Hormel Foods' market value is the price at which a share of Hormel Foods trades on a public exchange. It measures the collective expectations of Hormel Foods investors about its performance. Hormel Foods is trading at 180.72 as of the 23rd of January 2025, a 0.59% down since the beginning of the trading day. The stock's open price was 181.79. With this module, you can estimate the performance of a buy and hold strategy of Hormel Foods and determine expected loss or profit from investing in Hormel Foods over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Hormel
Hormel Foods '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 Hormel Foods' stock 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 Hormel Foods.
0.00
07/27/2024
No Change 0.00
0.0
In 5 months and 30 days
01/23/2025
0.00
If you would invest 0.00 in Hormel Foods on July 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hormel Foods or generate 0.0% return on investment in Hormel Foods over 180 days.
Hormel Foods 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 Hormel Foods' stock 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 Hormel Foods upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hormel Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hormel Foods' standard deviation. In reality, there are many statistical measures that can use Hormel Foods historical prices to predict the future Hormel Foods' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hormel Foods. Your research has to be compared to or analyzed against Hormel Foods' peers to derive any actionable benefits. When done correctly, Hormel Foods' 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 Hormel Foods.
Hormel Foods Backtested Returns
At this point, Hormel Foods is very steady. Hormel Foods holds Efficiency (Sharpe) Ratio of 0.034, which attests that the entity had a 0.034 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hormel Foods, which you can use to evaluate the volatility of the firm. Please check out Hormel Foods' Risk Adjusted Performance of 0.0748, downside deviation of 2.07, and Market Risk Adjusted Performance of (0.75) to validate if the risk estimate we provide is consistent with the expected return of 0.0402%. Hormel Foods has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hormel Foods are expected to decrease at a much lower rate. During the bear market, Hormel Foods is likely to outperform the market. Hormel Foods right now retains a risk of 1.18%. Please check out Hormel Foods total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Hormel Foods will be following its current trending patterns.
Auto-correlation
-0.16
Insignificant reverse predictability
Hormel Foods has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hormel Foods time series from 27th of July 2024 to 25th of October 2024 and 25th of October 2024 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hormel Foods price movement. The serial correlation of -0.16 indicates that over 16.0% of current Hormel Foods price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.16
Spearman Rank Test
-0.32
Residual Average
0.0
Price Variance
76.56
Hormel Foods lagged returns against current returns
Autocorrelation, which is Hormel Foods stock'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 Hormel Foods' stock expected returns. We can calculate the autocorrelation of Hormel Foods returns to help us make a trade decision. For example, suppose you find that Hormel Foods 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 price movement to match the lagging time series.
Current and Lagged Values
Timeline
Hormel Foods 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 Hormel Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hormel Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hormel Foods stock over time.
Current vs Lagged Prices
Timeline
Hormel Foods Lagged Returns
When evaluating Hormel Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hormel Foods stock have on its future price. Hormel Foods 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, Hormel Foods autocorrelation shows the relationship between Hormel Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Hormel Foods.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.