Hormel Foods Stock Market Value
| HRL Stock | USD 32.43 0.51 1.60% |
| Symbol | Hormel |
Hormel Foods Price To Book Ratio
Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hormel Foods. If investors know Hormel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hormel Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.075 | Dividend Share 1.123 | Earnings Share 1.43 | Revenue Per Share 21.882 | Quarterly Revenue Growth (0.02) |
The market value of Hormel Foods is measured differently than its book value, which is the value of Hormel that is recorded on the company's balance sheet. Investors also form their own opinion of Hormel Foods' value that differs from its market value or its book value, called intrinsic value, which is Hormel Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hormel Foods' market value can be influenced by many factors that don't directly affect Hormel Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hormel Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hormel Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hormel Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hormel Foods on June 3, 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 is related to or competes with Campbell Soup, General Mills, Kellanova, Lamb Weston, JM Smucker, ConAgra Foods, and Kraft Heinz. Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservi... 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 | 1.71 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.83 |
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 | 0.0184 | |||
| Jensen Alpha | 0.0034 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1626 |
Hormel Foods Backtested Returns
Hormel Foods holds Efficiency (Sharpe) Ratio of -0.0064, which attests that the entity had a -0.0064% return per unit of risk over the last 3 months. Hormel Foods exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hormel Foods' Market Risk Adjusted Performance of 0.1726, risk adjusted performance of 0.0184, and Downside Deviation of 1.71 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0981, which attests to not very significant fluctuations relative to the market. 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. At this point, Hormel Foods has a negative expected return of -0.0094%. Please make sure to check out Hormel Foods' value at risk, as well as the relationship between the skewness and day median price , to decide if Hormel Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Hormel Foods has modest reverse predictability. Overlapping area represents the amount of predictability between Hormel Foods time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 -0.43 indicates that just about 43.0% of current Hormel Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
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 |
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Try AI Portfolio ArchitectCheck out Hormel Foods Correlation, Hormel Foods Volatility and Hormel Foods Alpha and Beta module to complement your research on Hormel Foods. For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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.