Mccormick Company Incorporated Etf Alpha and Beta Analysis

MKC Etf  USD 76.03  1.27  1.64%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as McCormick Company Incorporated. It also helps investors analyze the systematic and unsystematic risks associated with investing in McCormick Company over a specified time horizon. Remember, high McCormick Company's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to McCormick Company's market risk premium analysis include:
Beta
0.27
Alpha
0.15
Risk
1.93
Sharpe Ratio
0.0989
Expected Return
0.19
Please note that although McCormick Company alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, McCormick Company did 0.15  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of McCormick Company Incorporated etf's relative risk over its benchmark. McCormick rporated has a beta of 0.27  . As returns on the market increase, McCormick Company's returns are expected to increase less than the market. However, during the bear market, the loss of holding McCormick Company is expected to be smaller as well. .

McCormick Company Quarterly Cash And Equivalents

154.7 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out McCormick Company Backtesting, Portfolio Optimization, McCormick Company Correlation, McCormick Company Hype Analysis, McCormick Company Volatility, McCormick Company History and analyze McCormick Company Performance.

McCormick Company Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. McCormick Company market risk premium is the additional return an investor will receive from holding McCormick Company long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in McCormick Company. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate McCormick Company's performance over market.
α0.15   β0.27

McCormick Company expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of McCormick Company's Buy-and-hold return. Our buy-and-hold chart shows how McCormick Company performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

McCormick Company Market Price Analysis

Market price analysis indicators help investors to evaluate how McCormick Company etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading McCormick Company shares will generate the highest return on investment. By understating and applying McCormick Company etf market price indicators, traders can identify McCormick Company position entry and exit signals to maximize returns.

McCormick Company Return and Market Media

The median price of McCormick Company for the period between Fri, Dec 29, 2023 and Thu, Mar 28, 2024 is 67.88 with a coefficient of variation of 3.16. The daily time series for the period is distributed with a sample standard deviation of 2.14, arithmetic mean of 67.81, and mean deviation of 1.4. The Etf received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
 
McCormick Company dividend paid on 8th of January 2024
01/08/2024
1
McCormick Company to Present at Consumer Analyst Group of New York Conference
02/06/2024
2
Disposition of 7413 shares by Brendan Foley of McCormick Company at 64.995 subject to Rule 16b-3
02/15/2024
3
Acquisition by Sarah Piper of tradable shares of McCormick Company subject to Rule 16b-3
02/27/2024
4
McCormick Company Inc at Consumer Analyst Group of New York Virtual Conference ...
03/05/2024
5
Seven Eight Capital LP Acquires New Shares in McCormick Company, Incorporated
03/06/2024
6
Adage Capital Partners GP L.L.C. Sells 300 Shares of McCormick Company, Incorporated
03/08/2024
7
Fidelity D D Bancorp Inc. Purchases Shares of 3,116 McCormick Company, Incorporated
03/12/2024
8
An Intrinsic Calculation For McCormick Company, Incorporated Suggests Its 24 percent Undervalued
03/14/2024
9
Disposition of 155 shares by Ana Sanchez of McCormick Company subject to Rule 16b-3
03/15/2024
10
Sunbelt Securities Inc. Has 53000 Stock Holdings in McCormick Company, Incorporated - Defense World
03/18/2024
11
Franks RedHot Dip Dive Report Uncovers College Basketball Fans Fiery Food Obsessions
03/21/2024
12
McCormick Q1 2024 Earnings Preview
03/25/2024
13
McCormick declares 0.42 dividend
03/27/2024

About McCormick Company Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including McCormick or other etfs. Alpha measures the amount that position in McCormick rporated has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

McCormick Company Upcoming Company Events

As portrayed in its financial statements, the presentation of McCormick Company's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, McCormick Company's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of McCormick Company's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of McCormick Company. Please utilize our Beneish M Score to check the likelihood of McCormick Company's management manipulating its earnings.
26th of March 2024
Upcoming Quarterly Report
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4th of July 2024
Next Financial Report
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29th of February 2024
Next Fiscal Quarter End
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23rd of January 2025
Next Fiscal Year End
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30th of November 2023
Last Quarter Report
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30th of November 2023
Last Financial Announcement
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McCormick Company technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of McCormick Company technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of McCormick Company trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...