Hormel Foods (Germany) Market Value
| HO7 Stock | EUR 31.28 0.48 1.56% |
| 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.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Hormel Foods on October 13, 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 60 days. Hormel Foods is related to or competes with Microchip Technology, Computer, SMA Solar, SCOTT TECHNOLOGY, and DXC Technology. Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally More
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.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.26 |
Hormel Foods Market Risk Indicators
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.| Risk Adjusted Performance | 0.0686 | |||
| Jensen Alpha | 0.0613 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2637 |
Hormel Foods Backtested Returns
At this point, Hormel Foods is very steady. Hormel Foods holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% 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 0.0686, downside deviation of 1.35, and Market Risk Adjusted Performance of 0.2737 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Hormel Foods has a performance score of 10 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hormel Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hormel Foods is expected to be smaller as well. Hormel Foods right now retains a risk of 1.31%. 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 | -0.32 |
Poor reverse predictability
Hormel Foods has poor reverse predictability. Overlapping area represents the amount of predictability between Hormel Foods time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th of December 2024. 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 -0.32 indicates that nearly 32.0% of current Hormel Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Hormel Stock
When determining whether Hormel Foods is a strong investment it is important to analyze Hormel Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hormel Foods' future performance. For an informed investment choice regarding Hormel Stock, refer to the following important reports:Check out Hormel Foods Correlation, Hormel Foods Volatility and Hormel Foods Alpha and Beta module to complement your research on Hormel Foods. For more detail on how to invest in Hormel Stock please use our How to Invest in Hormel Foods guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Hormel Foods technical stock 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.