CONAGRA BRANDS INC Market Value
| 205887CE0 | 96.40 0.01 0.01% |
| Symbol | CONAGRA |
CONAGRA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CONAGRA's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CONAGRA.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in CONAGRA on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding CONAGRA BRANDS INC or generate 0.0% return on investment in CONAGRA over 180 days. CONAGRA is related to or competes with Saia, Verra Mobility, Apogee Enterprises, JD Sports, Stepan, Playtika Holding, and Evolution Gaming. More
CONAGRA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CONAGRA's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CONAGRA BRANDS INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.84 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.25 |
CONAGRA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONAGRA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONAGRA's standard deviation. In reality, there are many statistical measures that can use CONAGRA historical prices to predict the future CONAGRA's volatility.| Risk Adjusted Performance | 0.0124 | |||
| Jensen Alpha | 0.0454 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.03) |
CONAGRA BRANDS INC Backtested Returns
CONAGRA BRANDS INC secures Sharpe Ratio (or Efficiency) of -0.0483, which signifies that the bond had a -0.0483% return per unit of risk over the last 3 months. CONAGRA BRANDS INC exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CONAGRA's risk adjusted performance of 0.0124, and Mean Deviation of 1.1 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CONAGRA are expected to decrease at a much lower rate. During the bear market, CONAGRA is likely to outperform the market.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
CONAGRA BRANDS INC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CONAGRA time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CONAGRA BRANDS INC price movement. The serial correlation of -0.76 indicates that around 76.0% of current CONAGRA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 4.64 |
CONAGRA BRANDS INC lagged returns against current returns
Autocorrelation, which is CONAGRA bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CONAGRA's bond expected returns. We can calculate the autocorrelation of CONAGRA returns to help us make a trade decision. For example, suppose you find that CONAGRA has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CONAGRA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CONAGRA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONAGRA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONAGRA bond over time.
Current vs Lagged Prices |
| Timeline |
CONAGRA Lagged Returns
When evaluating CONAGRA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONAGRA bond have on its future price. CONAGRA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CONAGRA autocorrelation shows the relationship between CONAGRA bond current value and its past values and can show if there is a momentum factor associated with investing in CONAGRA BRANDS INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in CONAGRA Bond
CONAGRA financial ratios help investors to determine whether CONAGRA Bond 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 CONAGRA with respect to the benefits of owning CONAGRA security.