Caseys Story

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CASY -- USA Stock  

USD 197.41  1.23  0.63%

As many baby boomers are indifferent towards consumer defensive space, it makes sense to break down Caseys General Stores against current market trends. As expected, Caseys General is starting to reaffirm its true potential as investors are becoming more and more confident in the future outlook. The returns on the market and returns on Caseys General appear slightly correlated for the last few months. Strong basic indicators of the company may also suggest signals of long term gains for Caseys investors. Caseys General Stores is scheduled to announce its earnings today. The next earnings report is expected on the 8th of March 2021.
Published over a month ago
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Should you trade Caseys General (NASDAQ:CASY) based on current technical indicators?
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 will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Caseys General Stores. In general, we focus on analyzing Caseys General stock price patterns and their correlations with different microeconomic environment and drivers. We also 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, we 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, frequently view the market will even out over time. This tendency of Caseys General's 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 Caseys General 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 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 towards 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 Details

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 Caseys General, but it might be worth checking our own buy vs. sell analysis

Caseys General exotic insider transaction detected

Legal trades by Caseys General insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Caseys insider trading alert for general transaction of restricted stock units by Darren Rebelez, President and CEO, on 19th of January 2021. This event was filed by Caseys General Stores Inc with SEC on 2021-01-19. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

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 
 = 
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
GO
KR
IMKTA
IFMK
CASY3.119555693742745
GO5.89
KR2.83
IMKTA2.92
IFMK15.16

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.

About Contributor

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 Terms of Use for any information regarding our disclosure principles.

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