Cal Maine Stock Forecast - Naive Prediction
| CALM Stock | USD 95.96 0.18 0.19% |
The Naive Prediction forecasted value of Cal Maine Foods on the next trading day is expected to be 101.20 with a mean absolute deviation of 1.74 and the sum of the absolute errors of 106.40. Cal Stock Forecast is based on your current time horizon. Although Cal Maine's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cal Maine's systematic risk associated with finding meaningful patterns of Cal Maine fundamentals over time.
Cal |
Cal Maine Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Cal Maine's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 1996-08-31 | Previous Quarter 237.9 M | Current Value 181.7 M | Quarterly Volatility 71.2 M |
Cal Maine Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Cal Maine Foods on the next trading day is expected to be 101.20 with a mean absolute deviation of 1.74, mean absolute percentage error of 4.59, and the sum of the absolute errors of 106.40.Please note that although there have been many attempts to predict Cal Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Cal Maine's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cal Maine Stock Forecast Pattern
| Backtest Cal Maine | Cal Maine Price Prediction | Buy or Sell Advice |
Cal Maine Forecasted Value
In the context of forecasting Cal Maine's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Cal Maine's downside and upside margins for the forecasting period are 99.47 and 102.93, respectively. We have considered Cal Maine's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Cal Maine stock data series using in forecasting. Note that when a statistical model is used to represent Cal Maine stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 119.6346 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.7442 |
| MAPE | Mean absolute percentage error | 0.021 |
| SAE | Sum of the absolute errors | 106.3992 |
Predictive Modules for Cal Maine
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cal Maine Foods. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Cal Maine
For every potential investor in Cal, whether a beginner or expert, Cal Maine's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cal. Basic forecasting techniques help filter out the noise by identifying Cal Maine's price trends.Cal Maine Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cal Maine stock to make a market-neutral strategy. Peer analysis of Cal Maine could also be used in its relative valuation, which is a method of valuing Cal Maine by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cal Maine Foods Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cal Maine's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Cal Maine's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cal Maine Market Strength Events
Market strength indicators help investors to evaluate how Cal Maine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cal Maine shares will generate the highest return on investment. By undertsting and applying Cal Maine stock market strength indicators, traders can identify Cal Maine Foods entry and exit signals to maximize returns.
| Accumulation Distribution | 6204.23 | |||
| Daily Balance Of Power | 0.1139 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 95.84 | |||
| Day Typical Price | 95.88 | |||
| Price Action Indicator | 0.21 | |||
| Period Momentum Indicator | 0.18 |
Cal Maine Risk Indicators
The analysis of Cal Maine's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Cal Maine's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cal stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.25 | |||
| Semi Deviation | 0.8346 | |||
| Standard Deviation | 1.71 | |||
| Variance | 2.93 | |||
| Downside Variance | 1.87 | |||
| Semi Variance | 0.6965 | |||
| Expected Short fall | (1.41) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cal Maine. If investors know Cal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cal Maine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 159.9 | Dividend Share 2.902 | Earnings Share 8.73 | Revenue Per Share 54.437 | Quarterly Revenue Growth 0.711 |
The market value of Cal Maine Foods is measured differently than its book value, which is the value of Cal that is recorded on the company's balance sheet. Investors also form their own opinion of Cal Maine's value that differs from its market value or its book value, called intrinsic value, which is Cal Maine's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cal Maine's market value can be influenced by many factors that don't directly affect Cal Maine's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cal Maine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cal Maine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cal Maine's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.