Mission Produce Stock Market Value
| AVO Stock | USD 12.99 0.13 0.99% |
| Symbol | Mission |
Mission Produce Price To Book Ratio
Is Consumer Staples Distribution & Retail 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 Mission Produce. If investors know Mission 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 Mission Produce 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 0.889 | Earnings Share 0.33 | Revenue Per Share 16.07 | Quarterly Revenue Growth 0.239 | Return On Assets 0.0291 |
The market value of Mission Produce is measured differently than its book value, which is the value of Mission that is recorded on the company's balance sheet. Investors also form their own opinion of Mission Produce's value that differs from its market value or its book value, called intrinsic value, which is Mission Produce'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 Mission Produce's market value can be influenced by many factors that don't directly affect Mission Produce'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 Mission Produce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mission Produce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mission Produce'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.
Mission Produce '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 Mission Produce'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 Mission Produce.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Mission Produce on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Mission Produce or generate 0.0% return on investment in Mission Produce over 30 days. Mission Produce is related to or competes with Chefs Warehouse, Andersons, AMCON Distributing, Performance Food, United Natural, SpartanNash, and Calavo Growers. Mission Produce, Inc. engages in sourcing, producing, packaging, and distributing avocados in the United States and inte... More
Mission Produce 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 Mission Produce'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 Mission Produce upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.0873 | |||
| Maximum Drawdown | 24.92 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.43 |
Mission Produce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mission Produce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mission Produce's standard deviation. In reality, there are many statistical measures that can use Mission Produce historical prices to predict the future Mission Produce's volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 0.2936 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.2087 | |||
| Treynor Ratio | 0.4316 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mission Produce's 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.
Mission Produce Backtested Returns
Mission Produce appears to be not too volatile, given 3 months investment horizon. Mission Produce has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mission Produce, which you can use to evaluate the volatility of the firm. Please exercise Mission Produce's Downside Deviation of 1.35, mean deviation of 1.55, and Risk Adjusted Performance of 0.1 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mission Produce holds a performance score of 8. The company secures a Beta (Market Risk) of 0.88, which conveys possible diversification benefits within a given portfolio. Mission Produce returns are very sensitive to returns on the market. As the market goes up or down, Mission Produce is expected to follow. Please check Mission Produce's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Mission Produce's current price movements will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Mission Produce has very good reverse predictability. Overlapping area represents the amount of predictability between Mission Produce time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Mission Produce price movement. The serial correlation of -0.66 indicates that around 66.0% of current Mission Produce price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Mission Produce lagged returns against current returns
Autocorrelation, which is Mission Produce 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 Mission Produce's stock expected returns. We can calculate the autocorrelation of Mission Produce returns to help us make a trade decision. For example, suppose you find that Mission Produce 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 |
Mission Produce 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 Mission Produce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mission Produce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mission Produce stock over time.
Current vs Lagged Prices |
| Timeline |
Mission Produce Lagged Returns
When evaluating Mission Produce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mission Produce stock have on its future price. Mission Produce 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, Mission Produce autocorrelation shows the relationship between Mission Produce stock current value and its past values and can show if there is a momentum factor associated with investing in Mission Produce.
Regressed Prices |
| Timeline |
Pair Trading with Mission Produce
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mission Produce position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mission Produce will appreciate offsetting losses from the drop in the long position's value.Moving together with Mission Stock
| 0.77 | KR | Kroger Company Earnings Call This Week | PairCorr |
Moving against Mission Stock
| 0.62 | ASAI | Sendas Distribuidora | PairCorr |
| 0.57 | DG | Dollar General | PairCorr |
| 0.54 | CL | Colgate Palmolive Fiscal Year End 24th of January 2025 | PairCorr |
| 0.44 | EL | Estee Lauder Companies | PairCorr |
| 0.42 | UL | Unilever PLC ADR | PairCorr |
The ability to find closely correlated positions to Mission Produce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mission Produce when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mission Produce - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mission Produce to buy it.
The correlation of Mission Produce is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mission Produce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mission Produce moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mission Produce can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Mission Produce Correlation, Mission Produce Volatility and Mission Produce Alpha and Beta module to complement your research on Mission Produce. To learn how to invest in Mission Stock, please use our How to Invest in Mission Produce guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Mission Produce 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.