Mccormick Company Incorporated Preferred Stock Market Value
| MKC-V Preferred Stock | USD 77.49 0.45 0.58% |
| Symbol | McCormick |
McCormick Company '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 McCormick Company's preferred 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 McCormick Company.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in McCormick Company on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding McCormick Company Incorporated or generate 0.0% return on investment in McCormick Company over 30 days. McCormick Company is related to or competes with Central Garden, Seneca Foods, Natures Sunshine, Seneca Foods, Central Garden, J J, and Bridgford Foods. McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other fl... More
McCormick Company 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 McCormick Company's preferred 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 McCormick Company Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.22 |
McCormick Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McCormick Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McCormick Company's standard deviation. In reality, there are many statistical measures that can use McCormick Company historical prices to predict the future McCormick Company's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.2048 |
McCormick Company Backtested Returns
McCormick Company retains Efficiency (Sharpe Ratio) of -0.0431, which conveys that the firm had a -0.0431% return per unit of risk over the last 3 months. McCormick Company exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify McCormick Company's Coefficient Of Variation of (4,960), market risk adjusted performance of 0.2148, and Mean Deviation of 0.9512 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning McCormick Company are expected to decrease at a much lower rate. During the bear market, McCormick Company is likely to outperform the market. At this point, McCormick Company has a negative expected return of -0.0544%. Please make sure to verify McCormick Company's potential upside, and the relationship between the information ratio and rate of daily change , to decide if McCormick Company performance from the past will be repeated at some future point.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
McCormick Company Incorporated has almost perfect reverse predictability. Overlapping area represents the amount of predictability between McCormick Company time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 McCormick Company price movement. The serial correlation of -0.76 indicates that around 76.0% of current McCormick Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
McCormick Company lagged returns against current returns
Autocorrelation, which is McCormick Company preferred 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 McCormick Company's preferred stock expected returns. We can calculate the autocorrelation of McCormick Company returns to help us make a trade decision. For example, suppose you find that McCormick Company has exhibited high autocorrelation historically, and you observe that the preferred 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 |
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McCormick Company 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 McCormick Company preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McCormick Company preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McCormick Company preferred stock over time.
Current vs Lagged Prices |
| Timeline |
McCormick Company Lagged Returns
When evaluating McCormick Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McCormick Company preferred stock have on its future price. McCormick Company 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, McCormick Company autocorrelation shows the relationship between McCormick Company preferred stock current value and its past values and can show if there is a momentum factor associated with investing in McCormick Company Incorporated.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for McCormick Preferred Stock Analysis
When running McCormick Company's price analysis, check to measure McCormick Company's 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 McCormick Company is operating at the current time. Most of McCormick Company's value examination focuses on studying past and present price action to predict the probability of McCormick Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McCormick Company's price. Additionally, you may evaluate how the addition of McCormick Company to your portfolios can decrease your overall portfolio volatility.