Hormel Foods Correlations

HO7 Stock

EUR 31.28 0.48 1.56%

The current 90-days correlation between Hormel Foods and Shenandoah Telecommunications is -0.17 (i.e., Good diversification). The correlation of Hormel Foods is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Hormel Foods Correlation With Market

Significant diversification

The correlation between Hormel Foods and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hormel Foods and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Hormel Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hormel Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hormel Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hormel Foods to buy it.

Moving together with Hormel Stock

0.67	KEL	Kellogg Company	Pair Corr
0.66	E908	Lyxor 1	Pair Corr

Moving against Hormel Stock

0.64	03F	IDP EDUCATION LTD	Pair Corr
0.55	NESM	Nestlé SA	Pair Corr
0.51	DBPD	Xtrackers ShortDAX	Pair Corr
0.42	C4X	Onxeo SA	Pair Corr
0.39	4Y7	PLATO GOLD P	Pair Corr

Related Correlations Analysis

	SH9	6IC	NU42	B7O	CMW	FCW3	K9R	OGM1
SH9		-0.25	-0.22	-0.52	-0.35	-0.07	0.2	-0.33	SH9
6IC	-0.25		0.57	0.7	0.71	0.04	-0.54	0.67	6IC
NU42	-0.22	0.57		0.64	0.5	0.15	-0.69	0.84	NU42
B7O	-0.52	0.7	0.64		0.76	0.1	-0.64	0.73	B7O
CMW	-0.35	0.71	0.5	0.76		-0.17	-0.7	0.75	CMW
FCW3	-0.07	0.04	0.15	0.1	-0.17		0.34	-0.04	FCW3
K9R	0.2	-0.54	-0.69	-0.64	-0.7	0.34		-0.74	K9R
OGM1	-0.33	0.67	0.84	0.73	0.75	-0.04	-0.74		OGM1
	SH9	6IC	NU42	B7O	CMW	FCW3	K9R	OGM1

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OGM1	+ 0.84	NU42
CMW	+ 0.76	B7O
OGM1	+ 0.75	CMW
OGM1	+ 0.73	B7O
CMW	+ 0.71	6IC
B7O	+ 0.7	6IC

High negative correlations

OGM1	- 0.74	K9R
K9R	- 0.7	CMW
K9R	- 0.69	NU42
K9R	- 0.64	B7O
K9R	- 0.54	6IC
B7O	- 0.52	SH9

Risk-Adjusted Indicators

There is a big difference between Hormel Stock performing well and Hormel Foods Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hormel Foods' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SH9	2.83	(0.15)	0.00	0.05	4.11	(3.05)	6.45	(4.77)	31.86
6IC	2.25	0.19	0.06	0.29	2.70	(2.32)	4.40	(4.50)	22.12
NU42	2.13	0.43	0.22	0.53	1.51	(2.99)	5.75	(2.79)	10.99
B7O	1.36	0.20	0.02	(3.91)	1.61	(4.28)	4.00	(3.70)	14.84
CMW	1.70	0.33	0.08	(1.59)	1.50	(2.76)	4.00	(2.08)	12.15
FCW3	1.97	0.13	0.02	0.51	2.07	(2.27)	4.17	(3.68)	15.02
K9R	0.84	(0.17)	0.00	(0.27)	0.00	0.00	1.14	(1.71)	8.90
OGM1	1.61	0.13	0.04	0.35	1.60	(2.09)	3.60	(2.65)	10.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hormel Foods without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Hormel Foods Corporate Management

Elected by the shareholders, the Hormel Foods' board of directors comprises two types of representatives: Hormel Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hormel. The board's role is to monitor Hormel Foods' management team and ensure that shareholders' interests are well served. Hormel Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hormel Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.

Deanna Brady	Ex Retail	Profile
James Snee	Pres Chairman	Profile
Jacinth Smiley	Ex CFO	Profile
Janet Hogan	VP HR	Profile
Katherine Larson	VP HR	Profile
Lori Marco	Sr Counsel	Profile
David Dahlstrom	Director Relations	Profile

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