Mccormick Company Incorporated Etf Market Value
| MKC Etf | USD 72.70 0.43 0.59% |
| Symbol | McCormick |
The market value of McCormick rporated 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.
McCormick Company '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 McCormick Company's etf 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 McCormick Company.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in McCormick Company on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding McCormick Company Incorporated or generate 0.0% return on investment in McCormick Company over 30 days. McCormick Company is related to or competes with ConAgra Foods, Campbell Soup, Kellanova, General Mills, Hormel Foods, JM Smucker, and Kraft Heinz. McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other fl... More
McCormick Company 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 McCormick Company's etf 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 McCormick Company Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0649 | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.89 |
McCormick Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McCormick Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McCormick Company's standard deviation. In reality, there are many statistical measures that can use McCormick Company historical prices to predict the future McCormick Company's volatility.| Risk Adjusted Performance | 0.0693 | |||
| Jensen Alpha | 0.1624 | |||
| Total Risk Alpha | 0.0023 | |||
| Sortino Ratio | 0.0945 | |||
| Treynor Ratio | 0.5717 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of McCormick Company'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.
McCormick rporated Backtested Returns
McCormick Company appears to be very steady, given 3 months investment horizon. McCormick rporated retains Efficiency (Sharpe Ratio) of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for McCormick Company, which you can use to evaluate the volatility of the etf. Please exercise McCormick Company's Market Risk Adjusted Performance of 0.5817, semi deviation of 1.14, and Mean Deviation of 1.19 to check out if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, McCormick Company's returns are expected to increase less than the market. However, during the bear market, the loss of holding McCormick Company is expected to be smaller as well.
Auto-correlation | -0.87 |
Excellent reverse predictability
McCormick Company Incorporated has excellent reverse predictability. Overlapping area represents the amount of predictability between McCormick Company time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of McCormick rporated price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current McCormick Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.79 |
McCormick rporated lagged returns against current returns
Autocorrelation, which is McCormick Company etf'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 McCormick Company's etf expected returns. We can calculate the autocorrelation of McCormick Company returns to help us make a trade decision. For example, suppose you find that McCormick Company has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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McCormick Company 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 McCormick Company etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McCormick Company etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McCormick Company etf over time.
Current vs Lagged Prices |
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McCormick Company Lagged Returns
When evaluating McCormick Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McCormick Company etf have on its future price. McCormick Company 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, McCormick Company autocorrelation shows the relationship between McCormick Company etf current value and its past values and can show if there is a momentum factor associated with investing in McCormick Company Incorporated.
Regressed Prices |
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McCormick Company technical etf 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, etf market cycles, or different charting patterns.