Cal-Maine Foods (Germany) Market Value
| CM2 Stock | 91.60 0.10 0.11% |
| Symbol | Cal-Maine |
Cal-Maine 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 Cal-Maine Foods' 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 Cal-Maine Foods.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Cal-Maine Foods on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Cal Maine Foods or generate 0.0% return on investment in Cal-Maine Foods over 30 days. Cal-Maine Foods is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Cal-Maine 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 Cal-Maine Foods' 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 Cal Maine Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.2183 | |||
| Maximum Drawdown | 12.9 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 3.84 |
Cal-Maine Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cal-Maine Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cal-Maine Foods' standard deviation. In reality, there are many statistical measures that can use Cal-Maine Foods historical prices to predict the future Cal-Maine Foods' volatility.| Risk Adjusted Performance | 0.2206 | |||
| Jensen Alpha | 0.5258 | |||
| Total Risk Alpha | 0.2534 | |||
| Sortino Ratio | 0.3793 | |||
| Treynor Ratio | 1.88 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cal-Maine Foods' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cal Maine Foods Backtested Returns
Cal-Maine Foods appears to be very steady, given 3 months investment horizon. Cal Maine Foods secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the company had a 0.29% return per unit of risk over the last 3 months. By analyzing Cal-Maine Foods' technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Cal-Maine Foods' Risk Adjusted Performance of 0.2206, downside deviation of 1.17, and Mean Deviation of 1.42 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cal-Maine Foods holds a performance score of 22. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cal-Maine Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cal-Maine Foods is expected to be smaller as well. Please check Cal-Maine Foods' standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether Cal-Maine Foods' price patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Cal Maine Foods has good predictability. Overlapping area represents the amount of predictability between Cal-Maine Foods time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Cal Maine Foods price movement. The serial correlation of 0.76 indicates that around 76.0% of current Cal-Maine Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 6.83 |
Cal Maine Foods lagged returns against current returns
Autocorrelation, which is Cal-Maine 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 Cal-Maine Foods' stock expected returns. We can calculate the autocorrelation of Cal-Maine Foods returns to help us make a trade decision. For example, suppose you find that Cal-Maine 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 |
Cal-Maine 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 Cal-Maine Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cal-Maine Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cal-Maine Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Cal-Maine Foods Lagged Returns
When evaluating Cal-Maine Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cal-Maine Foods stock have on its future price. Cal-Maine 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, Cal-Maine Foods autocorrelation shows the relationship between Cal-Maine Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Cal Maine Foods.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Cal-Maine Stock Analysis
When running Cal-Maine Foods' price analysis, check to measure Cal-Maine Foods' 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 Cal-Maine Foods is operating at the current time. Most of Cal-Maine Foods' value examination focuses on studying past and present price action to predict the probability of Cal-Maine Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cal-Maine Foods' price. Additionally, you may evaluate how the addition of Cal-Maine Foods to your portfolios can decrease your overall portfolio volatility.