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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Cal Stock

  0.64VITL Vital FarmsPairCorr
  0.78SFD Smithfield Foods, CommonPairCorr
  0.84OTLY Oatly Group ABPairCorr
  0.67RKDA Arcadia BiosciencesPairCorr
  0.63RMCF Rocky Mountain ChocolatePairCorr
  0.75DG Dollar GeneralPairCorr
  0.88EL Estee Lauder Companies Earnings Call TodayPairCorr
  0.68IH Ihuman Inc TrendingPairCorr
  0.69PM Philip Morris Intern Earnings Call TomorrowPairCorr
  0.7TR Tootsie Roll Industries Earnings Call This WeekPairCorr

Moving against Cal Stock

  0.85CCU Compania CerveceriasPairCorr
  0.85IMG CIMG Inc Symbol ChangePairCorr
  0.8SAM Boston Beer Earnings Call This WeekPairCorr
  0.76PAVS Paranovus EntertainmentPairCorr
  0.75K Kellanova Earnings Call This WeekPairCorr
  0.67STZ Constellation BrandsPairCorr
  0.64TSN Tyson FoodsPairCorr
  0.64GO Grocery Outlet HoldingPairCorr
  0.59BJ BJs Wholesale ClubPairCorr
  0.57CL Colgate Palmolive Earnings Call This WeekPairCorr
  0.56GV Visionary EducationPairCorr
  0.38BRID Bridgford FoodsPairCorr
  0.84JZ Jianzhi EducationPairCorr
  0.77WGRX Wellgistics Health, Buyout TrendPairCorr
  0.77WVVI Willamette ValleyPairCorr
  0.76FARM Farmer BrosPairCorr
  0.61EEIQ Elite Education GroupPairCorr
  0.59UL Unilever PLC ADRPairCorr
  0.59EDTK Skillful CraftsmanPairCorr
  0.55VSTA Vasta PlatformPairCorr
  0.54PG Procter GamblePairCorr
  0.53KO Coca Cola Earnings Call TomorrowPairCorr

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   
ADMALCO
AGROTSN
DOLETSN
LMNRTSN
FDPDOLE
ADMBG
  
High negative correlations   
ALCOTSN
ALCODOLE
ADMTSN
ALCOAGRO
ADMDOLE
ADMAGRO

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.

Cal Maine Corporate Management

Robert HolladayVP and General CounselProfile
Matthew GloverVice AccountingProfile
JiaVonne ScottVP TreasuryProfile
Matt GloverVP AccountingProfile