Hormel Foods Stock Forecast - Market Facilitation Index
| HRL Stock | USD 35.14 0.40 1.15% |
Hormel Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Hormel Foods stock prices and determine the direction of Hormel Foods's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hormel Foods' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Hormel Foods' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Hormel Foods' systematic risk associated with finding meaningful patterns of Hormel Foods fundamentals over time.
Check out Historical Fundamental Analysis of Hormel Foods to cross-verify your projections. Hormel |
Open Interest Against 2024-04-26 Hormel Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Hormel Foods' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Hormel Foods' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Hormel Foods stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Hormel Foods' open interest, investors have to compare it to Hormel Foods' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Hormel Foods is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Hormel. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Hormel Foods cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Hormel Foods' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Hormel Foods' price structures and extracts relationships that further increase the generated results' accuracy.
Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.| Check Hormel Foods Volatility | Backtest Hormel Foods | Information Ratio |
Hormel Foods Trading Date Momentum
| On April 23 2024 Hormel Foods was traded for 35.14 at the closing time. Highest Hormel Foods's price during the trading hours was 35.30 and the lowest price during the day was 34.54 . There was no trading activity during the period 0.0. Lack of trading volume on the 23rd of April did not cause price change. The trading delta at closing time to current price is 0.68% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
| Compare Hormel Foods to competition |
Other Forecasting Options for Hormel Foods
For every potential investor in Hormel, whether a beginner or expert, Hormel Foods' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hormel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hormel. Basic forecasting techniques help filter out the noise by identifying Hormel Foods' price trends.Hormel Foods Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hormel Foods stock to make a market-neutral strategy. Peer analysis of Hormel Foods could also be used in its relative valuation, which is a method of valuing Hormel Foods by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hormel Foods Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Hormel Foods' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Hormel Foods' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hormel Foods Market Strength Events
Market strength 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 undertsting and applying Hormel Foods stock market strength indicators, traders can identify Hormel Foods entry and exit signals to maximize returns.
Hormel Foods Risk Indicators
The analysis of Hormel Foods' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Hormel Foods' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hormel stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.18 | |||
| Semi Deviation | 1.48 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.93 | |||
| Downside Variance | 2.92 | |||
| Semi Variance | 2.18 | |||
| Expected Short fall | (1.23) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Hormel Foods to cross-verify your projections. For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Hormel Stock analysis
When running Hormel Foods' price analysis, check to measure Hormel Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hormel Foods is operating at the current time. Most of Hormel Foods' value examination focuses on studying past and present price action to predict the probability of Hormel Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hormel Foods' price. Additionally, you may evaluate how the addition of Hormel Foods to your portfolios can decrease your overall portfolio volatility.
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Is Hormel Foods' industry 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 0.004 | Dividend Share 1.108 | Earnings Share 1.45 | Revenue Per Share 22.203 | Quarterly Revenue Growth 0.009 |
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.