Cal Maine (Germany) Market Value
| CM2 Stock | 91.78 0.44 0.48% |
| 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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Cal Maine on December 6, 2022 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 over 720 days. Cal Maine is related to or competes with SEKISUI CHEMICAL, Quaker Chemical, Boiron SA, SBM OFFSHORE, SIEM OFFSHORE, and Solstad Offshore. More
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 | 1.23 | |||
| Information Ratio | 0.2302 | |||
| Maximum Drawdown | 12.9 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 3.84 |
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 | 0.2319 | |||
| Jensen Alpha | 0.5328 | |||
| Total Risk Alpha | 0.2693 | |||
| Sortino Ratio | 0.3827 | |||
| Treynor Ratio | 1.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cal Maine'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.
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 0.3, which signifies that the company had a 0.3% return per unit of risk over the last 3 months. By analyzing Cal Maine's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Cal Maine's Risk Adjusted Performance of 0.2319, mean deviation of 1.43, and Downside Deviation of 1.23 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 23. The firm shows a Beta (market volatility) of 0.48, 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 standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether Cal Maine's price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Cal Maine Foods has poor reverse predictability. Overlapping area represents the amount of predictability between Cal Maine time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 -0.34 indicates that nearly 34.0% of current Cal Maine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 139.36 |
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 |
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Additional Tools for Cal Stock Analysis
When running Cal Maine's price analysis, check to measure Cal Maine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cal Maine is operating at the current time. Most of Cal Maine's value examination focuses on studying past and present price action to predict the probability of Cal Maine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cal Maine's price. Additionally, you may evaluate how the addition of Cal Maine to your portfolios can decrease your overall portfolio volatility.