Hormel Foods Correlations

HRL Stock

USD 30.67 0.17 0.56%

The current 90-days correlation between Hormel Foods and Bellring Brands LLC is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hormel Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hormel Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hormel Foods Correlation With Market

Significant diversification

The correlation between Hormel Foods and DJI is 0.01 (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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hormel Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.

Moving together with Hormel Stock

0.79	CAG	ConAgra Foods	Pair Corr
0.86	CPB	Campbell Soup	Pair Corr
0.77	FLO	Flowers Foods	Pair Corr
0.74	GIS	General Mills	Pair Corr
0.83	RGF	Real Good Food	Pair Corr
0.71	SJM	JM Smucker	Pair Corr
0.77	THS	Treehouse Foods	Pair Corr
0.68	JBSS	John B Sanfilippo	Pair Corr
0.74	NOMD	Nomad Foods	Pair Corr
0.76	POST	Post Holdings	Pair Corr
0.61	BG	Bunge Limited	Pair Corr
0.77	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Hormel Stock

0.77	TPB	Turning Point Brands	Pair Corr
0.7	SMPL	Simply Good Foods Sell-off Trend	Pair Corr
0.67	SENEA	Seneca Foods Corp	Pair Corr
0.65	BJ	BJs Wholesale Club	Pair Corr
0.64	PPC	Pilgrims Pride Corp	Pair Corr
0.55	FTFT	Future Fintech Group	Pair Corr
0.54	LANC	Lancaster Colony	Pair Corr
0.52	INGR	Ingredion Incorporated	Pair Corr
0.43	K	Kellanova	Pair Corr
0.43	PM	Philip Morris Intern	Pair Corr
0.69	KR	Kroger Company Earnings Call This Week	Pair Corr
0.69	LW	Lamb Weston Holdings	Pair Corr
0.65	JZ	Jianzhi Education	Pair Corr
0.47	EEIQ	Elite Education Group	Pair Corr
0.43	MO	Altria Group	Pair Corr
0.39	VINE	Fresh Grapes LLC	Pair Corr
0.35	BRLSW	Borealis Foods Symbol Change	Pair Corr

Related Correlations Analysis

	BRBR	INGR	NOMD	POST	SMPL
BRBR		0.71	-0.78	-0.73	0.85	BRBR
INGR	0.71		-0.52	-0.56	0.73	INGR
NOMD	-0.78	-0.52		0.79	-0.48	NOMD
POST	-0.73	-0.56	0.79		-0.54	POST
SMPL	0.85	0.73	-0.48	-0.54		SMPL
	BRBR	INGR	NOMD	POST	SMPL

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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

SMPL	+ 0.85	BRBR
POST	+ 0.79	NOMD
SMPL	+ 0.73	INGR
INGR	+ 0.71	BRBR

High negative correlations

NOMD	- 0.78	BRBR
POST	- 0.73	BRBR
POST	- 0.56	INGR
SMPL	- 0.54	POST
NOMD	- 0.52	INGR
SMPL	- 0.48	NOMD

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
BRBR	0.87	0.49	0.45	1.41	0.11	(1.15)	2.61	(0.91)	4.71
INGR	0.88	0.13	0.05	0.48	1.07	(1.08)	1.46	(1.31)	21.14
NOMD	1.15	(0.04)	0.00	(0.10)	0.00	0.00	2.03	(2.59)	6.49
POST	0.74	(0.03)	(0.12)	0.01	0.90	(0.76)	1.73	(1.54)	3.27
SMPL	1.14	0.24	0.14	0.54	1.03	(1.26)	2.91	(1.69)	5.79

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