CAL MAINE (Germany) Market Value
| CM2 Stock | EUR 91.44 0.10 0.11% |
| Symbol | CAL |
CAL MAINE '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'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 CAL MAINE.
| 10/28/2024 |
| 11/27/2024 |
CAL MAINE 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'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 CAL MAINE FOODS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.2628 | |||
| Maximum Drawdown | 8.57 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 3.5 |
CAL MAINE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CAL MAINE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CAL MAINE's standard deviation. In reality, there are many statistical measures that can use CAL MAINE historical prices to predict the future CAL MAINE's volatility.| Risk Adjusted Performance | 0.2619 | |||
| Jensen Alpha | 0.4945 | |||
| Total Risk Alpha | 0.3096 | |||
| Sortino Ratio | 0.3302 | |||
| Treynor Ratio | 0.7654 |
CAL MAINE FOODS Backtested Returns
CAL MAINE appears to be very steady, given 3 months investment horizon. CAL MAINE FOODS secures Sharpe Ratio (or Efficiency) of 0.33, which signifies that the company had a 0.33% return per unit of return volatility over the last 3 months. By examining CAL MAINE's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of CAL MAINE's Coefficient Of Variation of 298.33, downside deviation of 1.41, and Mean Deviation of 1.31 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CAL MAINE holds a performance score of 26. The firm shows a Beta (market volatility) of 0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CAL MAINE's returns are expected to increase less than the market. However, during the bear market, the loss of holding CAL MAINE is expected to be smaller as well. Please check CAL MAINE's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether CAL MAINE's price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
CAL MAINE FOODS has average predictability. Overlapping area represents the amount of predictability between CAL MAINE time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 0.47 indicates that about 47.0% of current CAL MAINE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 6.54 |
CAL MAINE FOODS lagged returns against current returns
Autocorrelation, which is CAL MAINE 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's stock expected returns. We can calculate the autocorrelation of CAL MAINE returns to help us make a trade decision. For example, suppose you find that CAL MAINE 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CAL MAINE 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 stock over time.
Current vs Lagged Prices |
| Timeline |
CAL MAINE Lagged Returns
When evaluating CAL MAINE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CAL MAINE stock have on its future price. CAL MAINE 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 autocorrelation shows the relationship between CAL MAINE 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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in CAL Stock
When determining whether CAL MAINE FOODS is a strong investment it is important to analyze CAL MAINE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CAL MAINE's future performance. For an informed investment choice regarding CAL Stock, refer to the following important reports:Check out CAL MAINE Correlation, CAL MAINE Volatility and CAL MAINE Alpha and Beta module to complement your research on CAL MAINE. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
CAL MAINE 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.