Conagra Story

CAG -- USA Stock

USD 37.85 0.30 0.80%

Macroaxis Story

It looks as if Conagra Brands may not recover as fast as we have hopped for as its price went down 1.01% today. The company current daily volatility is 1.42 percent, with a beta of 0.22 and an alpha of 0.04 over DOW. As some shareholders are moving away from the latest market volatility surge, we are going to digest Conagra Brands based on how it reacts to economic swings. What exactly are Conagra Brands shareholders getting in May?

Published over a week ago

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Should you take up Conagra Brands after the latest volatility surge?

Conagra Brands has roughly 68 M in cash with 1.96 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.

Conagra Brands advice module can be used to check and cross-verify current investment recommendation provided by analysts analyzing the company's potential to grow using all of fundamental, technical, data market data available at the time.

Should you take up Conagra Brands after the latest volatility surge?

Investing in Conagra Brands, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Conagra Brands along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Conagra Brands' stock 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. Please use the tools below to analyze the current value of Conagra Brands in the context of predictive analytics.

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Conagra Brands. Your research has to be compared to or analyzed against Conagra Brands' peers to derive any actionable benefits. When done correctly, Conagra Brands' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Conagra Brands.

How important is Conagra Brands's Liquidity

Conagra Brands financial leverage refers to using borrowed capital as a funding source to finance Conagra Brands ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Conagra Brands financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Conagra Brands's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.

It is good to see analyst projects for Conagra Brands, but it might be worth checking our own buy vs. sell analysis

Conagra Brands Correlation with Peers

Investors in Conagra can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Conagra Brands. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Conagra Brands and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Conagra is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.

Please check volatility of Conagra for more details

Breaking down Conagra Brands Indicators

We consider Conagra Brands very steady. Conagra Brands secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had 0.11% of return per unit of risk over the last month. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Conagra Brands, which you can use to evaluate future volatility of the firm. Please confirm Conagra Brands Downside Deviation of 1.81, risk adjusted performance of 0.0462, and Mean Deviation of 1.2 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%.

	K	LW	DTEA	ANFIF	FAMI
K		-0.07	-0.28	0.49	-0.56	K
LW	-0.07		0.34	0.41	-0.06	LW
DTEA	-0.28	0.34		0.33	0.45	DTEA
ANFIF	0.49	0.41	0.33		-0.1	ANFIF
FAMI	-0.56	-0.06	0.45	-0.1		FAMI
	K	LW	DTEA	ANFIF	FAMI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Will Conagra dip impact its fundamentals?

Latest value at risk is at -2.85. Conagra Brands has relatively low volatility with skewness of -0.84 and kurtosis of 1.35. However, we advise all investors to independently investigate Conagra Brands to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Conagra Brands' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Conagra Brands' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Takeaway

Although some firms in the packaged foods industry are either recovering or due for a correction, Conagra Brands may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 8th of April 2021, we believe Conagra Brands is currently fairly valued. It slowly supersedes the market and projects below average probability of financial unrest in the next two years. Our overall 30 days buy-hold-sell recommendation on the firm is Strong Hold.

About Contributor

Ellen Johnson is a Member of Macroaxs Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management. View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Conagra Brands. Please refer to our Terms of Use for any information regarding our disclosure principles.

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Conagra Story

USD 37.85 0.30 0.80%

How important is Conagra Brands's Liquidity

What do experts say?

Conagra Brands Correlation with Peers

Breaking down Conagra Brands Indicators

Will Conagra dip impact its fundamentals?

Our Final Takeaway

About Contributor

Would you like to provide feedback on the content of this article?

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