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 197.00 as of the 4th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 197.0. 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
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
0.00
If you would invest 0.00 in Hormel Foods on November 5, 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 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
Hormel Foods appears to be very steady, given 3 months investment horizon. Hormel Foods holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Hormel Foods, which you can use to evaluate the volatility of the firm. Please utilize Hormel Foods' Standard Deviation of 0.9505, risk adjusted performance of 0.219, and Market Risk Adjusted Performance of (1.18) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hormel Foods holds a performance score of 21. The company retains a Market Volatility (i.e., Beta) of -0.2, 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. Please check Hormel Foods' potential upside, kurtosis, and the relationship between the value at risk and skewness , to make a quick decision on whether Hormel Foods' current trending patterns will revert.
Auto-correlation
-0.05
Very weak reverse predictability
Hormel Foods has very weak reverse predictability. Overlapping area represents the amount of predictability between Hormel Foods time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 -0.05 indicates that only as little as 5.0% of current Hormel Foods price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.05
Spearman Rank Test
0.03
Residual Average
0.0
Price Variance
3.56
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.