MCCORMICK INC 325 Market Value
| 579780AK3 | 98.81 0.39 0.40% |
| Symbol | MCCORMICK |
MCCORMICK '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 MCCORMICK's bond 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 MCCORMICK.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in MCCORMICK on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding MCCORMICK INC 325 or generate 0.0% return on investment in MCCORMICK over 360 days. MCCORMICK is related to or competes with Dennys Corp, Dave Busters, Shake Shack, RCI Hospitality, Biglari Holdings, Playtech Plc, and Dominos Pizza. More
MCCORMICK 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 MCCORMICK's bond 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 MCCORMICK INC 325 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.6836 |
MCCORMICK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MCCORMICK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MCCORMICK's standard deviation. In reality, there are many statistical measures that can use MCCORMICK historical prices to predict the future MCCORMICK's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.2082 |
MCCORMICK INC 325 Backtested Returns
MCCORMICK INC 325 retains Efficiency (Sharpe Ratio) of -0.0632, which conveys that the bond had a -0.0632% return per unit of risk over the last 3 months. MCCORMICK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MCCORMICK's Coefficient Of Variation of (3,936), market risk adjusted performance of 0.2182, and Mean Deviation of 0.3906 to check out the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MCCORMICK are expected to decrease at a much lower rate. During the bear market, MCCORMICK is likely to outperform the market.
Auto-correlation | 0.02 |
Virtually no predictability
MCCORMICK INC 325 has virtually no predictability. Overlapping area represents the amount of predictability between MCCORMICK time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 MCCORMICK INC 325 price movement. The serial correlation of 0.02 indicates that only 2.0% of current MCCORMICK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
MCCORMICK INC 325 lagged returns against current returns
Autocorrelation, which is MCCORMICK bond'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 MCCORMICK's bond expected returns. We can calculate the autocorrelation of MCCORMICK returns to help us make a trade decision. For example, suppose you find that MCCORMICK has exhibited high autocorrelation historically, and you observe that the bond 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 |
MCCORMICK 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 MCCORMICK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MCCORMICK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MCCORMICK bond over time.
Current vs Lagged Prices |
| Timeline |
MCCORMICK Lagged Returns
When evaluating MCCORMICK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MCCORMICK bond have on its future price. MCCORMICK 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, MCCORMICK autocorrelation shows the relationship between MCCORMICK bond current value and its past values and can show if there is a momentum factor associated with investing in MCCORMICK INC 325.
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.Other Information on Investing in MCCORMICK Bond
MCCORMICK financial ratios help investors to determine whether MCCORMICK Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MCCORMICK with respect to the benefits of owning MCCORMICK security.