Cal Maine Correlations
CALM Stock | USD 106.22 0.28 0.26% |
The current 90-days correlation between Cal Maine Foods and Adecoagro SA is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cal Maine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cal Maine Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cal Maine Correlation With Market
Modest diversification
The correlation between Cal Maine Foods and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cal Maine Foods and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Cal Stock
0.64 | VITL | Vital Farms | PairCorr |
0.78 | SFD | Smithfield Foods, Common | PairCorr |
0.84 | OTLY | Oatly Group AB | PairCorr |
0.67 | RKDA | Arcadia Biosciences | PairCorr |
0.63 | RMCF | Rocky Mountain Chocolate | PairCorr |
0.75 | DG | Dollar General | PairCorr |
0.88 | EL | Estee Lauder Companies Earnings Call Today | PairCorr |
0.68 | IH | Ihuman Inc Trending | PairCorr |
0.69 | PM | Philip Morris Intern Earnings Call Tomorrow | PairCorr |
0.7 | TR | Tootsie Roll Industries Earnings Call This Week | PairCorr |
Moving against Cal Stock
0.85 | CCU | Compania Cervecerias | PairCorr |
0.85 | IMG | CIMG Inc Symbol Change | PairCorr |
0.8 | SAM | Boston Beer Earnings Call This Week | PairCorr |
0.76 | PAVS | Paranovus Entertainment | PairCorr |
0.75 | K | Kellanova Earnings Call This Week | PairCorr |
0.67 | STZ | Constellation Brands | PairCorr |
0.64 | TSN | Tyson Foods | PairCorr |
0.64 | GO | Grocery Outlet Holding | PairCorr |
0.59 | BJ | BJs Wholesale Club | PairCorr |
0.57 | CL | Colgate Palmolive Earnings Call This Week | PairCorr |
0.56 | GV | Visionary Education | PairCorr |
0.38 | BRID | Bridgford Foods | PairCorr |
0.84 | JZ | Jianzhi Education | PairCorr |
0.77 | WGRX | Wellgistics Health, Buyout Trend | PairCorr |
0.77 | WVVI | Willamette Valley | PairCorr |
0.76 | FARM | Farmer Bros | PairCorr |
0.61 | EEIQ | Elite Education Group | PairCorr |
0.59 | UL | Unilever PLC ADR | PairCorr |
0.59 | EDTK | Skillful Craftsman | PairCorr |
0.55 | VSTA | Vasta Platform | PairCorr |
0.54 | PG | Procter Gamble | PairCorr |
0.53 | KO | Coca Cola Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cal Stock performing well and Cal Maine Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cal Maine's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
BG | 1.36 | (0.05) | 0.00 | (0.24) | 0.00 | 3.45 | 10.56 | |||
TSN | 1.01 | (0.28) | 0.00 | (0.31) | 0.00 | 1.67 | 8.83 | |||
DOLE | 1.07 | (0.04) | (0.08) | (0.04) | 1.62 | 2.10 | 9.32 | |||
AGRO | 1.57 | (0.22) | 0.00 | 131.03 | 0.00 | 2.84 | 16.78 | |||
LMNR | 1.71 | (0.22) | 0.00 | (0.08) | 0.00 | 3.34 | 11.83 | |||
ALCO | 1.02 | 0.12 | 0.03 | 0.48 | 1.11 | 2.60 | 7.70 | |||
ADM | 1.21 | 0.24 | 0.12 | 1.93 | 0.86 | 3.16 | 6.95 | |||
FDP | 1.08 | 0.11 | (0.01) | 1.65 | 1.41 | 2.33 | 8.49 |
Cal Maine Corporate Management
Robert Holladay | VP and General Counsel | Profile | |
Matthew Glover | Vice Accounting | Profile | |
JiaVonne Scott | VP Treasury | Profile | |
Matt Glover | VP Accounting | Profile |