected instead of a power supply and represents the measurement equipment internal noise.
The peak at 50Hz is related to the measurement equipment and can be ignored