Conagra Foods Stock Market Value
| CAG Stock | USD 28.19 0.30 1.05% |
| Symbol | ConAgra |
ConAgra Foods Valuation
Is ConAgra Foods' 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 ConAgra Foods. If investors know ConAgra 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 ConAgra Foods 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 (0.76) | Dividend Share 1.34 | Earnings Share 2.25 | Revenue Per Share 25.667 | Return On Assets 0.056 |
The market value of ConAgra Foods is measured differently than its book value, which is the value of ConAgra that is recorded on the company's balance sheet. Investors also form their own opinion of ConAgra Foods' value that differs from its market value or its book value, called intrinsic value, which is ConAgra Foods' 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 ConAgra Foods' market value can be influenced by many factors that don't directly affect ConAgra Foods' 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 ConAgra Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if ConAgra Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConAgra Foods' 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.
ConAgra Foods '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 ConAgra Foods' stock 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 ConAgra Foods.
| 09/29/2023 |
| 11/28/2023 |
If you would invest 0.00 in ConAgra Foods on September 29, 2023 and sell it all today you would earn a total of 0.00 from holding ConAgra Foods or generate 0.0% return on investment in ConAgra Foods over 60 days. ConAgra Foods is related to or competes with Village Super, Gfl Environmental, Seche Environnement, and Nocera. Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North Americ... More
ConAgra Foods 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 ConAgra Foods' stock 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 ConAgra Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.044736) | |||
| Maximum Drawdown | 7.15 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.54 |
ConAgra Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ConAgra Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ConAgra Foods' standard deviation. In reality, there are many statistical measures that can use ConAgra Foods historical prices to predict the future ConAgra Foods' volatility.| Risk Adjusted Performance | (0.01466) | |||
| Jensen Alpha | (0.046499) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ConAgra Foods' 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 Foods in the context of predictive analytics.
ConAgra Foods Backtested Returns
ConAgra Foods secures Sharpe Ratio (or Efficiency) of -0.0584, which signifies that the company had -0.0584% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. ConAgra Foods exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm ConAgra Foods Standard Deviation of 1.29, risk adjusted performance of (0.01466), and Mean Deviation of 0.9274 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3425, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ConAgra Foods returns are expected to increase less than the market. However, during the bear market, the loss on holding ConAgra Foods will be expected to be smaller as well. Even though it is essential to pay attention to ConAgra Foods historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ConAgra Foods exposes twenty-one different technical indicators, which can help you to evaluate its performance. ConAgra Foods has an expected return of -0.0768%. Please make sure to confirm ConAgra Foods skewness, rate of daily change, and the relationship between the treynor ratio and accumulation distribution to decide if ConAgra Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
ConAgra Foods has poor predictability. Overlapping area represents the amount of predictability between ConAgra Foods time series from 29th of September 2023 to 29th of October 2023 and 29th of October 2023 to 28th of November 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ConAgra Foods price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current ConAgra Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
ConAgra Foods lagged returns against current returns
Autocorrelation, which is ConAgra Foods stock'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 ConAgra Foods' stock expected returns. We can calculate the autocorrelation of ConAgra Foods returns to help us make a trade decision. For example, suppose you find that ConAgra Foods stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ConAgra Foods 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 ConAgra Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ConAgra Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ConAgra Foods stock over time.
Current vs Lagged Prices |
| Timeline |
ConAgra Foods Lagged Returns
When evaluating ConAgra Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ConAgra Foods stock have on its future price. ConAgra Foods 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, ConAgra Foods autocorrelation shows the relationship between ConAgra Foods stock current value and its past values and can show if there is a momentum factor associated with investing in ConAgra Foods.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ConAgra Foods without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair Trading with ConAgra Foods
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 ConAgra Foods 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 ConAgra Foods will appreciate offsetting losses from the drop in the long position's value.Moving together with ConAgra Stock
| + | 0.68 | WEST | Westrock Coffee | Fiscal Quarter End 31st of December 2023 | PairCorr |
The ability to find closely correlated positions to ConAgra Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConAgra Foods 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 ConAgra Foods - 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 ConAgra Foods to buy it.
The correlation of ConAgra Foods is a statistical measure of how it moves in relation to other equities. 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 ConAgra Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConAgra 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 ConAgra Foods 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 ConAgra Foods Correlation, ConAgra Foods Volatility and ConAgra Foods Alpha and Beta module to complement your research on ConAgra Foods. For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.Note that the ConAgra Foods information on this page should be used as a complementary analysis to other ConAgra Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for ConAgra Stock analysis
When running ConAgra Foods' price analysis, check to measure ConAgra Foods' 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 ConAgra Foods is operating at the current time. Most of ConAgra Foods' value examination focuses on studying past and present price action to predict the probability of ConAgra Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConAgra Foods' price. Additionally, you may evaluate how the addition of ConAgra Foods to your portfolios can decrease your overall portfolio volatility.
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ConAgra Foods technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.