CONAGRA FOODS (Germany) Market Value
| CAO Stock | EUR 26.51 0.15 0.57% |
| Symbol | CONAGRA |
CONAGRA FOODS 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CONAGRA FOODS's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CONAGRA FOODS.
| 09/30/2024 |
| 12/29/2024 |
CONAGRA FOODS Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CONAGRA FOODS's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CONAGRA FOODS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.06 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.02 |
CONAGRA FOODS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONAGRA FOODS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONAGRA FOODS's standard deviation. In reality, there are many statistical measures that can use CONAGRA FOODS historical prices to predict the future CONAGRA FOODS's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.5415 |
CONAGRA FOODS Backtested Returns
CONAGRA FOODS secures Sharpe Ratio (or Efficiency) of -0.0748, which signifies that the company had a -0.0748% return per unit of risk over the last 3 months. CONAGRA FOODS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CONAGRA FOODS's risk adjusted performance of (0.05), and Mean Deviation of 0.9953 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CONAGRA FOODS are expected to decrease at a much lower rate. During the bear market, CONAGRA FOODS is likely to outperform the market. At this point, CONAGRA FOODS has a negative expected return of -0.11%. Please make sure to confirm CONAGRA FOODS's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if CONAGRA FOODS performance from the past will be repeated in the future.
Auto-correlation | -0.1 |
Very weak reverse predictability
CONAGRA FOODS has very weak reverse predictability. Overlapping area represents the amount of predictability between CONAGRA FOODS time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CONAGRA FOODS price movement. The serial correlation of -0.1 indicates that less than 10.0% of current CONAGRA FOODS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
CONAGRA FOODS lagged returns against current returns
Autocorrelation, which is CONAGRA FOODS stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CONAGRA FOODS's stock expected returns. We can calculate the autocorrelation of CONAGRA FOODS returns to help us make a trade decision. For example, suppose you find that CONAGRA FOODS has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CONAGRA FOODS regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CONAGRA FOODS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONAGRA FOODS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONAGRA FOODS stock over time.
Current vs Lagged Prices |
| Timeline |
CONAGRA FOODS Lagged Returns
When evaluating CONAGRA FOODS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONAGRA FOODS stock have on its future price. CONAGRA FOODS autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CONAGRA FOODS autocorrelation shows the relationship between CONAGRA FOODS stock current value and its past values and can show if there is a momentum factor associated with investing in CONAGRA FOODS.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in CONAGRA Stock
When determining whether CONAGRA FOODS is a strong investment it is important to analyze CONAGRA FOODS's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CONAGRA FOODS's future performance. For an informed investment choice regarding CONAGRA Stock, refer to the following important reports:Check out CONAGRA FOODS Correlation, CONAGRA FOODS Volatility and CONAGRA FOODS Alpha and Beta module to complement your research on CONAGRA FOODS. For information on how to trade CONAGRA Stock refer to our How to Trade CONAGRA Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
CONAGRA FOODS 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.