Hf Foods Correlations
| HFFG Stock | USD 2.90 0.11 3.94% |
The correlation of Hf Foods is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hf Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hf Foods Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Hf Foods Group and NYA is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hf Foods Group and NYA in the same portfolio, assuming nothing else is changed.
HFFG |
The ability to find closely correlated positions to Hf Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hf Foods when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hf Foods - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hf Foods Group to buy it.
Moving together with HFFG Stock
| 0.95 | IMKTA | Ingles Markets rporated Earnings Call This Week | PairCorr |
| 0.71 | ACI | Albertsons Companies Financial Report 23rd of July 2024 | PairCorr |
| 0.76 | WBA | Walgreens Boots Alliance Financial Report 25th of June 2024 | PairCorr |
Moving against HFFG Stock
| 0.89 | WMT | Walmart Sell-off Trend | PairCorr |
| 0.87 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.86 | SFM | Sprouts Farmers Market Financial Report 6th of May 2024 | PairCorr |
| 0.82 | CL | Colgate Palmolive Financial Report 26th of July 2024 | PairCorr |
| 0.81 | TGT | Target Financial Report 15th of May 2024 | PairCorr |
| 0.8 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
| 0.77 | BG | Bunge Limited Financial Report 1st of May 2024 | PairCorr |
| 0.73 | PSMT | PriceSmart Financial Report 8th of July 2024 | PairCorr |
| 0.71 | DG | Dollar General Financial Report 6th of June 2024 | PairCorr |
| 0.69 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.69 | EL | Estee Lauder Companies Earnings Call This Week | PairCorr |
| 0.58 | WMK | Weis Markets | PairCorr |
| 0.56 | NGVC | Natural Grocers by Financial Report 2nd of May 2024 | PairCorr |
| 0.45 | K | Kellanova Earnings Call This Week | PairCorr |
| 0.44 | MSS | Maison Solutions | PairCorr |
Related Correlations Analysis
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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 HFFG Stock performing well and Hf 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 Hf 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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Hf Foods without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |
Hf Foods Corporate Management
Elected by the shareholders, the Hf Foods' board of directors comprises two types of representatives: Hf Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HFFG. The board's role is to monitor Hf Foods' management team and ensure that shareholders' interests are well served. Hf Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hf Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xi Lin | Chief Officer | Profile | |
| Carlos Rodriguez | Chief Officer | Profile | |
| Christine Chang | General Officer | Profile | |
| Xiao Zhang | CEO Director | Profile |
Already Invested in Hf Foods Group?
The danger of trading Hf Foods Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hf Foods is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hf Foods. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hf Foods Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hf Foods Group is a strong investment it is important to analyze Hf 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 Hf Foods' future performance. For an informed investment choice regarding HFFG Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hf Foods Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Hf Foods Group information on this page should be used as a complementary analysis to other Hf Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for HFFG Stock analysis
When running Hf Foods' price analysis, check to measure Hf 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 Hf Foods is operating at the current time. Most of Hf Foods' value examination focuses on studying past and present price action to predict the probability of Hf Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hf Foods' price. Additionally, you may evaluate how the addition of Hf Foods to your portfolios can decrease your overall portfolio volatility.
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Is Hf 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 Hf Foods. If investors know HFFG 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 Hf 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 (0.05) | Earnings Share (0.04) | Revenue Per Share 21.316 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0103 |
The market value of Hf Foods Group is measured differently than its book value, which is the value of HFFG that is recorded on the company's balance sheet. Investors also form their own opinion of Hf Foods' value that differs from its market value or its book value, called intrinsic value, which is Hf 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 Hf Foods' market value can be influenced by many factors that don't directly affect Hf 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 Hf Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hf Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hf 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.