Mccormick Company Incorporated Etf Probability of Future Etf Price Finishing Under 76.40
| MKC Etf | USD 78.86 0.62 0.79% |
McCormick |
McCormick Company Target Price Odds to finish below 76.40
The tendency of McCormick Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 76.40 or more in 90 days |
| 78.86 | 90 days | 76.40 | about 10.63 |
Based on a normal probability distribution, the odds of McCormick Company to drop to $ 76.40 or more in 90 days from now is about 10.63 (This McCormick Company Incorporated probability density function shows the probability of McCormick Etf to fall within a particular range of prices over 90 days) . Probability of McCormick Company price to stay between $ 76.40 and its current price of $78.86 at the end of the 90-day period is about 33.68 .
Considering the 90-day investment horizon McCormick Company has a beta of 0.013. This indicates as returns on the market go up, McCormick Company average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding McCormick Company Incorporated will be expected to be much smaller as well. Additionally McCormick Company Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. McCormick Company Price Density |
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Predictive Modules for McCormick Company
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as McCormick Company. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.McCormick Company Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. McCormick Company is not an exception. The market had few large corrections towards the McCormick Company's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold McCormick Company Incorporated, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of McCormick Company within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 2.24 | |
Ir | Information ratio | -0.09 |
McCormick Company Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of McCormick Company for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for McCormick Company can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| McCormick Company generated a negative expected return over the last 90 days | |
| McCormick Company Incorporated has 4.59 B in debt with debt to equity (D/E) ratio of 1.17, which is OK given its current industry classification. McCormick Company has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist McCormick Company until it has trouble settling it off, either with new capital or with free cash flow. So, McCormick Company's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like McCormick Company sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for McCormick to invest in growth at high rates of return. When we think about McCormick Company's use of debt, we should always consider it together with cash and equity. | |
| Over 88.0% of McCormick Company shares are owned by institutional investors | |
| Latest headline from bizjournals.com: 8 things to know McCormick reportedly in talks to buy condiment brand | |
| The fund maintains all of the assets in different exotic instruments |
McCormick Company Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of McCormick Etf often depends not only on the future outlook of the current and potential McCormick Company's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. McCormick Company's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 269.8 M | |
| Cash And Short Term Investments | 166.6 M |
McCormick Company Technical Analysis
McCormick Company's future price can be derived by breaking down and analyzing its technical indicators over time. McCormick Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of McCormick Company Incorporated. In general, you should focus on analyzing McCormick Etf price patterns and their correlations with different microeconomic environments and drivers.
McCormick Company Predictive Forecast Models
McCormick Company's time-series forecasting models is one of many McCormick Company's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary McCormick Company's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about McCormick Company
Checking the ongoing alerts about McCormick Company for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for McCormick Company help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| McCormick Company generated a negative expected return over the last 90 days | |
| McCormick Company Incorporated has 4.59 B in debt with debt to equity (D/E) ratio of 1.17, which is OK given its current industry classification. McCormick Company has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist McCormick Company until it has trouble settling it off, either with new capital or with free cash flow. So, McCormick Company's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like McCormick Company sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for McCormick to invest in growth at high rates of return. When we think about McCormick Company's use of debt, we should always consider it together with cash and equity. | |
| Over 88.0% of McCormick Company shares are owned by institutional investors | |
| Latest headline from bizjournals.com: 8 things to know McCormick reportedly in talks to buy condiment brand | |
| The fund maintains all of the assets in different exotic instruments |
Other Information on Investing in McCormick Etf
McCormick Company financial ratios help investors to determine whether McCormick Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in McCormick with respect to the benefits of owning McCormick Company security.