Hormel Foods Corporation vs JBS N.V.
Why these are rivals: #2 and #3 by market value ($14B vs $11B) in Nasdaq's "Meat/Poultry/Fish" industry; SEC SIC 2011 / 2011 (same major group); #1 and #2 by market value ($14B vs $11B) with SEC SIC 2011 (Meat Packing Plants).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.22 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -1.63 (needs <= -2.873 (5% critical value))
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | HRL | JBS | Larger |
|---|---|---|---|
| 2025 | $12.1B | - | - |
| 2024 | $11.9B | - | - |
| 2023 | $12.1B | - | - |
| 2022 | $12.5B | - | - |
| 2021 | $11.4B | - | - |
| 2020 | $9.6B | - | - |
Market value: HRL $11.2B, JBS $13.8B.
HRL is ahead now
Measured against the pair's own last 252 trading days.
HRL leads JBS by 0.38 standard deviations: +5.7% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| HRL | -15.6% | -1.8% | -11.3% |
| JBS | +0.7% | -26.6% | -3.8% |
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.22 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -1.63 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 40.20 (needs <= 63)
- Data
- Both stocks current
Prices side by side, and the gap between them
Data table (504 sessions)
| Date | HRL index | JBS index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 66.36 | 103.08 | +0.38 | near the usual relationship |
| 2026-10-21 | 63.50 | 103.92 | +0.02 | near the usual relationship |
| 2026-10-20 | 63.72 | 105.83 | -0.09 | near the usual relationship |
| 2026-10-19 | 63.22 | 107.50 | -0.26 | near the usual relationship |
| 2026-10-16 | 63.37 | 108.58 | -0.31 | near the usual relationship |
| 2026-10-15 | 62.72 | 106.00 | -0.22 | near the usual relationship |
| 2026-10-14 | 61.54 | 108.50 | -0.52 | JBS ahead |
| 2026-10-13 | 59.68 | 107.75 | -0.69 | JBS ahead |
| 2026-10-12 | 59.96 | 107.17 | -0.63 | JBS ahead |
| 2026-10-09 | 59.61 | 108.17 | -0.74 | JBS ahead |
| 2026-10-08 | 60.33 | 106.25 | -0.54 | JBS ahead |
| 2026-10-07 | 60.73 | 102.00 | -0.21 | near the usual relationship |
| 2026-10-06 | 61.76 | 100.17 | +0.03 | near the usual relationship |
| 2026-10-05 | 62.38 | 99.08 | +0.17 | near the usual relationship |
| 2026-10-02 | 62.91 | 97.25 | +0.36 | near the usual relationship |
| 2026-10-01 | 62.01 | 90.50 | +0.76 | HRL ahead |
| 2026-09-30 | 61.94 | 94.08 | +0.49 | near the usual relationship |
| 2026-09-29 | 61.67 | 94.75 | +0.41 | near the usual relationship |
| 2026-09-28 | 62.04 | 96.67 | +0.31 | near the usual relationship |
| 2026-09-25 | 61.23 | 96.42 | +0.24 | near the usual relationship |
| 2026-09-24 | 61.63 | 94.67 | +0.42 | near the usual relationship |
| 2026-09-23 | 61.88 | 95.92 | +0.35 | near the usual relationship |
| 2026-09-22 | 63.16 | 99.17 | +0.27 | near the usual relationship |
| 2026-09-21 | 63.56 | 100.25 | +0.24 | near the usual relationship |
| 2026-09-18 | 64.71 | 99.67 | +0.40 | near the usual relationship |
| 2026-09-17 | 64.49 | 100.50 | +0.33 | near the usual relationship |
| 2026-09-16 | 64.55 | 101.83 | +0.24 | near the usual relationship |
| 2026-09-15 | 64.59 | 102.33 | +0.21 | near the usual relationship |
| 2026-09-14 | 65.11 | 104.25 | +0.14 | near the usual relationship |
| 2026-09-11 | 63.90 | 104.92 | -0.03 | near the usual relationship |
| 2026-09-10 | 64.74 | 105.17 | +0.04 | near the usual relationship |
| 2026-09-09 | 65.14 | 104.83 | +0.11 | near the usual relationship |
| 2026-09-08 | 65.89 | 107.25 | +0.03 | near the usual relationship |
| 2026-09-04 | 66.92 | 108.58 | +0.05 | near the usual relationship |
| 2026-09-03 | 67.35 | 109.50 | +0.04 | near the usual relationship |
| 2026-09-02 | 68.50 | 112.83 | -0.05 | near the usual relationship |
| 2026-09-01 | 68.31 | 111.75 | +0.00 | near the usual relationship |
| 2026-08-31 | 67.88 | 112.00 | -0.06 | near the usual relationship |
| 2026-08-28 | 67.01 | 113.25 | -0.22 | near the usual relationship |
| 2026-08-27 | 66.11 | 113.50 | -0.34 | near the usual relationship |
| 2026-08-26 | 73.66 | 114.58 | +0.34 | near the usual relationship |
| 2026-08-25 | 73.87 | 117.08 | +0.21 | near the usual relationship |
| 2026-08-24 | 74.84 | 115.67 | +0.38 | near the usual relationship |
| 2026-08-21 | 74.18 | 115.17 | +0.35 | near the usual relationship |
| 2026-08-20 | 74.81 | 112.92 | +0.54 | HRL ahead |
| 2026-08-19 | 75.83 | 114.58 | +0.53 | HRL ahead |
| 2026-08-18 | 75.61 | 113.83 | +0.55 | HRL ahead |
| 2026-08-17 | 74.62 | 112.00 | +0.56 | HRL ahead |
| 2026-08-14 | 76.23 | 113.75 | +0.60 | HRL ahead |
| 2026-08-13 | 75.92 | 111.00 | +0.73 | HRL ahead |
| 2026-08-12 | 75.77 | 109.33 | +0.82 | HRL ahead |
| 2026-08-11 | 75.49 | 108.50 | +0.84 | HRL ahead |
| 2026-08-10 | 76.73 | 111.75 | +0.75 | HRL ahead |
| 2026-08-07 | 77.73 | 118.58 | +0.43 | near the usual relationship |
| 2026-08-06 | 77.94 | 114.08 | +0.70 | HRL ahead |
| 2026-08-05 | 78.38 | 114.17 | +0.73 | HRL ahead |
| 2026-08-04 | 78.72 | 113.42 | +0.80 | HRL ahead |
| 2026-08-03 | 78.38 | 114.67 | +0.69 | HRL ahead |
| 2026-07-31 | 77.69 | 116.83 | +0.50 | HRL ahead |
| 2026-07-30 | 78.81 | 119.08 | +0.46 | near the usual relationship |
| 2026-07-29 | 80.15 | 118.58 | +0.59 | HRL ahead |
| 2026-07-28 | 79.40 | 116.08 | +0.66 | HRL ahead |
| 2026-07-27 | 80.93 | 112.92 | +0.96 | HRL ahead |
| 2026-07-24 | 78.63 | 102.33 | +1.40 | HRL ahead |
| 2026-07-23 | 77.73 | 101.08 | +1.40 | HRL ahead |
| 2026-07-22 | 78.32 | 102.08 | +1.38 | HRL ahead |
| 2026-07-21 | 78.01 | 99.58 | +1.51 | HRL ahead |
| 2026-07-20 | 78.53 | 100.25 | +1.50 | HRL ahead |
| 2026-07-17 | 78.88 | 99.25 | +1.59 | HRL ahead |
| 2026-07-16 | 79.87 | 100.25 | +1.60 | HRL ahead |
| 2026-07-15 | 78.13 | 100.83 | +1.42 | HRL ahead |
| 2026-07-14 | 77.07 | 98.58 | +1.47 | HRL ahead |
| 2026-07-13 | 75.99 | 98.33 | +1.38 | HRL ahead |
| 2026-07-10 | 76.83 | 99.25 | +1.38 | HRL ahead |
| 2026-07-09 | 75.58 | 97.75 | +1.37 | HRL ahead |
| 2026-07-08 | 76.23 | 98.50 | +1.37 | HRL ahead |
| 2026-07-07 | 76.73 | 101.58 | +1.21 | HRL ahead |
| 2026-07-06 | 75.43 | 101.08 | +1.13 | HRL ahead |
| 2026-07-02 | 77.66 | 102.17 | +1.24 | HRL ahead |
| 2026-07-01 | 77.29 | 100.58 | +1.31 | HRL ahead |
| 2026-06-30 | 77.10 | 98.75 | +1.41 | HRL ahead |
| 2026-06-29 | 81.73 | 101.83 | +1.58 | HRL ahead |
| 2026-06-26 | 82.35 | 101.83 | +1.63 | HRL ahead |
| 2026-06-25 | 80.83 | 100.25 | +1.61 | HRL ahead |
| 2026-06-24 | 79.37 | 101.58 | +1.41 | HRL ahead |
| 2026-06-23 | 76.79 | 101.92 | +1.18 | HRL ahead |
| 2026-06-22 | 74.90 | 99.33 | +1.18 | HRL ahead |
| 2026-06-18 | 75.05 | 99.42 | +1.18 | HRL ahead |
| 2026-06-17 | 75.58 | 101.83 | +1.07 | HRL ahead |
| 2026-06-16 | 76.58 | 102.50 | +1.11 | HRL ahead |
| 2026-06-15 | 76.36 | 101.58 | +1.14 | HRL ahead |
| 2026-06-12 | 76.89 | 104.50 | +1.01 | HRL ahead |
| 2026-06-11 | 75.92 | 101.67 | +1.09 | HRL ahead |
| 2026-06-10 | 75.46 | 100.25 | +1.13 | HRL ahead |
| 2026-06-09 | 74.50 | 98.75 | +1.14 | HRL ahead |
| 2026-06-08 | 73.44 | 96.83 | +1.17 | HRL ahead |
| 2026-06-05 | 73.38 | 102.00 | +0.85 | HRL ahead |
| 2026-06-04 | 72.35 | 101.75 | +0.77 | HRL ahead |
| 2026-06-03 | 71.85 | 99.00 | +0.89 | HRL ahead |
| 2026-06-02 | 72.54 | 101.67 | +0.78 | HRL ahead |
| 2026-06-01 | 72.54 | 100.83 | +0.83 | HRL ahead |
| 2026-05-29 | 72.17 | 103.92 | +0.62 | HRL ahead |
| 2026-05-28 | 73.28 | 107.83 | +0.49 | near the usual relationship |
| 2026-05-27 | 65.11 | 110.17 | -0.33 | near the usual relationship |
| 2026-05-26 | 64.90 | 108.17 | -0.25 | near the usual relationship |
| 2026-05-22 | 65.98 | 110.08 | -0.26 | near the usual relationship |
| 2026-05-21 | 65.49 | 110.67 | -0.34 | near the usual relationship |
| 2026-05-20 | 64.49 | 107.50 | -0.26 | near the usual relationship |
| 2026-05-19 | 63.37 | 104.08 | -0.18 | near the usual relationship |
| 2026-05-18 | 63.31 | 107.17 | -0.36 | near the usual relationship |
| 2026-05-15 | 61.32 | 112.33 | -0.82 | JBS ahead |
| 2026-05-14 | 62.13 | 116.50 | -0.96 | JBS ahead |
| 2026-05-13 | 61.85 | 122.42 | -1.28 | JBS ahead |
| 2026-05-12 | 62.69 | 127.25 | -1.44 | JBS ahead |
| 2026-05-11 | 62.63 | 129.92 | -1.58 | JBS ahead |
| 2026-05-08 | 63.50 | 134.25 | -1.70 | JBS ahead |
| 2026-05-07 | 64.46 | 136.00 | -1.71 | JBS ahead |
| 2026-05-06 | 64.31 | 139.08 | -1.87 | JBS ahead |
| 2026-05-05 | 65.02 | 135.33 | -1.67 | JBS ahead |
| 2026-05-04 | 64.18 | 132.58 | -1.64 | JBS ahead |
| 2026-05-01 | 66.26 | 134.00 | -1.53 | JBS ahead |
| 2026-04-30 | 66.70 | 133.83 | -1.49 | JBS ahead |
| 2026-04-29 | 64.80 | 130.75 | -1.54 | JBS ahead |
| 2026-04-28 | 66.20 | 134.58 | -1.60 | JBS ahead |
| 2026-04-27 | 66.70 | 135.67 | -1.62 | JBS ahead |
| 2026-04-24 | 66.95 | 138.50 | -1.74 | JBS ahead |
| 2026-04-23 | 67.60 | 140.50 | -1.79 | JBS ahead |
| 2026-04-22 | 66.57 | 145.67 | -2.13 | JBS ahead |
| 2026-04-21 | 66.01 | 147.67 | -2.30 | JBS ahead |
| 2026-04-20 | 66.26 | 145.83 | -2.23 | JBS ahead |
| 2026-04-17 | 65.83 | 147.58 | -2.38 | JBS ahead |
| 2026-04-16 | 64.93 | 149.17 | -2.57 | JBS ahead |
| 2026-04-15 | 64.18 | 147.92 | -2.63 | JBS ahead |
| 2026-04-14 | 64.49 | 150.58 | -2.77 | JBS ahead |
| 2026-04-13 | 63.62 | 147.92 | -2.79 | JBS ahead |
| 2026-04-10 | 64.83 | 152.67 | -2.93 | JBS ahead |
| 2026-04-09 | 65.64 | 153.50 | -2.94 | JBS ahead |
| 2026-04-08 | 67.23 | 151.50 | -2.73 | JBS ahead |
| 2026-04-07 | 66.64 | 146.25 | -2.59 | JBS ahead |
| 2026-04-06 | 67.91 | 149.00 | -2.63 | JBS ahead |
| 2026-04-02 | 68.62 | 147.92 | -2.55 | JBS ahead |
| 2026-04-01 | 68.44 | 151.00 | -2.76 | JBS ahead |
| 2026-03-31 | 70.36 | 149.67 | -2.54 | JBS ahead |
| 2026-03-30 | 71.51 | 144.50 | -2.20 | JBS ahead |
| 2026-03-27 | 71.67 | 141.92 | -2.08 | JBS ahead |
| 2026-03-26 | 70.98 | 138.67 | -2.00 | JBS ahead |
| 2026-03-25 | 71.61 | 131.25 | -1.55 | JBS ahead |
| 2026-03-24 | 70.36 | 127.83 | -1.50 | JBS ahead |
| 2026-03-23 | 69.65 | 125.58 | -1.45 | JBS ahead |
| 2026-03-20 | 68.78 | 118.75 | -1.14 | JBS ahead |
| 2026-03-19 | 69.49 | 125.25 | -1.47 | JBS ahead |
| 2026-03-18 | 70.55 | 124.42 | -1.31 | JBS ahead |
| 2026-03-17 | 71.20 | 128.08 | -1.46 | JBS ahead |
| 2026-03-16 | 70.49 | 127.42 | -1.50 | JBS ahead |
| 2026-03-13 | 70.33 | 125.67 | -1.42 | JBS ahead |
| 2026-03-12 | 70.52 | 125.92 | -1.41 | JBS ahead |
| 2026-03-11 | 71.54 | 126.75 | -1.36 | JBS ahead |
| 2026-03-10 | 72.51 | 129.50 | -1.42 | JBS ahead |
| 2026-03-09 | 74.18 | 130.17 | -1.30 | JBS ahead |
| 2026-03-06 | 75.86 | 129.33 | -1.10 | JBS ahead |
| 2026-03-05 | 75.15 | 130.42 | -1.23 | JBS ahead |
| 2026-03-04 | 75.92 | 136.08 | -1.44 | JBS ahead |
| 2026-03-03 | 76.42 | 134.83 | -1.35 | JBS ahead |
| 2026-03-02 | 77.10 | 140.75 | -1.58 | JBS ahead |
| 2026-02-27 | 79.53 | 140.75 | -1.38 | JBS ahead |
| 2026-02-26 | 77.10 | 138.58 | -1.49 | JBS ahead |
| 2026-02-25 | 78.63 | 136.75 | -1.28 | JBS ahead |
| 2026-02-24 | 80.15 | 137.67 | -1.20 | JBS ahead |
| 2026-02-23 | 78.16 | 134.50 | -1.22 | JBS ahead |
| 2026-02-20 | 77.63 | 135.75 | -1.33 | JBS ahead |
| 2026-02-19 | 76.27 | 134.83 | -1.41 | JBS ahead |
| 2026-02-18 | 76.05 | 133.42 | -1.37 | JBS ahead |
| 2026-02-17 | 72.82 | 134.42 | -1.71 | JBS ahead |
| 2026-02-13 | 73.87 | 133.33 | -1.58 | JBS ahead |
| 2026-02-12 | 72.82 | 131.83 | -1.61 | JBS ahead |
| 2026-02-11 | 74.40 | 135.33 | -1.65 | JBS ahead |
| 2026-02-10 | 75.49 | 134.58 | -1.54 | JBS ahead |
| 2026-02-09 | 75.83 | 134.58 | -1.52 | JBS ahead |
| 2026-02-06 | 77.45 | 131.83 | -1.27 | JBS ahead |
| 2026-02-05 | 77.94 | 131.08 | -1.20 | JBS ahead |
| 2026-02-04 | 78.60 | 132.17 | -1.21 | JBS ahead |
| 2026-02-03 | 76.48 | 133.08 | -1.43 | JBS ahead |
| 2026-02-02 | 75.99 | 131.00 | -1.38 | JBS ahead |
| 2026-01-30 | 76.45 | 131.25 | -1.37 | JBS ahead |
| 2026-01-29 | 75.92 | 130.92 | -1.40 | JBS ahead |
| 2026-01-28 | 76.42 | 128.83 | -1.27 | JBS ahead |
| 2026-01-27 | 78.29 | 130.00 | -1.18 | JBS ahead |
| 2026-01-26 | 77.20 | 129.42 | -1.25 | JBS ahead |
| 2026-01-23 | 76.42 | 130.25 | -1.36 | JBS ahead |
| 2026-01-22 | 75.68 | 128.83 | -1.36 | JBS ahead |
| 2026-01-21 | 75.89 | 127.17 | -1.27 | JBS ahead |
| 2026-01-20 | 76.30 | 127.58 | -1.26 | JBS ahead |
| 2026-01-16 | 75.24 | 122.25 | -1.10 | JBS ahead |
| 2026-01-15 | 76.79 | 125.75 | -1.15 | JBS ahead |
| 2026-01-14 | 76.08 | 122.75 | -1.07 | JBS ahead |
| 2026-01-13 | 73.00 | 120.25 | -1.20 | JBS ahead |
| 2026-01-12 | 70.98 | 119.25 | -1.33 | JBS ahead |
| 2026-01-09 | 72.17 | 116.25 | -1.09 | JBS ahead |
| 2026-01-08 | 71.05 | 114.50 | -1.10 | JBS ahead |
| 2026-01-07 | 69.40 | 113.08 | -1.17 | JBS ahead |
| 2026-01-06 | 70.98 | 112.17 | -1.00 | JBS ahead |
| 2026-01-05 | 71.33 | 116.42 | -1.20 | JBS ahead |
| 2026-01-02 | 72.66 | 118.17 | -1.18 | JBS ahead |
| 2025-12-31 | 73.63 | 120.17 | -1.21 | JBS ahead |
| 2025-12-30 | 74.50 | 120.75 | -1.18 | JBS ahead |
| 2025-12-29 | 75.09 | 121.17 | -1.16 | JBS ahead |
| 2025-12-26 | 75.37 | 121.33 | -1.16 | JBS ahead |
| 2025-12-24 | 75.64 | 121.25 | -1.14 | JBS ahead |
| 2025-12-23 | 74.84 | 121.17 | -1.21 | JBS ahead |
| 2025-12-22 | 74.93 | 120.58 | -1.18 | JBS ahead |
| 2025-12-19 | 73.53 | 120.83 | -1.32 | JBS ahead |
| 2025-12-18 | 74.56 | 119.33 | -1.17 | JBS ahead |
| 2025-12-17 | 74.53 | 117.67 | -1.10 | JBS ahead |
| 2025-12-16 | 73.50 | 119.50 | -1.28 | JBS ahead |
| 2025-12-15 | 74.56 | 118.58 | -1.16 | JBS ahead |
| 2025-12-12 | 74.71 | 120.00 | -1.23 | JBS ahead |
| 2025-12-11 | 73.66 | 117.92 | -1.22 | JBS ahead |
| 2025-12-10 | 73.75 | 116.92 | -1.17 | JBS ahead |
| 2025-12-09 | 73.41 | 115.50 | -1.14 | JBS ahead |
| 2025-12-08 | 74.09 | 116.50 | -1.14 | JBS ahead |
| 2025-12-05 | 75.61 | 119.58 | -1.18 | JBS ahead |
| 2025-12-04 | 75.05 | 124.75 | -1.49 | JBS ahead |
| 2025-12-03 | 72.29 | 123.00 | -1.64 | JBS ahead |
| 2025-12-02 | 71.73 | 122.83 | -1.69 | JBS ahead |
| 2025-12-01 | 72.38 | 123.92 | -1.70 | JBS ahead |
| 2025-11-28 | 72.10 | 122.42 | -1.67 | JBS ahead |
| 2025-11-26 | 72.17 | 122.67 | -1.70 | JBS ahead |
| 2025-11-25 | 71.39 | 121.08 | -1.70 | JBS ahead |
| 2025-11-24 | 70.21 | 119.17 | -1.72 | JBS ahead |
| 2025-11-21 | 70.49 | 114.42 | -1.47 | JBS ahead |
| 2025-11-20 | 69.34 | 113.58 | -1.54 | JBS ahead |
| 2025-11-19 | 68.93 | 113.83 | -1.60 | JBS ahead |
| 2025-11-18 | 69.34 | 115.00 | -1.64 | JBS ahead |
| 2025-11-17 | 69.21 | 115.50 | -1.70 | JBS ahead |
| 2025-11-14 | 70.33 | 110.50 | -1.34 | JBS ahead |
| 2025-11-13 | 70.39 | 109.50 | -1.29 | JBS ahead |
| 2025-11-12 | 69.18 | 109.67 | -1.42 | JBS ahead |
| 2025-11-11 | 69.93 | 110.33 | -1.41 | JBS ahead |
| 2025-11-10 | 68.81 | 109.17 | -1.45 | JBS ahead |
| 2025-11-07 | 68.44 | 108.08 | -1.44 | JBS ahead |
| 2025-11-06 | 67.47 | 112.17 | -1.77 | JBS ahead |
| 2025-11-05 | 66.95 | 112.75 | -1.87 | JBS ahead |
| 2025-11-04 | 67.04 | 111.58 | -1.82 | JBS ahead |
| 2025-11-03 | 66.73 | 111.92 | -1.89 | JBS ahead |
| 2025-10-31 | 67.07 | 110.08 | -1.77 | JBS ahead |
| 2025-10-30 | 66.14 | 108.75 | -1.80 | JBS ahead |
| 2025-10-29 | 66.76 | 108.50 | -1.74 | JBS ahead |
| 2025-10-28 | 73.47 | 110.08 | -1.24 | JBS ahead |
| 2025-10-27 | 73.75 | 107.50 | -1.07 | JBS ahead |
| 2025-10-24 | 74.03 | 105.75 | -0.95 | JBS ahead |
| 2025-10-23 | 73.84 | 107.50 | -1.08 | JBS ahead |
| 2025-10-22 | 75.02 | 109.17 | -1.09 | JBS ahead |
| 2025-10-21 | 74.81 | 107.17 | -0.99 | JBS ahead |
| 2025-10-20 | 74.43 | 109.00 | -1.14 | JBS ahead |
| 2025-10-17 | 74.65 | 108.58 | -1.11 | JBS ahead |
| 2025-10-16 | 73.78 | 106.08 | -1.04 | JBS ahead |
| 2025-10-15 | 73.47 | 106.75 | -1.12 | JBS ahead |
| 2025-10-14 | 74.31 | 106.33 | -1.03 | JBS ahead |
| 2025-10-13 | 73.16 | 104.42 | -1.02 | JBS ahead |
| 2025-10-10 | 73.72 | 105.33 | -1.04 | JBS ahead |
| 2025-10-09 | 73.84 | 105.33 | -1.03 | JBS ahead |
| 2025-10-08 | 74.22 | 107.08 | -1.11 | JBS ahead |
| 2025-10-07 | 74.56 | 110.42 | -1.29 | JBS ahead |
| 2025-10-06 | 75.52 | 113.08 | -1.37 | JBS ahead |
| 2025-10-03 | 76.55 | 119.58 | -1.65 | JBS ahead |
| 2025-10-02 | 76.61 | 122.50 | -1.82 | JBS ahead |
| 2025-10-01 | 77.04 | 123.08 | -1.83 | JBS ahead |
| 2025-09-30 | 76.86 | 124.42 | -1.94 | JBS ahead |
| 2025-09-29 | 76.55 | 125.33 | -2.03 | JBS ahead |
| 2025-09-26 | 76.79 | 121.92 | -1.85 | JBS ahead |
| 2025-09-25 | 75.83 | 122.67 | -2.00 | JBS ahead |
| 2025-09-24 | 76.76 | 126.08 | -2.12 | JBS ahead |
| 2025-09-23 | 75.92 | 126.50 | -2.25 | JBS ahead |
| 2025-09-22 | 75.52 | 127.50 | -2.37 | JBS ahead |
| 2025-09-19 | 77.10 | 127.00 | -2.23 | JBS ahead |
| 2025-09-18 | 77.54 | 129.33 | -2.35 | JBS ahead |
| 2025-09-17 | 77.32 | 130.00 | -2.44 | JBS ahead |
| 2025-09-16 | 77.73 | 131.17 | -2.50 | JBS ahead |
| 2025-09-15 | 76.83 | 131.92 | -2.67 | JBS ahead |
| 2025-09-12 | 77.91 | 131.50 | -2.59 | JBS ahead |
| 2025-09-11 | 78.97 | 132.17 | -2.57 | JBS ahead |
| 2025-09-10 | 77.57 | 130.92 | -2.68 | JBS ahead |
| 2025-09-09 | 79.28 | 129.83 | -2.50 | JBS ahead |
| 2025-09-08 | 79.22 | 130.92 | -2.61 | JBS ahead |
| 2025-09-05 | 79.71 | 133.92 | -2.78 | JBS ahead |
| 2025-09-04 | 78.41 | 132.17 | -2.86 | JBS ahead |
| 2025-09-03 | 78.75 | 132.75 | -2.92 | JBS ahead |
| 2025-09-02 | 77.76 | 134.25 | -3.18 | JBS ahead |
| 2025-08-29 | 79.03 | 135.08 | -3.17 | JBS ahead |
| 2025-08-28 | 78.35 | 136.08 | -3.39 | JBS ahead |
| 2025-08-27 | 90.15 | 137.75 | -2.38 | JBS ahead |
| 2025-08-26 | 89.34 | 133.25 | -2.21 | JBS ahead |
| 2025-08-25 | 89.69 | 130.42 | -2.03 | JBS ahead |
| 2025-08-22 | 90.87 | 128.08 | -1.79 | JBS ahead |
| 2025-08-21 | 89.81 | 127.83 | -1.89 | JBS ahead |
| 2025-08-20 | 88.97 | 125.58 | -1.84 | JBS ahead |
| 2025-08-19 | 88.26 | 125.75 | -1.94 | JBS ahead |
| 2025-08-18 | 87.85 | 124.58 | -1.92 | JBS ahead |
| 2025-08-15 | 88.47 | 119.17 | -1.49 | JBS ahead |
| 2025-08-14 | 87.92 | 115.75 | -1.30 | JBS ahead |
| 2025-08-13 | 90.00 | 121.25 | -1.52 | JBS ahead |
| 2025-08-12 | 89.34 | 119.83 | -1.49 | JBS ahead |
| 2025-08-11 | 88.79 | 117.83 | -1.41 | JBS ahead |
| 2025-08-08 | 88.47 | 119.08 | -1.54 | JBS ahead |
| 2025-08-07 | 88.69 | 117.00 | -1.38 | JBS ahead |
| 2025-08-06 | 87.79 | 115.17 | -1.34 | JBS ahead |
| 2025-08-05 | 87.92 | 116.00 | -1.40 | JBS ahead |
| 2025-08-04 | 87.67 | 116.08 | -1.44 | JBS ahead |
| 2025-08-01 | 87.36 | 114.42 | -1.36 | JBS ahead |
| 2025-07-31 | 87.26 | 115.00 | -1.43 | JBS ahead |
| 2025-07-30 | 87.88 | 111.67 | -1.12 | JBS ahead |
| 2025-07-29 | 89.16 | 113.00 | -1.10 | JBS ahead |
| 2025-07-28 | 88.69 | 112.25 | -1.10 | JBS ahead |
| 2025-07-25 | 90.84 | 111.50 | -0.84 | JBS ahead |
| 2025-07-24 | 91.02 | 111.00 | -0.79 | JBS ahead |
| 2025-07-23 | 91.71 | 112.00 | -0.81 | JBS ahead |
| 2025-07-22 | 91.49 | 109.92 | -0.67 | JBS ahead |
| 2025-07-21 | 89.75 | 108.75 | -0.75 | JBS ahead |
| 2025-07-18 | 90.53 | 109.92 | -0.77 | JBS ahead |
| 2025-07-17 | 92.20 | 112.67 | -0.84 | JBS ahead |
| 2025-07-16 | 92.92 | 112.25 | -0.74 | JBS ahead |
| 2025-07-15 | 90.74 | 108.17 | -0.63 | JBS ahead |
| 2025-07-14 | 92.48 | 108.58 | -0.51 | JBS ahead |
| 2025-07-11 | 94.78 | 113.00 | -0.65 | JBS ahead |
| 2025-07-10 | 97.98 | 111.08 | -0.22 | near the usual relationship |
| 2025-07-09 | 97.14 | 110.08 | -0.22 | near the usual relationship |
| 2025-07-08 | 96.61 | 112.17 | -0.43 | near the usual relationship |
| 2025-07-07 | 94.78 | 114.75 | -0.79 | JBS ahead |
| 2025-07-03 | 94.66 | 118.17 | -1.06 | JBS ahead |
| 2025-07-02 | 95.71 | 116.00 | -0.82 | JBS ahead |
| 2025-07-01 | 95.37 | 118.42 | -1.03 | JBS ahead |
| 2025-06-30 | 93.97 | 121.75 | -1.41 | JBS ahead |
| 2025-06-27 | 94.66 | 122.92 | -1.44 | JBS ahead |
| 2025-06-26 | 93.97 | 123.00 | -1.52 | JBS ahead |
| 2025-06-25 | 92.70 | 115.58 | -1.11 | JBS ahead |
| 2025-06-24 | 94.44 | 115.08 | -0.92 | JBS ahead |
| 2025-06-23 | 95.84 | 111.67 | -0.54 | JBS ahead |
| 2025-06-20 | 94.47 | 113.17 | -0.78 | JBS ahead |
| 2025-06-18 | 93.69 | 113.83 | -0.91 | JBS ahead |
| 2025-06-17 | 93.38 | 116.67 | -1.16 | JBS ahead |
| 2025-06-16 | 94.07 | 120.83 | -1.41 | JBS ahead |
| 2025-06-13 | 95.00 | 115.58 | -0.95 | JBS ahead |
| 2025-06-12 | 96.46 | 120.33 | -1.18 | JBS ahead |
| 2025-06-11 | 96.09 | 120.33 | -1.22 | JBS ahead |
| 2025-06-10 | 96.77 | 120.33 | -1.17 | JBS ahead |
| 2025-06-09 | 96.89 | 117.08 | -0.93 | JBS ahead |
| 2025-06-06 | 95.25 | 118.92 | -1.22 | JBS ahead |
| 2025-06-05 | 95.40 | 115.92 | -0.99 | JBS ahead |
| 2025-06-04 | 95.37 | 114.33 | -0.89 | JBS ahead |
| 2025-06-03 | 95.84 | 116.08 | -0.98 | JBS ahead |
| 2025-06-02 | 95.84 | 118.33 | -1.15 | JBS ahead |
| 2025-05-30 | 95.31 | 117.92 | -1.18 | JBS ahead |
| 2025-05-29 | 94.38 | 120.83 | -1.48 | JBS ahead |
| 2025-05-28 | 93.32 | 119.50 | -1.49 | JBS ahead |
| 2025-05-27 | 93.82 | 119.42 | -1.45 | JBS ahead |
| 2025-05-23 | 91.46 | 124.58 | -2.04 | JBS ahead |
| 2025-05-22 | 91.49 | 125.58 | -2.12 | JBS ahead |
| 2025-05-21 | 91.39 | 126.08 | -2.18 | JBS ahead |
| 2025-05-20 | 93.63 | 125.42 | -1.95 | JBS ahead |
| 2025-05-19 | 93.57 | 119.58 | -1.55 | JBS ahead |
| 2025-05-16 | 94.84 | 114.33 | -1.06 | JBS ahead |
| 2025-05-15 | 93.69 | 118.58 | -1.46 | JBS ahead |
| 2025-05-14 | 90.59 | 117.67 | -1.67 | JBS ahead |
| 2025-05-13 | 90.93 | 123.08 | -2.00 | JBS ahead |
| 2025-05-12 | 91.80 | 122.58 | -1.89 | JBS ahead |
| 2025-05-09 | 90.74 | 125.17 | -2.15 | JBS ahead |
| 2025-05-08 | 91.30 | 125.58 | -2.14 | JBS ahead |
| 2025-05-07 | 90.43 | 125.00 | -2.18 | JBS ahead |
| 2025-05-06 | 90.56 | 124.67 | -2.15 | JBS ahead |
| 2025-05-05 | 90.74 | 124.58 | -2.13 | JBS ahead |
| 2025-05-02 | 91.05 | 127.75 | -2.29 | JBS ahead |
| 2025-05-01 | 91.30 | 132.58 | -2.56 | JBS ahead |
| 2025-04-30 | 92.89 | 134.83 | -2.56 | JBS ahead |
| 2025-04-29 | 91.99 | 134.17 | -2.60 | JBS ahead |
| 2025-04-28 | 91.71 | 139.21 | -2.90 | JBS ahead |
| 2025-04-25 | 92.26 | 139.17 | -2.87 | JBS ahead |
| 2025-04-24 | 93.79 | 137.00 | -2.64 | JBS ahead |
| 2025-04-23 | 95.71 | 138.33 | -2.57 | JBS ahead |
| 2025-04-22 | 95.40 | 130.50 | -2.18 | JBS ahead |
| 2025-04-21 | 94.44 | 125.83 | -1.99 | JBS ahead |
| 2025-04-17 | 95.00 | 125.17 | -1.91 | JBS ahead |
| 2025-04-16 | 93.76 | 125.83 | -2.05 | JBS ahead |
| 2025-04-15 | 94.38 | 125.00 | -1.97 | JBS ahead |
| 2025-04-14 | 94.91 | 121.00 | -1.70 | JBS ahead |
| 2025-04-11 | 94.16 | 119.08 | -1.65 | JBS ahead |
| 2025-04-10 | 91.67 | 117.08 | -1.72 | JBS ahead |
| 2025-04-09 | 92.30 | 117.83 | -1.72 | JBS ahead |
| 2025-04-08 | 91.08 | 112.58 | -1.50 | JBS ahead |
| 2025-04-07 | 93.32 | 114.50 | -1.46 | JBS ahead |
| 2025-04-04 | 95.50 | 118.33 | -1.52 | JBS ahead |
| 2025-04-03 | 97.67 | 121.08 | -1.53 | JBS ahead |
| 2025-04-02 | 95.12 | 121.33 | -1.71 | JBS ahead |
| 2025-04-01 | 95.50 | 121.83 | -1.72 | JBS ahead |
| 2025-03-31 | 96.12 | 119.50 | -1.56 | JBS ahead |
| 2025-03-28 | 94.32 | 120.58 | -1.75 | JBS ahead |
| 2025-03-27 | 94.19 | 120.92 | -1.79 | JBS ahead |
| 2025-03-26 | 91.89 | 114.33 | -1.60 | JBS ahead |
| 2025-03-25 | 89.50 | 118.25 | -2.00 | JBS ahead |
| 2025-03-24 | 90.90 | 117.67 | -1.88 | JBS ahead |
| 2025-03-21 | 93.13 | 121.75 | -1.96 | JBS ahead |
| 2025-03-20 | 92.20 | 120.67 | -1.99 | JBS ahead |
| 2025-03-19 | 92.48 | 115.42 | -1.70 | JBS ahead |
| 2025-03-18 | 93.01 | 113.46 | -1.57 | JBS ahead |
| 2025-03-17 | 93.07 | 96.17 | -0.54 | JBS ahead |
| 2025-03-14 | 91.77 | 96.17 | -0.63 | JBS ahead |
| 2025-03-13 | 91.61 | 94.17 | -0.52 | JBS ahead |
| 2025-03-12 | 90.77 | 94.50 | -0.60 | JBS ahead |
| 2025-03-11 | 92.95 | 91.67 | -0.28 | near the usual relationship |
| 2025-03-10 | 94.04 | 91.25 | -0.18 | near the usual relationship |
| 2025-03-07 | 93.01 | 91.83 | -0.29 | near the usual relationship |
| 2025-03-06 | 90.09 | 88.67 | -0.28 | near the usual relationship |
| 2025-03-05 | 89.34 | 92.42 | -0.59 | JBS ahead |
| 2025-03-04 | 89.78 | 85.75 | -0.12 | near the usual relationship |
| 2025-03-03 | 91.58 | 90.50 | -0.32 | near the usual relationship |
| 2025-02-28 | 88.94 | 97.92 | -0.97 | JBS ahead |
| 2025-02-27 | 88.16 | 89.58 | -0.50 | JBS ahead |
| 2025-02-26 | 89.25 | 88.75 | -0.38 | near the usual relationship |
| 2025-02-25 | 91.39 | 89.83 | -0.32 | near the usual relationship |
| 2025-02-24 | 90.80 | 89.25 | -0.32 | near the usual relationship |
| 2025-02-21 | 92.11 | 92.33 | -0.44 | near the usual relationship |
| 2025-02-20 | 89.62 | 91.08 | -0.52 | JBS ahead |
| 2025-02-19 | 88.72 | 92.75 | -0.70 | JBS ahead |
| 2025-02-18 | 87.88 | 99.87 | -1.19 | JBS ahead |
| 2025-02-14 | 88.41 | 98.79 | -1.10 | JBS ahead |
| 2025-02-13 | 88.66 | 93.33 | -0.76 | JBS ahead |
| 2025-02-12 | 88.63 | 96.29 | -0.95 | JBS ahead |
| 2025-02-11 | 90.09 | 100.61 | -1.12 | JBS ahead |
| 2025-02-10 | 89.69 | 100.92 | -1.18 | JBS ahead |
| 2025-02-07 | 90.71 | 97.92 | -0.94 | JBS ahead |
| 2025-02-06 | 90.65 | 101.67 | -1.17 | JBS ahead |
| 2025-02-05 | 90.93 | 98.92 | -1.00 | JBS ahead |
| 2025-02-04 | 91.30 | 97.92 | -0.92 | JBS ahead |
| 2025-02-03 | 91.95 | 101.75 | -1.12 | JBS ahead |
| 2025-01-31 | 93.13 | 101.33 | -1.03 | JBS ahead |
| 2025-01-30 | 94.53 | 99.33 | -0.82 | JBS ahead |
| 2025-01-29 | 93.76 | 98.75 | -0.84 | JBS ahead |
| 2025-01-28 | 94.63 | 98.17 | -0.76 | JBS ahead |
| 2025-01-27 | 97.70 | 98.04 | -0.56 | JBS ahead |
| 2025-01-24 | 95.93 | 95.25 | -0.50 | JBS ahead |
| 2025-01-23 | 95.87 | 95.92 | -0.55 | JBS ahead |
| 2025-01-22 | 94.28 | 93.90 | -0.53 | JBS ahead |
| 2025-01-21 | 95.87 | 91.42 | -0.27 | near the usual relationship |
| 2025-01-17 | 92.98 | 92.83 | -0.55 | JBS ahead |
| 2025-01-16 | 92.85 | 91.67 | -0.49 | near the usual relationship |
| 2025-01-15 | 91.95 | 101.58 | -1.17 | JBS ahead |
| 2025-01-14 | 93.23 | 95.17 | -0.70 | JBS ahead |
| 2025-01-13 | 94.00 | 94.58 | -0.62 | JBS ahead |
| 2025-01-10 | 93.35 | 96.42 | -0.78 | JBS ahead |
| 2025-01-08 | 94.56 | 97.42 | -0.77 | JBS ahead |
| 2025-01-07 | 93.63 | 96.58 | -0.79 | JBS ahead |
| 2025-01-06 | 95.31 | 99.00 | -0.83 | JBS ahead |
| 2025-01-03 | 97.42 | 98.75 | -0.69 | JBS ahead |
| 2025-01-02 | 97.92 | 100.67 | -0.78 | JBS ahead |
| 2024-12-31 | 97.45 | 99.00 | -0.72 | JBS ahead |
| 2024-12-30 | 96.92 | 98.42 | -0.72 | JBS ahead |
| 2024-12-27 | 98.94 | 98.30 | -0.59 | JBS ahead |
| 2024-12-26 | 98.42 | 100.58 | -0.77 | JBS ahead |
| 2024-12-24 | 98.20 | 102.83 | -0.92 | JBS ahead |
| 2024-12-23 | 98.01 | 100.17 | -0.78 | JBS ahead |
| 2024-12-20 | 98.42 | 109.42 | -1.30 | JBS ahead |
| 2024-12-19 | 98.11 | 103.92 | -1.01 | JBS ahead |
| 2024-12-18 | 99.10 | 102.42 | -0.87 | JBS ahead |
| 2024-12-17 | 99.88 | 110.08 | -1.27 | JBS ahead |
| 2024-12-16 | 100.47 | 106.83 | -1.06 | JBS ahead |
| 2024-12-13 | 102.33 | 105.17 | -0.86 | JBS ahead |
| 2024-12-12 | 102.64 | 104.92 | -0.83 | JBS ahead |
| 2024-12-11 | 102.92 | 112.42 | -1.25 | JBS ahead |
| 2024-12-10 | 104.22 | 105.42 | -0.78 | JBS ahead |
| 2024-12-09 | 103.08 | 108.08 | -1.01 | JBS ahead |
| 2024-12-06 | 100.87 | 107.42 | -1.11 | JBS ahead |
| 2024-12-05 | 102.08 | 108.17 | -1.09 | JBS ahead |
| 2024-12-04 | 99.38 | 107.67 | -1.24 | JBS ahead |
| 2024-12-03 | 98.85 | 106.15 | -1.19 | JBS ahead |
| 2024-12-02 | 99.84 | 105.00 | -1.07 | JBS ahead |
| 2024-11-29 | 100.75 | 102.50 | -0.87 | JBS ahead |
| 2024-11-27 | 99.16 | 99.33 | -0.78 | JBS ahead |
| 2024-11-26 | 98.23 | 100.67 | -0.93 | JBS ahead |
| 2024-11-25 | 97.64 | 101.58 | -1.03 | JBS ahead |
| 2024-11-22 | 95.28 | 102.54 | -1.25 | JBS ahead |
| 2024-11-21 | 94.75 | 100.00 | -1.14 | JBS ahead |
| 2024-11-20 | 93.88 | 100.75 | -1.25 | JBS ahead |
| 2024-11-19 | 92.36 | 101.17 | -1.39 | JBS ahead |
| 2024-11-18 | 91.33 | 101.58 | -1.50 | JBS ahead |
| 2024-11-15 | 90.74 | 102.17 | -1.59 | JBS ahead |
| 2024-11-14 | 94.47 | 100.92 | -1.27 | JBS ahead |
| 2024-11-13 | 94.41 | 101.68 | -1.33 | JBS ahead |
| 2024-11-12 | 94.41 | 102.75 | -1.41 | JBS ahead |
| 2024-11-11 | 94.32 | 100.67 | -1.30 | JBS ahead |
| 2024-11-08 | 94.19 | 101.34 | -1.36 | JBS ahead |
| 2024-11-07 | 94.04 | 105.42 | -1.63 | JBS ahead |
| 2024-11-06 | 95.43 | 108.25 | -1.72 | JBS ahead |
| 2024-11-05 | 96.61 | 104.17 | -1.41 | JBS ahead |
| 2024-11-04 | 95.50 | 103.08 | -1.43 | JBS ahead |
| 2024-11-01 | 96.05 | 99.83 | -1.20 | JBS ahead |
| 2024-10-31 | 94.91 | 101.42 | -1.39 | JBS ahead |
| 2024-10-30 | 95.12 | 105.25 | -1.62 | JBS ahead |
| 2024-10-29 | 95.34 | 104.75 | -1.59 | JBS ahead |
| 2024-10-28 | 96.12 | 104.75 | -1.55 | JBS ahead |
| 2024-10-25 | 96.49 | 101.75 | -1.35 | JBS ahead |
| 2024-10-24 | 96.58 | 100.25 | -1.26 | JBS ahead |
| 2024-10-23 | 96.89 | 101.08 | -1.30 | JBS ahead |
| 2024-10-22 | 96.58 | 103.33 | -1.47 | JBS ahead |
| 2024-10-21 | 97.30 | 100.83 | -1.28 | JBS ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.06 | JBS ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Mar 18, 2025 (HRL -0.1%, JBS +18.0%); May 28, 2026 (HRL +12.6%, JBS -2.1%).
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
HRL and JBS at a glance
HRL Hormel Foods Corporation
- Listing
- NYSE · SEC CIK 48465
- Industry
- Meat/Poultry/Fish · SIC 2011 Meat Packing Plants
- Market value
- $11.2B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
JBS JBS N.V.
- Listing
- NYSE · SEC CIK 1791942
- Industry
- Meat/Poultry/Fish · SIC 2011 Meat Packing Plants
- Market value
- $13.8B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Other rivals of HRL and JBS
Follow the research behind the paper book
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
