Cal Maine Correlations

CALM Stock

USD 89.20 0.48 0.54%

The current 90-days correlation between Cal Maine Foods and Bunge Limited is 0.03 (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

Very good diversification

The correlation between Cal Maine Foods and DJI is -0.25 (i.e., Very good 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

0.78	GO	Grocery Outlet Holding	Pair Corr
0.73	DNUT	Krispy Kreme	Pair Corr
0.77	VINE	Fresh Grapes LLC	Pair Corr
0.83	VITL	Vital Farms	Pair Corr
0.82	EEIQ	Elite Education Group	Pair Corr

Moving against Cal Stock

0.85	BUD	Anheuser Busch Inbev	Pair Corr
0.83	MO	Altria Group	Pair Corr
0.79	FMX	Fomento Economico	Pair Corr
0.78	KO	Coca Cola	Pair Corr
0.73	YI	111 Inc	Pair Corr
0.7	DG	Dollar General	Pair Corr
0.69	JZ	Jianzhi Education	Pair Corr
0.69	PM	Philip Morris Intern	Pair Corr
0.64	K	Kellanova	Pair Corr
0.62	KR	Kroger Company	Pair Corr
0.61	GV	Visionary Education	Pair Corr
0.57	TR	Tootsie Roll Industries	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.52	BJ	BJs Wholesale Club	Pair Corr
0.52	YQ	17 Education Technology	Pair Corr
0.51	CL	Colgate Palmolive	Pair Corr
0.32	UL	Unilever PLC ADR	Pair Corr
0.77	FARM	Farmer Bros	Pair Corr
0.67	WYHG	Wing Yip Food	Pair Corr
0.63	VSTA	Vasta Platform	Pair Corr
0.54	DOLE	Dole PLC	Pair Corr
0.54	ACI	Albertsons Companies	Pair Corr
0.4	BGS	BG Foods	Pair Corr
0.36	WAFU	Wah Fu Education	Pair Corr
0.35	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.32	BTI	British American Tobacco	Pair Corr
0.31	WILC	G Willi Food	Pair Corr

Related Correlations Analysis

	BG	TSN	DOLE	AGRO	LMNR	ALCO	ADM	FDP
BG		-0.24	-0.13	-0.18	0.49	-0.31	0.94	0.66	BG
TSN	-0.24		0.87	0.83	-0.33	-0.31	-0.3	-0.21	TSN
DOLE	-0.13	0.87		0.67	-0.19	-0.33	-0.17	-0.02	DOLE
AGRO	-0.18	0.83	0.67		-0.4	-0.1	-0.28	-0.39	AGRO
LMNR	0.49	-0.33	-0.19	-0.4		-0.43	0.49	0.78	LMNR
ALCO	-0.31	-0.31	-0.33	-0.1	-0.43		-0.2	-0.67	ALCO
ADM	0.94	-0.3	-0.17	-0.28	0.49	-0.2		0.63	ADM
FDP	0.66	-0.21	-0.02	-0.39	0.78	-0.67	0.63		FDP
	BG	TSN	DOLE	AGRO	LMNR	ALCO	ADM	FDP

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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

ADM	+ 0.94	BG
DOLE	+ 0.87	TSN
AGRO	+ 0.83	TSN
FDP	+ 0.78	LMNR
AGRO	+ 0.67	DOLE
FDP	+ 0.66	BG

High negative correlations

FDP	- 0.67	ALCO
ALCO	- 0.43	LMNR
LMNR	- 0.4	AGRO
FDP	- 0.39	AGRO
ALCO	- 0.33	DOLE
LMNR	- 0.33	TSN

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	1.21	(0.15)	0.00	(0.72)	0.00	0.00	1.92	(2.49)	11.84
TSN	1.01	0.01	0.05	(0.04)	1.23	(1.07)	2.25	(2.15)	5.57
DOLE	1.17	(0.03)	0.00	0.60	0.00	0.00	2.02	(2.81)	7.49
AGRO	1.16	(0.01)	0.05	0.02	1.40	(1.29)	1.61	(2.18)	14.34
LMNR	1.69	(0.70)	0.00	0.59	0.00	0.00	2.61	(4.40)	16.69
ALCO	1.66	0.17	0.16	(1.25)	1.45	(2.28)	3.50	(2.67)	23.20
ADM	1.35	(0.17)	0.00	1.07	0.00	0.00	2.87	(3.21)	8.83
FDP	0.96	(0.18)	0.00	0.79	0.00	0.00	1.43	(2.28)	5.70

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

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