Mccormick Company Incorporated Etf Buy Hold or Sell Recommendation
| MKC Etf | USD 75.45 0.31 0.41% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding McCormick Company Incorporated is 'Strong Hold'. Macroaxis provides McCormick Company buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MKC positions. The advice algorithm takes into account all of McCormick Company's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting McCormick Company's buy or sell advice are summarized below:
Real Value 73.64 | Target Price 78 | Hype Value 75.39 | Market Value 75.45 | Naive Value 78.02 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell McCormick Company Incorporated given historical horizon and risk tolerance towards McCormick Company. When Macroaxis issues a 'buy' or 'sell' recommendation for McCormick Company Incorporated, the advice is generated through an automated system that utilizes algorithms and statistical models.
McCormick |
Execute McCormick Company Buy or Sell Advice
The McCormick recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on McCormick Company Incorporated. Macroaxis does not own or have any residual interests in McCormick Company Incorporated or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute McCormick Company's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
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Strong Hold
McCormick Company Trading Alerts and Improvement Suggestions
| The company has 4.59 B in debt with debt to equity (D/E) ratio of 1.17, which is OK given its current industry classification. McCormick Company has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist McCormick Company until it has trouble settling it off, either with new capital or with free cash flow. So, McCormick Company's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like McCormick Company sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for McCormick to invest in growth at high rates of return. When we think about McCormick Company's use of debt, we should always consider it together with cash and equity. | |
| Over 89.0% of McCormick Company shares are owned by institutional investors | |
| On 25th of April 2024 McCormick Company paid $ 0.37 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Beat the Market the Zacks Way ADMA Biologics, Carlisle, McCormick Manufacturing in Focus | |
| The fund maintains all of the assets in different exotic instruments |
McCormick Company Returns Distribution Density
The distribution of McCormick Company's historical returns is an attempt to chart the uncertainty of McCormick Company's future price movements. The chart of the probability distribution of McCormick Company daily returns describes the distribution of returns around its average expected value. We use McCormick Company Incorporated price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of McCormick Company returns is essential to provide solid investment advice for McCormick Company.
| Mean Return | 0.18 | Value At Risk | -2.13 | Potential Upside | 2.15 | Standard Deviation | 1.77 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of McCormick Company historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
McCormick Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as McCormick Company is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading McCormick Company Incorporated backward and forwards among themselves. McCormick Company's institutional investor refers to the entity that pools money to purchase McCormick Company's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 3.2 M | Champlain Investment Partners, Llc | 2023-12-31 | 3.1 M | Proshare Advisors Llc | 2023-12-31 | 2.6 M | Norges Bank | 2023-12-31 | 2.4 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 2.2 M | Amvescap Plc. | 2023-12-31 | 2.2 M | Legal & General Group Plc | 2023-12-31 | 2.2 M | Pictet Asset Manangement Sa | 2023-12-31 | 1.7 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.7 M | Vanguard Group Inc | 2023-12-31 | 30.2 M | Blackrock Inc | 2023-12-31 | 19.1 M |
McCormick Company Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to McCormick Company or Food Products sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that McCormick Company's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a McCormick etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.15 | |
β | Beta against NYSE Composite | 0.23 | |
σ | Overall volatility | 1.75 | |
Ir | Information ratio | 0.06 |
McCormick Company Volatility Alert
McCormick Company Incorporated has relatively low volatility with skewness of 2.96 and kurtosis of 17.06. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure McCormick Company's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact McCormick Company's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.McCormick Company Fundamentals Vs Peers
Comparing McCormick Company's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze McCormick Company's direct or indirect competition across all of the common fundamentals between McCormick Company and the related equities. This way, we can detect undervalued stocks with similar characteristics as McCormick Company or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of McCormick Company's fundamental indicators could also be used in its relative valuation, which is a method of valuing McCormick Company by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare McCormick Company to competition |
| Fundamentals | McCormick Company | Peer Average |
| Price To Earning | 33.17 X | 3.15 X |
| Price To Book | 3.68 X | 0.39 X |
| Price To Sales | 2.88 X | 0.33 X |
| Beta | 0.73 | |
| Annual Yield | 0.02 % | 0.28 % |
| Five Year Return | 1.54 % | 1.12 % |
| Net Asset | 12.86 B | 2.29 B |
| Last Dividend Paid | 1.59 | 0.14 |
Note: Disposition of 212 shares by Sarah Piper of McCormick Company subject to Rule 16b-3 [view details]
McCormick Company Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as McCormick . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About McCormick Company Buy or Sell Advice
When is the right time to buy or sell McCormick Company Incorporated? Buying financial instruments such as McCormick Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out McCormick Company Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of McCormick Company is measured differently than its book value, which is the value of McCormick that is recorded on the company's balance sheet. Investors also form their own opinion of McCormick Company's value that differs from its market value or its book value, called intrinsic value, which is McCormick Company'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 McCormick Company's market value can be influenced by many factors that don't directly affect McCormick Company'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 McCormick Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if McCormick Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McCormick Company'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.