Hormel Foods Correlations
| HRL Stock | USD 25.66 0.42 1.66% |
The current 90-days correlation between Hormel Foods and Campbells Co is -0.16 (i.e., Good 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
Good diversification
The correlation between Hormel Foods and DJI is -0.17 (i.e., Good 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.
Moving together with Hormel Stock
| 0.81 | EDBL | Edible Garden AG | PairCorr |
| 0.61 | FAMI | Farmmi Inc | PairCorr |
| 0.82 | FRPT | Freshpet | PairCorr |
| 0.62 | FLO | Flowers Foods | PairCorr |
| 0.63 | GIS | General Mills | PairCorr |
| 0.67 | MKC | McCormick Company | PairCorr |
Moving against Hormel Stock
| 0.76 | TR | Tootsie Roll Industries | PairCorr |
| 0.73 | ADM | Archer Daniels Midland | PairCorr |
| 0.7 | FARM | Farmer Bros | PairCorr |
| 0.56 | MO | Altria Group Sell-off Trend | PairCorr |
| 0.46 | VITL | Vital Farms | PairCorr |
| 0.45 | LW | Lamb Weston Holdings | PairCorr |
| 0.44 | BTI | British American Tobacco | PairCorr |
| 0.38 | BG | Bunge Limited | PairCorr |
| 0.69 | HSY | Hershey | PairCorr |
| 0.66 | FDP | Fresh Del Monte | PairCorr |
| 0.5 | JBS | JBS NV | PairCorr |
| 0.43 | KLG | WK Kellogg | PairCorr |
| 0.41 | CPB | Campbells | PairCorr |
| 0.38 | KHC | Kraft Heinz | PairCorr |
| 0.7 | VFF | Village Farms Intern | PairCorr |
| 0.59 | SAM | Boston Beer | PairCorr |
| 0.58 | TPB | Turning Point Brands | PairCorr |
| 0.57 | SJM | J M | PairCorr |
Related Correlations Analysis
| 0.04 | 0.71 | 0.6 | 0.49 | 0.28 | 0.31 | CPB | ||
| 0.04 | 0.27 | -0.16 | -0.57 | 0.75 | -0.55 | GIS | ||
| 0.71 | 0.27 | 0.22 | 0.36 | 0.43 | 0.13 | K | ||
| 0.6 | -0.16 | 0.22 | 0.29 | 0.02 | 0.31 | LW | ||
| 0.49 | -0.57 | 0.36 | 0.29 | -0.48 | 0.71 | SJM | ||
| 0.28 | 0.75 | 0.43 | 0.02 | -0.48 | -0.64 | CAG | ||
| 0.31 | -0.55 | 0.13 | 0.31 | 0.71 | -0.64 | KHC | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPB | 1.30 | (0.03) | (0.06) | 0.03 | 1.32 | 3.42 | 10.39 | |||
| GIS | 0.94 | (0.10) | 0.00 | 0.82 | 0.00 | 1.96 | 6.05 | |||
| K | 0.29 | (0.05) | 0.00 | (0.20) | 0.00 | 0.56 | 2.14 | |||
| LW | 1.65 | (0.05) | 0.00 | 0.06 | 1.81 | 3.85 | 19.53 | |||
| SJM | 1.34 | (0.01) | (0.02) | 0.08 | 3.07 | 3.12 | 16.47 | |||
| CAG | 1.16 | (0.29) | 0.00 | (0.29) | 0.00 | 1.97 | 7.18 | |||
| KHC | 1.23 | (0.01) | (0.02) | 0.07 | 1.78 | 2.68 | 11.70 |