ConAgra Volatility

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CAG -- USA Stock  

 Earnings Call  In Three Weeks

Macroaxis considers ConAgra Brands very steady given 3 months investment horizon. ConAgra Brands secures Sharpe Ratio (or Efficiency) of 0.102, which signifies that the organization had 0.102% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for ConAgra Brands, which you can use to evaluate future volatility of the firm. Please makes use of ConAgra Brands Downside Deviation of 3.97, Mean Deviation of 2.16 and Risk Adjusted Performance of 0.3102 to double-check if our risk estimates are consistent with your expectations.

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ConAgra Brands Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of ConAgra daily returns, and it is calculated using variance and standard deviation. We also use ConAgra's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of ConAgra Brands volatility.

  Interest Expense

90 Days Market Risk

Very steady

Chance of Distress

Below Average

90 Days Economic Sensitivity

Slowly supersedes market

ConAgra Brands Market Sensitivity

As returns on market increase, returns on owning ConAgra Brands are expected to decrease at a much smaller rate. During bear market, ConAgra Brands is likely to outperform the market.
3 Months Beta |Analyze ConAgra Brands Demand Trend
Check current 30 days ConAgra Brands correlation with market (DOW)
β = -0.2327

ConAgra Brands Central Daily Price Deviation

ConAgra Brands Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of ConAgra Brands high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only ConAgra Brands closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

ConAgra Brands Projected Return Density Against Market

Considering 30-days investment horizon, ConAgra Brands has beta of -0.2327 . This suggests as returns on benchmark increase, returns on holding ConAgra Brands are expected to decrease at a much smaller rate. During bear market, however, ConAgra Brands is likely to outperform the market. Moreover, 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 ConAgra Brands or Baby Boomer Prospects 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 ConAgra Brands stock's price will be affected by overall stock 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 ConAgra stock'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. The company has an alpha of 0.3442 implying that it can potentially generate 0.3442% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

ConAgra Brands Risk Measures

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 ConAgra Brands or Baby Boomer Prospects 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 ConAgra Brands stock's price will be affected by overall stock 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 ConAgra stock'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. Considering 30-days investment horizon, the coefficient of variation of ConAgra Brands is 980.6. The daily returns are destributed with a variance of 13.3 and standard deviation of 3.65. The mean deviation of ConAgra Brands is currently at 2.15. For similar time horizon, the selected benchmark (DOW) has volatility of 3.84
α
Alpha over DOW
=0.34
β
Beta against DOW=-0.23
σ
Overall volatility
=3.65
Ir
Information ratio =0.0054

ConAgra Brands Return Volatility

the firm has volatility of 3.6466% on return distribution over 30 days investment horizon. the entity inherits 3.8362% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About ConAgra Brands Volatility

Volatility is a rate at which the price of ConAgra Brands or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of ConAgra Brands may increase or decrease. In other words, similar to ConAgra's beta indicator, it measures the risk of ConAgra Brands and helps estimate the fluctuations that may happen in a short period of time. So if prices of ConAgra Brands fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.
Last ReportedProjected for 2020
Market Capitalization 16,488,489,149  16,160,000,000 
Conagra Brands, Inc., together with its subsidiaries, operates as a food company in North America. Conagra Brands, Inc. was founded in 1919 and is headquartered in Chicago, Illinois. ConAgra Brands operates under Packaged Foods classification in USA and is traded on BATS Exchange. It employs 18000 people.

ConAgra Brands Investment Opportunity

DOW has a standard deviation of returns of 3.84 and is 1.05 times more volatile than ConAgra Brands. 32  of all equities and portfolios are less risky than ConAgra Brands. Compared to the overall equity markets, volatility of historical daily returns of ConAgra Brands is lower than 32 () of all global equities and portfolios over the last 30 days. Use ConAgra Brands to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of ConAgra Brands to be traded at $35.09 in 30 days. . As returns on market increase, returns on owning ConAgra Brands are expected to decrease at a much smaller rate. During bear market, ConAgra Brands is likely to outperform the market.

ConAgra Brands correlation with market

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding ConAgra Brands Inc and equity matching DJI index in the same portfolio.

ConAgra Brands Additional Risk Indicators

The analysis of various secondary risk indicators of ConAgra Brands is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in ConAgra Brands investment, and either accepting that risk or mitigating it. Along with some common measures of ConAgra Brands stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance0.3102
Market Risk Adjusted Performance(1.21)
Mean Deviation2.16
Semi Deviation3.62
Downside Deviation3.97
Coefficient Of Variation1234.2
Standard Deviation3.62

ConAgra Brands Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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