Hormel Foods Stock Alpha and Beta Analysis

HRL Stock  USD 30.96  0.32  1.04%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Hormel Foods. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hormel Foods over a specified time horizon. Remember, high Hormel Foods' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Hormel Foods' market risk premium analysis include:
Beta
0.67
Alpha
(0.16)
Risk
1.57
Sharpe Ratio
(0.09)
Expected Return
(0.14)
Please note that although Hormel Foods alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Hormel Foods did 0.16  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Hormel Foods stock's relative risk over its benchmark. Hormel Foods has a beta of 0.67  . 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 time, Hormel Foods' Book Value Per Share is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 19.49 this year, although Price Book Value Ratio will most likely fall to 2.30.

Hormel Foods Quarterly Cash And Equivalents

669.12 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Hormel Foods Backtesting, Hormel Foods Valuation, Hormel Foods Correlation, Hormel Foods Hype Analysis, Hormel Foods Volatility, Hormel Foods History and analyze Hormel Foods Performance.
For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.

Hormel Foods Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Hormel Foods market risk premium is the additional return an investor will receive from holding Hormel Foods long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hormel Foods. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Hormel Foods' performance over market.
α-0.16   β0.67

Hormel Foods expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Hormel Foods' Buy-and-hold return. Our buy-and-hold chart shows how Hormel Foods performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Hormel Foods Market Price Analysis

Market price analysis indicators help investors to evaluate how Hormel Foods stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hormel Foods shares will generate the highest return on investment. By understating and applying Hormel Foods stock market price indicators, traders can identify Hormel Foods position entry and exit signals to maximize returns.

Hormel Foods Return and Market Media

The median price of Hormel Foods for the period between Tue, Mar 26, 2024 and Mon, Jun 24, 2024 is 34.67 with a coefficient of variation of 5.74. The daily time series for the period is distributed with a sample standard deviation of 1.95, arithmetic mean of 33.91, and mean deviation of 1.57. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Disposition of 15400 shares by Mark Coffey of Hormel Foods at 26.38 subject to Rule 16b-3
03/28/2024
2
Pilgrims Pride Up More Than 40 percent in 6 Months Heres How
05/14/2024
 
Hormel Foods dividend paid on 15th of May 2024
05/15/2024
3
Hormel Foods Gears Up for Q2 Earnings Is a Beat Likely
05/29/2024
4
Hormel Foods stock target cut amid sales concerns
05/30/2024
5
Disposition of 6822 shares by Jacinth Smiley of Hormel Foods at 30.98 subject to Rule 16b-3
05/31/2024
6
Viagra, Spam, and unleaded gasoline Lessons in longevity from the Fortune 500 70-Year Club
06/04/2024
7
How To Earn 500 A Month From Hormel Foods Stock Following Q2 Results
06/05/2024
8
Institute scientist Hilakivi-Clarke receives grant to study possible benefits of organic, pasture-raised beef
06/06/2024
9
Acquisition by Batcheler Colleen of 4894 shares of Hormel Foods subject to Rule 16b-3
06/11/2024
10
Pricey Beef Has Hog Farmers Betting Consumers Will Eat More Pork
06/14/2024
11
Register for the Agriculture and Food Science Exploration Day
06/18/2024
12
Hormel Foods Corporation Stocks Been Sliding But Fundamentals Look Decent Will The Market Correct ... - Yahoo Movies UK
06/21/2024

About Hormel Foods Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Hormel or other stocks. Alpha measures the amount that position in Hormel Foods has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2015 2020 2023 2024 (projected)
Dividend Yield0.01830.03380.02250.0152
Price To Sales Ratio2.771.452.042.14

Hormel Foods Upcoming Company Events

As portrayed in its financial statements, the presentation of Hormel Foods' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Hormel Foods' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Hormel Foods' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Hormel Foods. Please utilize our Beneish M Score to check the likelihood of Hormel Foods' management manipulating its earnings.
7th of March 2024
Upcoming Quarterly Report
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6th of June 2024
Next Financial Report
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31st of January 2024
Next Fiscal Quarter End
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4th of December 2024
Next Fiscal Year End
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31st of October 2023
Last Quarter Report
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31st of October 2023
Last Financial Announcement
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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 Backtesting, Hormel Foods Valuation, Hormel Foods Correlation, Hormel Foods Hype Analysis, Hormel Foods Volatility, Hormel Foods History and analyze Hormel Foods Performance.
For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.
A focus of Hormel Foods technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hormel Foods trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...