Hormel Foods Stock Forecast - Rate Of Daily Change

HRL Stock  USD 34.74  0.36  1.05%   
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.
For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.
  
At this time, Hormel Foods' Inventory Turnover is quite stable compared to the past year. Payables Turnover is expected to rise to 18.39 this year, although the value of Receivables Turnover will most likely fall to 11.86. . The value of Common Stock Shares Outstanding is expected to slide to about 457.6 M. The value of Net Income Applicable To Common Shares is expected to slide to about 593.6 M.

Open Interest Against 2024-04-19 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.
Hormel Foods has current Rate Of Daily Change of 1.01.
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.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Hormel Foods.
Check Hormel Foods VolatilityBacktest Hormel FoodsInformation Ratio  

Hormel Foods Trading Date Momentum

On April 19 2024 Hormel Foods was traded for  34.74  at the closing time. Highest Hormel Foods's price during the trading hours was 34.79  and the lowest price during the day was  34.37 . The net volume was 2.4 M. The overall trading history on the 19th of April did not cause price change. The trading delta at closing time to current price is 0.75% .
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
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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.

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.
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.

Hormel Foods Investors Sentiment

The influence of Hormel Foods' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Hormel. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Hormel Foods' public news can be used to forecast risks associated with an investment in Hormel. The trend in average sentiment can be used to explain how an investor holding Hormel can time the market purely based on public headlines and social activities around Hormel Foods. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Hormel Foods' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Hormel Foods' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Hormel Foods' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Hormel Foods.

Hormel Foods Implied Volatility

    
  33.07  
Hormel Foods' implied volatility exposes the market's sentiment of Hormel Foods stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hormel Foods' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Hormel Foods stock will not fluctuate a lot when Hormel Foods' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hormel Foods in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hormel Foods' short interest history, or implied volatility extrapolated from Hormel Foods options trading.

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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 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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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.