Caseys General Stores's average rating is Hold from 10 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Caseys General market sentiment investors' perception of the future value of Caseys. Let us look at a few aspects of Caseys technical analysis. About
87.0% of the company shares are held by institutions such as insurance companies. The book value of Caseys General was currently reported as 47.45. Caseys General Stores has Price/Earnings To Growth (PEG) ratio of 2.58. The entity recorded earning per share (EPS) of 8.03. The firm last dividend was issued on the 30th of October 2020. Caseys General had
2:1 split on the 17th of February 1998.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Caseys General Stores. In general, sophisticated investors focus on analyzing Caseys General stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Caseys General's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of
Caseys General's intrinsic value. In addition to deriving basic predictive indicators for Caseys General, many experienced traders also check how macroeconomic factors affect Caseys General price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed
many market ups and downs, anticipate that the market will even out over time. This tendency of Caseys General'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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Caseys General. Your research has to be compared to or analyzed against Caseys General's peers to derive any actionable benefits. When done correctly, Caseys General's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Caseys General Stores.
How does Caseys Stands against Peers?
Analyzing Caseys General competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Caseys General across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
Caseys General Competition DetailsCaseys General Gross Profit
Caseys General Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Caseys General previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Caseys General Gross Profit growth over the last 10 years. Please check Caseys General's
gross profit and other
fundamental indicators for more details.
Closer look at Caseys General Variance
Caseys General Stores has current Variance of 3.12. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Variance | = | SUM(RET DEV)2 N |
| = | 3.12 |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Let's now compare Caseys General Variance to its closest peers:
| CASY | 3.119555693742745 |
| GO | 5.89 |
| KR | 2.83 |
| IMKTA | 2.92 |
| IFMK | 15.16 |
Another 3 percent rise for Caseys General
The coefficient of variation is down to 1815.71 as of today. As of the 7th of December, Caseys General shows the Downside Deviation of 1.58,
mean deviation of 1.26, and Risk Adjusted Performance of 0.0715. Caseys General Stores
technical analysis gives you the methodology to make use of
historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated nineteen
technical drivers for Caseys General Stores, which can be compared to its rivals. Please confirm
Caseys General Stores variance and
potential upside to decide if Caseys General Stores is priced correctly, providing market reflects its regular price of 191.56 per share. Given that Caseys General has
jensen alpha of 0.0435, we suggest you to validate Caseys General Stores's prevailing market performance to make sure the company can sustain itself at a future point.
Our Bottom Line On Caseys General Stores
While some companies within the grocery stores industry are still a little expensive, even after the recent corrections, Caseys General may offer a potential longer-term growth to investors. To conclude, as of the 7th of December 2020, we believe that at this point, Caseys General is
overvalued with
low probability of distress within the next 2 years. However, our latest buy-or-sell advice on the company is
Strong Buy.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, 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 Vlad Skutelnik do not own shares of Caseys General Stores. Please refer to our
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