Mccormick Etf Market Value

MKC -  USA Etf  

USD 87.84  2.34  2.74%

Mccormick's market value is the price at which a share of Mccormick stock trades on a public exchange. It measures the collective expectations of Mccormick investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Mccormick and determine expected loss or profit from investing in Mccormick over a given investment horizon. Additionally, see Mccormick Hype Analysis, Mccormick Correlation, Portfolio Optimization, Mccormick Volatility, as well as analyze Mccormick Alpha and Beta and Mccormick Performance.
Symbol
Backtest

The market value of Mccormick 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's value that differs from its market value or its book value, called intrinsic value, which is Mccormick'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's market value can be influenced by many factors that don't directly affect Mccormick'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's value and its price as these two are different measures arrived at by different means. Investors typically determine Mccormick value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mccormick'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 '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'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.
0.00
05/27/2022
No Change 0.00  0.0 
In 31 days
06/26/2022
0.00
If you would invest  0.00  in Mccormick on May 27, 2022 and sell it all today you would earn a total of 0.00 from holding Mccormick or generate 0.0% return on investment in Mccormick over 30 days. Mccormick is related to or competes with Georgia Power, SP 500, 20 Year, North American, and Boeing. McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other fl...More

Mccormick 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'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 upside and downside potential and time the market with a certain degree of confidence.

Mccormick Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mccormick's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mccormick's standard deviation. In reality, there are many statistical measures that can use Mccormick historical prices to predict the future Mccormick's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Mccormick'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. Please use the tools below to analyze the current value of Mccormick in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
86.1888.0689.94
Details
Intrinsic
Valuation
LowReal ValueHigh
79.3781.2596.62
Details
Naive
Forecast
LowNext ValueHigh
86.2388.1189.99
Details
7 Analysts
Consensus
LowTarget PriceHigh
77.0085.2095.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mccormick. Your research has to be compared to or analyzed against Mccormick's peers to derive any actionable benefits. When done correctly, Mccormick's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Mccormick.

Mccormick Backtested Returns

Mccormick has Sharpe Ratio of -0.0767, which conveys that the entity had -0.0767% of return per unit of risk over the last 3 months. Macroaxis standpoint towards estimating the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Mccormick exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Mccormick risk adjusted performance of (0.09), and Mean Deviation of 1.23 to check out the risk estimate we provide.
The etf secures a Beta (Market Risk) of 0.7514, which conveys possible diversification benefits within a given portfolio. Let's try to break down what Mccormick's beta means in this case. As returns on the market increase, Mccormick returns are expected to increase less than the market. However, during the bear market, the loss on holding Mccormick will be expected to be smaller as well. Even though it is essential to pay attention to Mccormick price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Mccormick exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.41  

Modest reverse predictability

Mccormick has modest reverse predictability. Overlapping area represents the amount of predictability between Mccormick time series from 27th of May 2022 to 11th of June 2022 and 11th of June 2022 to 26th of June 2022. 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 price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Mccormick price fluctuation can be explain by its past prices.
Correlation Coefficient-0.41
Spearman Rank Test-0.43
Residual Average0.0
Price Variance3.7

Mccormick lagged returns against current returns

Autocorrelation, which is Mccormick 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's etf expected returns. We can calculate the autocorrelation of Mccormick returns to help us make a trade decision. For example, suppose you find that Mccormick etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

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

Mccormick Lagged Returns

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

Mccormick Investors Sentiment

The influence of Mccormick's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Mccormick. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mccormick in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mccormick's short interest history, or implied volatility extrapolated from Mccormick options trading.

Current Sentiment - MKC

Mccormick Investor Sentiment

Greater number of Macroaxis users are now bullish on Mccormick. What is your trading attitude regarding investing in Mccormick? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Mccormick using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see Mccormick Hype Analysis, Mccormick Correlation, Portfolio Optimization, Mccormick Volatility, as well as analyze Mccormick Alpha and Beta and Mccormick Performance. Note that the Mccormick information on this page should be used as a complementary analysis to other Mccormick's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Mccormick Etf analysis

When running Mccormick price analysis, check to measure Mccormick'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 is operating at the current time. Most of Mccormick's value examination focuses on studying past and present price action to predict the probability of Mccormick's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mccormick's price. Additionally, you may evaluate how the addition of Mccormick to your portfolios can decrease your overall portfolio volatility.
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Mccormick 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, stock market cycles, or different charting patterns.
A focus of Mccormick technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mccormick 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...