Cal-Maine Foods (Germany) Market Value
| CM2 Stock | EUR 91.24 2.22 2.49% |
| Symbol | Cal-Maine |
Cal-Maine Foods '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 Foods' 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 Foods.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Cal-Maine Foods on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Cal Maine Foods or generate 0.0% return on investment in Cal-Maine Foods over 420 days. Cal-Maine Foods is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs More
Cal-Maine Foods 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 Foods' 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 | 1.61 | |||
| Information Ratio | 0.2033 | |||
| Maximum Drawdown | 18.09 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 3.63 |
Cal-Maine Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cal-Maine Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cal-Maine Foods' standard deviation. In reality, there are many statistical measures that can use Cal-Maine Foods historical prices to predict the future Cal-Maine Foods' volatility.| Risk Adjusted Performance | 0.1978 | |||
| Jensen Alpha | 0.5963 | |||
| Total Risk Alpha | 0.2686 | |||
| Sortino Ratio | 0.2937 | |||
| Treynor Ratio | (2.26) |
Cal Maine Foods Backtested Returns
Cal-Maine Foods appears to be very steady, given 3 months investment horizon. Cal Maine Foods secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. By analyzing Cal-Maine Foods' technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Cal-Maine Foods' Mean Deviation of 1.49, downside deviation of 1.61, and Risk Adjusted Performance of 0.1978 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cal-Maine Foods holds a performance score of 20. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cal-Maine Foods are expected to decrease at a much lower rate. During the bear market, Cal-Maine Foods is likely to outperform the market. Please check Cal-Maine Foods' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Cal-Maine Foods' price patterns will revert.
Auto-correlation | 0.87 |
Very good predictability
Cal Maine Foods has very good predictability. Overlapping area represents the amount of predictability between Cal-Maine Foods time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 0.87 indicates that approximately 87.0% of current Cal-Maine Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 120.4 |
Cal Maine Foods lagged returns against current returns
Autocorrelation, which is Cal-Maine Foods 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 Foods' stock expected returns. We can calculate the autocorrelation of Cal-Maine Foods returns to help us make a trade decision. For example, suppose you find that Cal-Maine Foods 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 Foods 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 Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cal-Maine Foods 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 Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Cal-Maine Foods Lagged Returns
When evaluating Cal-Maine Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cal-Maine Foods stock have on its future price. Cal-Maine Foods 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 Foods autocorrelation shows the relationship between Cal-Maine Foods 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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Cal-Maine Stock
When determining whether Cal Maine Foods is a strong investment it is important to analyze Cal-Maine Foods' 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 Foods' future performance. For an informed investment choice regarding Cal-Maine Stock, refer to the following important reports:Check out Cal-Maine Foods Correlation, Cal-Maine Foods Volatility and Cal-Maine Foods Alpha and Beta module to complement your research on Cal-Maine Foods. For more detail on how to invest in Cal-Maine Stock please use our How to Invest in Cal-Maine Foods guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Cal-Maine Foods 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.