Cal Maine Correlations

CALM Stock

USD 95.96 0.18 0.19%

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 0.23 (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

0.72	K	Kellanova	Pair Corr
0.68	PPC	Pilgrims Pride Corp	Pair Corr
0.74	TPB	Turning Point Brands	Pair Corr
0.72	SENEA	Seneca Foods Corp	Pair Corr
0.86	BJ	BJs Wholesale Club	Pair Corr
0.64	JZ	Jianzhi Education	Pair Corr
0.76	KR	Kroger Company Earnings Call This Week	Pair Corr
0.9	LW	Lamb Weston Holdings	Pair Corr

Moving against Cal Stock

0.89	NOMD	Nomad Foods	Pair Corr
0.88	CAG	ConAgra Foods	Pair Corr
0.87	RGF	Real Good Food	Pair Corr
0.86	CPB	Campbell Soup	Pair Corr
0.86	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.77	GIS	General Mills	Pair Corr
0.74	BG	Bunge Limited	Pair Corr
0.71	HRL	Hormel Foods Earnings Call This Week	Pair Corr
0.71	POST	Post Holdings	Pair Corr
0.7	FLO	Flowers Foods	Pair Corr
0.67	THS	Treehouse Foods	Pair Corr
0.57	SJM	JM Smucker	Pair Corr
0.52	JBSS	John B Sanfilippo	Pair Corr
0.52	ABEV	Ambev SA ADR	Pair Corr
0.47	DG	Dollar General	Pair Corr
0.88	EDBL	Edible Garden AG	Pair Corr
0.81	UL	Unilever PLC ADR	Pair Corr
0.76	EDTK	Skillful Craftsman	Pair Corr
0.75	KO	Coca Cola Aggressive Push	Pair Corr
0.73	GV	Visionary Education	Pair Corr
0.64	UG	United Guardian	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.56	EAST	Eastside Distilling	Pair Corr
0.55	DLTR	Dollar Tree Earnings Call This Week	Pair Corr
0.52	EL	Estee Lauder Companies	Pair Corr
0.52	DTCK	Davis Commodities	Pair Corr

Related Correlations Analysis

	BG	TSN	DOLE	AGRO	LMNR	ALCO	ADM	FDP
BG		0.38	0.07	-0.46	-0.42	0.8	0.88	-0.66	BG
TSN	0.38		-0.4	-0.36	-0.5	0.41	0.21	0.09	TSN
DOLE	0.07	-0.4		0.32	0.42	0.33	0.22	-0.14	DOLE
AGRO	-0.46	-0.36	0.32		0.59	-0.34	-0.29	0.24	AGRO
LMNR	-0.42	-0.5	0.42	0.59		-0.39	-0.46	0.4	LMNR
ALCO	0.8	0.41	0.33	-0.34	-0.39		0.8	-0.51	ALCO
ADM	0.88	0.21	0.22	-0.29	-0.46	0.8		-0.82	ADM
FDP	-0.66	0.09	-0.14	0.24	0.4	-0.51	-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	+ 0.8	BG
ADM	+ 0.8	ALCO
LMNR	+ 0.59	AGRO
LMNR	+ 0.42	DOLE
ALCO	+ 0.41	TSN

High negative correlations

FDP	- 0.82	ADM
FDP	- 0.66	BG
FDP	- 0.51	ALCO
LMNR	- 0.5	TSN
ADM	- 0.46	LMNR
AGRO	- 0.46	BG

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	1.16	(0.17)	0.00	(0.21)	0.00	0.00	2.01	(2.26)	9.04
TSN	1.00	0.01	(0.05)	0.19	1.44	(1.00)	1.73	(2.48)	9.06
DOLE	1.29	(0.05)	0.00	(0.19)	0.00	0.00	2.45	(2.60)	15.22
AGRO	1.25	0.05	(0.02)	0.52	1.59	(1.37)	2.04	(3.11)	8.94
LMNR	1.73	0.31	0.13	1.03	1.61	(2.00)	5.63	(3.01)	11.73
ALCO	1.61	(0.22)	0.00	(0.30)	0.00	0.00	3.90	(3.23)	13.25
ADM	1.08	(0.21)	0.00	(0.25)	0.00	0.00	2.10	(2.23)	9.15
FDP	1.11	0.30	0.18	2.80	0.92	(1.36)	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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