Cal Maine Correlations

CALM Stock

USD 97.15 0.53 0.55%

The current 90-days correlation between Cal Maine Foods and Adecoagro SA is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cal Maine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cal Maine Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cal Maine Correlation With Market

Modest diversification

The correlation between Cal Maine Foods and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cal Maine Foods and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Cal Stock

0.76	SAM	Boston Beer	Pair Corr
0.74	K	Kellanova	Pair Corr
0.86	BJ	BJs Wholesale Club	Pair Corr
0.78	KR	Kroger Company Sell-off Trend	Pair Corr
0.9	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr

Moving against Cal Stock

0.8	FMX	Fomento Economico	Pair Corr
0.78	OTLY	Oatly Group AB	Pair Corr
0.74	BG	Bunge Limited	Pair Corr
0.7	STZ	Constellation Brands	Pair Corr
0.63	KHC	Kraft Heinz Sell-off Trend	Pair Corr
0.56	ABEV	Ambev SA ADR	Pair Corr
0.53	BUD	Anheuser Busch Inbev	Pair Corr
0.49	BRID	Bridgford Foods	Pair Corr
0.46	BOF	BranchOut Food Common	Pair Corr
0.46	BYND	Beyond Meat	Pair Corr
0.85	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.85	UL	Unilever PLC ADR	Pair Corr
0.79	KO	Coca Cola Sell-off Trend	Pair Corr
0.74	GV	Visionary Education	Pair Corr
0.72	UG	United Guardian	Pair Corr
0.54	EL	Estee Lauder Companies	Pair Corr
0.47	DG	Dollar General Earnings Call This Week	Pair Corr
0.87	EDBL	Edible Garden AG	Pair Corr
0.74	EDTK	Skillful Craftsman	Pair Corr
0.55	DTCK	Davis Commodities	Pair Corr
0.51	DLTR	Dollar Tree	Pair Corr
0.51	EAST	Eastside Distilling	Pair Corr
0.45	BRBMF	Big Rock Brewery	Pair Corr

Related Correlations Analysis

	BG	TSN	DOLE	AGRO	LMNR	ALCO	ADM	FDP
BG		0.27	0.23	-0.38	-0.41	0.76	0.88	-0.67	BG
TSN	0.27		-0.46	-0.35	-0.41	0.34	0.08	0.25	TSN
DOLE	0.23	-0.46		0.32	0.22	0.43	0.41	-0.34	DOLE
AGRO	-0.38	-0.35	0.32		0.21	-0.19	-0.16	0.03	AGRO
LMNR	-0.41	-0.41	0.22	0.21		-0.25	-0.47	0.44	LMNR
ALCO	0.76	0.34	0.43	-0.19	-0.25		0.75	-0.41	ALCO
ADM	0.88	0.08	0.41	-0.16	-0.47	0.75		-0.82	ADM
FDP	-0.67	0.25	-0.34	0.03	0.44	-0.41	-0.82		FDP
	BG	TSN	DOLE	AGRO	LMNR	ALCO	ADM	FDP

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ADM	+ 0.88	BG
ALCO	+ 0.76	BG
ADM	+ 0.75	ALCO
FDP	+ 0.44	LMNR
ALCO	+ 0.43	DOLE
ADM	+ 0.41	DOLE

High negative correlations

FDP	- 0.82	ADM
FDP	- 0.67	BG
ADM	- 0.47	LMNR
DOLE	- 0.46	TSN
FDP	- 0.41	ALCO
LMNR	- 0.41	TSN

Risk-Adjusted Indicators

There is a big difference between Cal Stock performing well and Cal Maine Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cal Maine's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BG	1.15	(0.23)	0.00	(0.33)	0.00	0.00	1.67	(2.26)	9.04
TSN	0.98	0.02	(0.06)	0.30	1.44	(0.95)	1.73	(2.48)	9.06
DOLE	1.30	(0.19)	0.00	(0.12)	0.00	0.00	2.45	(2.60)	15.22
AGRO	1.20	0.01	(0.06)	0.43	1.53	(1.31)	1.97	(2.68)	8.94
LMNR	1.56	(0.04)	0.03	0.09	1.65	(1.78)	3.82	(3.01)	10.68
ALCO	1.53	(0.28)	0.00	(0.08)	0.00	0.00	4.76	(3.23)	13.25
ADM	1.08	(0.21)	0.00	(0.29)	0.00	0.00	1.60	(2.23)	9.15
FDP	1.09	0.24	0.12	3.10	0.94	(1.35)	2.30	(1.99)	12.38

Cal Maine Corporate Management

Robert Holladay	VP and General Counsel	Profile
Matthew Glover	Vice Accounting	Profile
JiaVonne Scott	VP Treasury	Profile
Matt Glover	VP Accounting	Profile

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