Cal Maine Stock Forecast - Market Risk Adjusted Performance
| CALM Stock | USD 60.09 0.87 1.47% |
Cal Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Cal Maine stock prices and determine the direction of Cal Maine Foods's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Cal Maine's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Cal Maine's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cal Maine's systematic risk associated with finding meaningful patterns of Cal Maine fundamentals over time.
Check out Historical Fundamental Analysis of Cal Maine to cross-verify your projections. Cal |
Open Interest Against 2024-04-19 Cal Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Cal Maine's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Cal Maine's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Cal Maine stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Cal Maine's open interest, investors have to compare it to Cal Maine's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Cal Maine is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Cal. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Cal Maine cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Cal Maine's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Cal Maine's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Cal Maine Volatility | Backtest Cal Maine | Information Ratio |
Cal Maine Trading Date Momentum
| On April 19 2024 Cal Maine Foods was traded for 60.09 at the closing time. The top price for the day was 60.48 and the lowest listed price was 58.50 . The trading volume for the day was 754.3 K. The trading history from April 19, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.65% . |
| Compare Cal Maine to competition |
Other Forecasting Options for Cal Maine
For every potential investor in Cal, whether a beginner or expert, Cal Maine's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cal. Basic forecasting techniques help filter out the noise by identifying Cal Maine's price trends.Cal Maine Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cal Maine stock to make a market-neutral strategy. Peer analysis of Cal Maine could also be used in its relative valuation, which is a method of valuing Cal Maine by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cal Maine Foods Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cal Maine's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Cal Maine's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cal Maine Market Strength Events
Market strength indicators help investors to evaluate how Cal Maine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cal Maine shares will generate the highest return on investment. By undertsting and applying Cal Maine stock market strength indicators, traders can identify Cal Maine Foods entry and exit signals to maximize returns.
| Accumulation Distribution | 24694.12 | |||
| Daily Balance Of Power | 0.4394 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 59.49 | |||
| Day Typical Price | 59.69 | |||
| Price Action Indicator | 1.04 | |||
| Period Momentum Indicator | 0.87 |
Cal Maine Risk Indicators
The analysis of Cal Maine's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Cal Maine's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cal stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.04 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 1.37 | |||
| Variance | 1.87 | |||
| Downside Variance | 1.94 | |||
| Semi Variance | 1.38 | |||
| Expected Short fall | (1.06) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Cal Maine Investors Sentiment
The influence of Cal Maine's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cal Maine's public news can be used to forecast risks associated with an investment in Cal. The trend in average sentiment can be used to explain how an investor holding Cal can time the market purely based on public headlines and social activities around Cal Maine Foods. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cal Maine's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cal Maine's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cal Maine's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cal Maine.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cal Maine in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cal Maine's short interest history, or implied volatility extrapolated from Cal Maine options trading.
Pair Trading with Cal Maine
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 Cal Maine 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 Cal Maine will appreciate offsetting losses from the drop in the long position's value.Moving together with Cal Stock
| 0.82 | TSN | Tyson Foods Financial Report 13th of May 2024 | PairCorr |
Moving against Cal Stock
| 0.82 | PAVS | Paranovus Entertainment | PairCorr |
| 0.81 | IH | IhumanInc | PairCorr |
| 0.8 | SAM | Boston Beer Earnings Call This Week | PairCorr |
| 0.77 | ABEV | Ambev SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.68 | BUD | Anheuser Busch Inbev Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Cal Maine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cal Maine 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 Cal Maine - 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 Cal Maine Foods to buy it.
The correlation of Cal Maine 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 Cal Maine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cal Maine Foods 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 Cal Maine 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 Historical Fundamental Analysis of Cal Maine to cross-verify your projections. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary 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.
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Is Cal Maine's industry 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 Cal Maine. If investors know Cal 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 Cal Maine 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 (0.55) | Dividend Share 1.879 | Earnings Share 5.64 | Revenue Per Share 48.755 | Quarterly Revenue Growth (0.29) |
The market value of Cal Maine Foods is measured differently than its book value, which is the value of Cal that is recorded on the company's balance sheet. Investors also form their own opinion of Cal Maine's value that differs from its market value or its book value, called intrinsic value, which is Cal Maine'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 Cal Maine's market value can be influenced by many factors that don't directly affect Cal Maine'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 Cal Maine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cal Maine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cal Maine'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.