Mccormick Company Incorporated Etf Market Value

MKC Etf  USD 76.81  0.78  1.03%   
McCormick Company's market value is the price at which a share of McCormick Company trades on a public exchange. It measures the collective expectations of McCormick Company Incorporated investors about its performance. McCormick Company is trading at 76.81 as of the 28th of March 2024, a 1.03 percent up since the beginning of the trading day. The etf's open price was 76.03.
With this module, you can estimate the performance of a buy and hold strategy of McCormick Company Incorporated and determine expected loss or profit from investing in McCormick Company over a given investment horizon. Check out McCormick Company Correlation, McCormick Company Volatility and McCormick Company Alpha and Beta module to complement your research on McCormick Company.
Symbol

The market value of McCormick rporated is measured differently than its book value, which is the value of McCormick that is recorded on the company's balance sheet. Investors also form their own opinion of McCormick Company's value that differs from its market value or its book value, called intrinsic value, which is McCormick Company's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McCormick Company's market value can be influenced by many factors that don't directly affect McCormick Company's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between McCormick Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if McCormick Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McCormick Company's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

McCormick Company '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 McCormick Company's etf 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 McCormick Company.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in McCormick Company on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding McCormick Company Incorporated or generate 0.0% return on investment in McCormick Company over 30 days. McCormick Company is related to or competes with Kellanova, Bunge, Mondelez International, Lamb Weston, Altria, Philip Morris, and Tootsie Roll. McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other fl... More

McCormick Company 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 McCormick Company's etf 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 McCormick Company Incorporated upside and downside potential and time the market with a certain degree of confidence.

McCormick Company Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for McCormick Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McCormick Company's standard deviation. In reality, there are many statistical measures that can use McCormick Company historical prices to predict the future McCormick Company's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of McCormick Company's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
73.9875.9177.84
Details
Intrinsic
Valuation
LowRealHigh
74.2176.1478.07
Details
Naive
Forecast
LowNextHigh
75.5877.5179.44
Details
18 Analysts
Consensus
LowTargetHigh
70.9878.0086.58
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as McCormick Company. Your research has to be compared to or analyzed against McCormick Company's peers to derive any actionable benefits. When done correctly, McCormick Company's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in McCormick rporated.

McCormick rporated Backtested Returns

McCormick Company appears to be very steady, given 3 months investment horizon. McCormick rporated retains Efficiency (Sharpe Ratio) of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for McCormick Company, which you can use to evaluate the volatility of the etf. Please exercise McCormick Company's Market Risk Adjusted Performance of 0.7053, mean deviation of 1.18, and Semi Deviation of 1.05 to check out if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.27, which conveys not very significant fluctuations relative to the market. 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.

Auto-correlation

    
  0.69  

Good predictability

McCormick Company Incorporated has good predictability. Overlapping area represents the amount of predictability between McCormick Company time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 McCormick rporated price movement. The serial correlation of 0.69 indicates that around 69.0% of current McCormick Company price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.62
Residual Average0.0
Price Variance11.79

McCormick rporated lagged returns against current returns

Autocorrelation, which is McCormick Company etf'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 McCormick Company's etf expected returns. We can calculate the autocorrelation of McCormick Company returns to help us make a trade decision. For example, suppose you find that McCormick Company has exhibited high autocorrelation historically, and you observe that the etf 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  

McCormick Company 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 McCormick Company etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McCormick Company etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McCormick Company etf over time.
   Current vs Lagged Prices   
       Timeline  

McCormick Company Lagged Returns

When evaluating McCormick Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McCormick Company etf have on its future price. McCormick Company 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, McCormick Company autocorrelation shows the relationship between McCormick Company etf current value and its past values and can show if there is a momentum factor associated with investing in McCormick Company Incorporated.
   Regressed Prices   
       Timeline  

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Check out McCormick Company Correlation, McCormick Company Volatility and McCormick Company Alpha and Beta module to complement your research on McCormick Company.
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When running McCormick Company's price analysis, check to measure McCormick Company's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy McCormick Company is operating at the current time. Most of McCormick Company's value examination focuses on studying past and present price action to predict the probability of McCormick Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McCormick Company's price. Additionally, you may evaluate how the addition of McCormick Company to your portfolios can decrease your overall portfolio volatility.
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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...