GTN vs. CALM
GTN (Gray Television, Inc.) and CALM (Cal-Maine Foods, Inc.) are both stocks. GTN operates in Broadcasting (Communication Services), while CALM operates in Farm Products (Consumer Defensive). Over the past 10 years, GTN returned -8.08%/yr vs 9.47%/yr for CALM. At a 0.19 correlation, their price movements are largely independent.
Performance
GTN vs. CALM - Performance Comparison
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Returns By Period
In the year-to-date period, GTN achieves a -23.22% return, which is significantly lower than CALM's -0.36% return. Over the past 10 years, GTN has underperformed CALM with an annualized return of -8.08%, while CALM has yielded a comparatively higher 9.47% annualized return.
GTN
- 1D
- -9.37%
- 1M
- -10.21%
- YTD
- -23.22%
- 6M
- -24.47%
- 1Y
- -15.38%
- 3Y*
- -16.23%
- 5Y*
- -28.19%
- 10Y*
- -8.08%
CALM
- 1D
- -0.99%
- 1M
- 2.95%
- YTD
- -0.36%
- 6M
- -4.29%
- 1Y
- -17.12%
- 3Y*
- 26.51%
- 5Y*
- 22.19%
- 10Y*
- 9.47%
GTN vs. CALM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTN Gray Television, Inc. | -23.22% | 64.58% | -62.40% | -16.72% | -43.43% | 14.39% | -16.56% | 45.45% | -12.00% | 54.38% |
CALM Cal-Maine Foods, Inc. | -0.36% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
Correlation
The correlation between GTN and CALM is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2002 | 0.19 |
The correlation between GTN and CALM shifts across timeframes, from 0.07 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GTN:
$347.26M
CALM:
$3.71B
GTN:
-$0.79
CALM:
$14.48
GTN:
0.11
CALM:
1.08
GTN:
0.24
CALM:
1.37
GTN:
$3.08B
CALM:
$3.46B
GTN:
$3.54B
CALM:
$1.17B
GTN:
$899.00M
CALM:
$1.05B
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Return for Risk
GTN vs. CALM — Risk / Return Rank
GTN
CALM
GTN vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gray Television, Inc. (GTN) and Cal-Maine Foods, Inc. (CALM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GTN | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.93 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | -0.46 | +0.09 |
| Martin ratioReturn relative to average drawdown | -0.73 | -0.70 | -0.03 |
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Drawdowns
GTN vs. CALM - Drawdown Comparison
The maximum GTN drawdown since its inception was -98.61%, which is greater than CALM's maximum drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for GTN and CALM.
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Drawdown Indicators
| GTN | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.61% | -74.08% | -24.53% |
Max Drawdown (1Y)Largest decline over 1 year | -41.06% | -37.00% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -69.13% | -37.00% | -32.13% |
Max Drawdown (5Y)Largest decline over 5 years | -86.60% | -37.00% | -49.60% |
Max Drawdown (10Y)Largest decline over 10 years | -86.60% | -39.12% | -47.48% |
Current DrawdownCurrent decline from peak | -82.04% | -31.05% | -50.99% |
Average DrawdownAverage peak-to-trough decline | -44.92% | -30.31% | -14.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.04% | 24.57% | -3.53% |
Volatility
GTN vs. CALM - Volatility Comparison
Gray Television, Inc. (GTN) has a higher volatility of 14.78% compared to Cal-Maine Foods, Inc. (CALM) at 7.81%. This indicates that GTN's price experiences larger fluctuations and is considered to be riskier than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTN | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.78% | 7.81% | +6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 47.42% | 20.65% | +26.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.59% | 33.06% | +31.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.25% | 32.70% | +27.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.26% | 31.18% | +24.08% |
Dividends
GTN vs. CALM - Dividend Comparison
GTN's dividend yield for the trailing twelve months is around 8.94%, more than CALM's 6.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.14% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
GTN Gray Television, Inc. | 8.94% | 6.61% | 10.16% | 3.57% | 2.86% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GTN vs. CALM - Financials Comparison
This section allows you to compare key financial metrics between Gray Television, Inc. and Cal-Maine Foods, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GTN vs. CALM - Profitability Comparison
GTN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gray Television, Inc. reported a gross profit of 736.00M and revenue of 768.00M. Therefore, the gross margin over that period was 95.8%.
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
GTN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gray Television, Inc. reported an operating income of 81.00M and revenue of 768.00M, resulting in an operating margin of 10.6%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
GTN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gray Television, Inc. reported a net income of -340.00K and revenue of 768.00M, resulting in a net margin of -0.0%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
Frequently Asked Questions
GTN and CALM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTN has higher volatility (14.78%) compared to CALM (7.81%). In terms of maximum drawdown, GTN dropped -98.61% vs CALM's -74.08%.
GTN currently has the higher Sharpe Ratio (-0.24 vs -0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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