Meat/Poultry/Fish

Hormel Foods Corporation vs JBS N.V.

WatchlistHRL / JBSPrices through Oct 22, 2026

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 leadership

Business size

Annual revenue reported to the SEC. Scale, not market share.

YearHRLJBSLarger
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.

Stock leadership

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 change3 mo6 mo12 mo
HRL-15.6%-1.8%-11.3%
JBS+0.7%-26.6%-3.8%
Relationship

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
The twins over two years

Prices side by side, and the gap between them

HRL Hormel Foods Corporation JBS JBS N.V.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026HRL 66JBS 103
Spread z-score: HRL relative to JBS, against the 252 sessions before each day. Above 0: HRL ahead; below 0: JBS ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateHRL indexJBS indexzAhead
2026-10-2266.36103.08+0.38near the usual relationship
2026-10-2163.50103.92+0.02near the usual relationship
2026-10-2063.72105.83-0.09near the usual relationship
2026-10-1963.22107.50-0.26near the usual relationship
2026-10-1663.37108.58-0.31near the usual relationship
2026-10-1562.72106.00-0.22near the usual relationship
2026-10-1461.54108.50-0.52JBS ahead
2026-10-1359.68107.75-0.69JBS ahead
2026-10-1259.96107.17-0.63JBS ahead
2026-10-0959.61108.17-0.74JBS ahead
2026-10-0860.33106.25-0.54JBS ahead
2026-10-0760.73102.00-0.21near the usual relationship
2026-10-0661.76100.17+0.03near the usual relationship
2026-10-0562.3899.08+0.17near the usual relationship
2026-10-0262.9197.25+0.36near the usual relationship
2026-10-0162.0190.50+0.76HRL ahead
2026-09-3061.9494.08+0.49near the usual relationship
2026-09-2961.6794.75+0.41near the usual relationship
2026-09-2862.0496.67+0.31near the usual relationship
2026-09-2561.2396.42+0.24near the usual relationship
2026-09-2461.6394.67+0.42near the usual relationship
2026-09-2361.8895.92+0.35near the usual relationship
2026-09-2263.1699.17+0.27near the usual relationship
2026-09-2163.56100.25+0.24near the usual relationship
2026-09-1864.7199.67+0.40near the usual relationship
2026-09-1764.49100.50+0.33near the usual relationship
2026-09-1664.55101.83+0.24near the usual relationship
2026-09-1564.59102.33+0.21near the usual relationship
2026-09-1465.11104.25+0.14near the usual relationship
2026-09-1163.90104.92-0.03near the usual relationship
2026-09-1064.74105.17+0.04near the usual relationship
2026-09-0965.14104.83+0.11near the usual relationship
2026-09-0865.89107.25+0.03near the usual relationship
2026-09-0466.92108.58+0.05near the usual relationship
2026-09-0367.35109.50+0.04near the usual relationship
2026-09-0268.50112.83-0.05near the usual relationship
2026-09-0168.31111.75+0.00near the usual relationship
2026-08-3167.88112.00-0.06near the usual relationship
2026-08-2867.01113.25-0.22near the usual relationship
2026-08-2766.11113.50-0.34near the usual relationship
2026-08-2673.66114.58+0.34near the usual relationship
2026-08-2573.87117.08+0.21near the usual relationship
2026-08-2474.84115.67+0.38near the usual relationship
2026-08-2174.18115.17+0.35near the usual relationship
2026-08-2074.81112.92+0.54HRL ahead
2026-08-1975.83114.58+0.53HRL ahead
2026-08-1875.61113.83+0.55HRL ahead
2026-08-1774.62112.00+0.56HRL ahead
2026-08-1476.23113.75+0.60HRL ahead
2026-08-1375.92111.00+0.73HRL ahead
2026-08-1275.77109.33+0.82HRL ahead
2026-08-1175.49108.50+0.84HRL ahead
2026-08-1076.73111.75+0.75HRL ahead
2026-08-0777.73118.58+0.43near the usual relationship
2026-08-0677.94114.08+0.70HRL ahead
2026-08-0578.38114.17+0.73HRL ahead
2026-08-0478.72113.42+0.80HRL ahead
2026-08-0378.38114.67+0.69HRL ahead
2026-07-3177.69116.83+0.50HRL ahead
2026-07-3078.81119.08+0.46near the usual relationship
2026-07-2980.15118.58+0.59HRL ahead
2026-07-2879.40116.08+0.66HRL ahead
2026-07-2780.93112.92+0.96HRL ahead
2026-07-2478.63102.33+1.40HRL ahead
2026-07-2377.73101.08+1.40HRL ahead
2026-07-2278.32102.08+1.38HRL ahead
2026-07-2178.0199.58+1.51HRL ahead
2026-07-2078.53100.25+1.50HRL ahead
2026-07-1778.8899.25+1.59HRL ahead
2026-07-1679.87100.25+1.60HRL ahead
2026-07-1578.13100.83+1.42HRL ahead
2026-07-1477.0798.58+1.47HRL ahead
2026-07-1375.9998.33+1.38HRL ahead
2026-07-1076.8399.25+1.38HRL ahead
2026-07-0975.5897.75+1.37HRL ahead
2026-07-0876.2398.50+1.37HRL ahead
2026-07-0776.73101.58+1.21HRL ahead
2026-07-0675.43101.08+1.13HRL ahead
2026-07-0277.66102.17+1.24HRL ahead
2026-07-0177.29100.58+1.31HRL ahead
2026-06-3077.1098.75+1.41HRL ahead
2026-06-2981.73101.83+1.58HRL ahead
2026-06-2682.35101.83+1.63HRL ahead
2026-06-2580.83100.25+1.61HRL ahead
2026-06-2479.37101.58+1.41HRL ahead
2026-06-2376.79101.92+1.18HRL ahead
2026-06-2274.9099.33+1.18HRL ahead
2026-06-1875.0599.42+1.18HRL ahead
2026-06-1775.58101.83+1.07HRL ahead
2026-06-1676.58102.50+1.11HRL ahead
2026-06-1576.36101.58+1.14HRL ahead
2026-06-1276.89104.50+1.01HRL ahead
2026-06-1175.92101.67+1.09HRL ahead
2026-06-1075.46100.25+1.13HRL ahead
2026-06-0974.5098.75+1.14HRL ahead
2026-06-0873.4496.83+1.17HRL ahead
2026-06-0573.38102.00+0.85HRL ahead
2026-06-0472.35101.75+0.77HRL ahead
2026-06-0371.8599.00+0.89HRL ahead
2026-06-0272.54101.67+0.78HRL ahead
2026-06-0172.54100.83+0.83HRL ahead
2026-05-2972.17103.92+0.62HRL ahead
2026-05-2873.28107.83+0.49near the usual relationship
2026-05-2765.11110.17-0.33near the usual relationship
2026-05-2664.90108.17-0.25near the usual relationship
2026-05-2265.98110.08-0.26near the usual relationship
2026-05-2165.49110.67-0.34near the usual relationship
2026-05-2064.49107.50-0.26near the usual relationship
2026-05-1963.37104.08-0.18near the usual relationship
2026-05-1863.31107.17-0.36near the usual relationship
2026-05-1561.32112.33-0.82JBS ahead
2026-05-1462.13116.50-0.96JBS ahead
2026-05-1361.85122.42-1.28JBS ahead
2026-05-1262.69127.25-1.44JBS ahead
2026-05-1162.63129.92-1.58JBS ahead
2026-05-0863.50134.25-1.70JBS ahead
2026-05-0764.46136.00-1.71JBS ahead
2026-05-0664.31139.08-1.87JBS ahead
2026-05-0565.02135.33-1.67JBS ahead
2026-05-0464.18132.58-1.64JBS ahead
2026-05-0166.26134.00-1.53JBS ahead
2026-04-3066.70133.83-1.49JBS ahead
2026-04-2964.80130.75-1.54JBS ahead
2026-04-2866.20134.58-1.60JBS ahead
2026-04-2766.70135.67-1.62JBS ahead
2026-04-2466.95138.50-1.74JBS ahead
2026-04-2367.60140.50-1.79JBS ahead
2026-04-2266.57145.67-2.13JBS ahead
2026-04-2166.01147.67-2.30JBS ahead
2026-04-2066.26145.83-2.23JBS ahead
2026-04-1765.83147.58-2.38JBS ahead
2026-04-1664.93149.17-2.57JBS ahead
2026-04-1564.18147.92-2.63JBS ahead
2026-04-1464.49150.58-2.77JBS ahead
2026-04-1363.62147.92-2.79JBS ahead
2026-04-1064.83152.67-2.93JBS ahead
2026-04-0965.64153.50-2.94JBS ahead
2026-04-0867.23151.50-2.73JBS ahead
2026-04-0766.64146.25-2.59JBS ahead
2026-04-0667.91149.00-2.63JBS ahead
2026-04-0268.62147.92-2.55JBS ahead
2026-04-0168.44151.00-2.76JBS ahead
2026-03-3170.36149.67-2.54JBS ahead
2026-03-3071.51144.50-2.20JBS ahead
2026-03-2771.67141.92-2.08JBS ahead
2026-03-2670.98138.67-2.00JBS ahead
2026-03-2571.61131.25-1.55JBS ahead
2026-03-2470.36127.83-1.50JBS ahead
2026-03-2369.65125.58-1.45JBS ahead
2026-03-2068.78118.75-1.14JBS ahead
2026-03-1969.49125.25-1.47JBS ahead
2026-03-1870.55124.42-1.31JBS ahead
2026-03-1771.20128.08-1.46JBS ahead
2026-03-1670.49127.42-1.50JBS ahead
2026-03-1370.33125.67-1.42JBS ahead
2026-03-1270.52125.92-1.41JBS ahead
2026-03-1171.54126.75-1.36JBS ahead
2026-03-1072.51129.50-1.42JBS ahead
2026-03-0974.18130.17-1.30JBS ahead
2026-03-0675.86129.33-1.10JBS ahead
2026-03-0575.15130.42-1.23JBS ahead
2026-03-0475.92136.08-1.44JBS ahead
2026-03-0376.42134.83-1.35JBS ahead
2026-03-0277.10140.75-1.58JBS ahead
2026-02-2779.53140.75-1.38JBS ahead
2026-02-2677.10138.58-1.49JBS ahead
2026-02-2578.63136.75-1.28JBS ahead
2026-02-2480.15137.67-1.20JBS ahead
2026-02-2378.16134.50-1.22JBS ahead
2026-02-2077.63135.75-1.33JBS ahead
2026-02-1976.27134.83-1.41JBS ahead
2026-02-1876.05133.42-1.37JBS ahead
2026-02-1772.82134.42-1.71JBS ahead
2026-02-1373.87133.33-1.58JBS ahead
2026-02-1272.82131.83-1.61JBS ahead
2026-02-1174.40135.33-1.65JBS ahead
2026-02-1075.49134.58-1.54JBS ahead
2026-02-0975.83134.58-1.52JBS ahead
2026-02-0677.45131.83-1.27JBS ahead
2026-02-0577.94131.08-1.20JBS ahead
2026-02-0478.60132.17-1.21JBS ahead
2026-02-0376.48133.08-1.43JBS ahead
2026-02-0275.99131.00-1.38JBS ahead
2026-01-3076.45131.25-1.37JBS ahead
2026-01-2975.92130.92-1.40JBS ahead
2026-01-2876.42128.83-1.27JBS ahead
2026-01-2778.29130.00-1.18JBS ahead
2026-01-2677.20129.42-1.25JBS ahead
2026-01-2376.42130.25-1.36JBS ahead
2026-01-2275.68128.83-1.36JBS ahead
2026-01-2175.89127.17-1.27JBS ahead
2026-01-2076.30127.58-1.26JBS ahead
2026-01-1675.24122.25-1.10JBS ahead
2026-01-1576.79125.75-1.15JBS ahead
2026-01-1476.08122.75-1.07JBS ahead
2026-01-1373.00120.25-1.20JBS ahead
2026-01-1270.98119.25-1.33JBS ahead
2026-01-0972.17116.25-1.09JBS ahead
2026-01-0871.05114.50-1.10JBS ahead
2026-01-0769.40113.08-1.17JBS ahead
2026-01-0670.98112.17-1.00JBS ahead
2026-01-0571.33116.42-1.20JBS ahead
2026-01-0272.66118.17-1.18JBS ahead
2025-12-3173.63120.17-1.21JBS ahead
2025-12-3074.50120.75-1.18JBS ahead
2025-12-2975.09121.17-1.16JBS ahead
2025-12-2675.37121.33-1.16JBS ahead
2025-12-2475.64121.25-1.14JBS ahead
2025-12-2374.84121.17-1.21JBS ahead
2025-12-2274.93120.58-1.18JBS ahead
2025-12-1973.53120.83-1.32JBS ahead
2025-12-1874.56119.33-1.17JBS ahead
2025-12-1774.53117.67-1.10JBS ahead
2025-12-1673.50119.50-1.28JBS ahead
2025-12-1574.56118.58-1.16JBS ahead
2025-12-1274.71120.00-1.23JBS ahead
2025-12-1173.66117.92-1.22JBS ahead
2025-12-1073.75116.92-1.17JBS ahead
2025-12-0973.41115.50-1.14JBS ahead
2025-12-0874.09116.50-1.14JBS ahead
2025-12-0575.61119.58-1.18JBS ahead
2025-12-0475.05124.75-1.49JBS ahead
2025-12-0372.29123.00-1.64JBS ahead
2025-12-0271.73122.83-1.69JBS ahead
2025-12-0172.38123.92-1.70JBS ahead
2025-11-2872.10122.42-1.67JBS ahead
2025-11-2672.17122.67-1.70JBS ahead
2025-11-2571.39121.08-1.70JBS ahead
2025-11-2470.21119.17-1.72JBS ahead
2025-11-2170.49114.42-1.47JBS ahead
2025-11-2069.34113.58-1.54JBS ahead
2025-11-1968.93113.83-1.60JBS ahead
2025-11-1869.34115.00-1.64JBS ahead
2025-11-1769.21115.50-1.70JBS ahead
2025-11-1470.33110.50-1.34JBS ahead
2025-11-1370.39109.50-1.29JBS ahead
2025-11-1269.18109.67-1.42JBS ahead
2025-11-1169.93110.33-1.41JBS ahead
2025-11-1068.81109.17-1.45JBS ahead
2025-11-0768.44108.08-1.44JBS ahead
2025-11-0667.47112.17-1.77JBS ahead
2025-11-0566.95112.75-1.87JBS ahead
2025-11-0467.04111.58-1.82JBS ahead
2025-11-0366.73111.92-1.89JBS ahead
2025-10-3167.07110.08-1.77JBS ahead
2025-10-3066.14108.75-1.80JBS ahead
2025-10-2966.76108.50-1.74JBS ahead
2025-10-2873.47110.08-1.24JBS ahead
2025-10-2773.75107.50-1.07JBS ahead
2025-10-2474.03105.75-0.95JBS ahead
2025-10-2373.84107.50-1.08JBS ahead
2025-10-2275.02109.17-1.09JBS ahead
2025-10-2174.81107.17-0.99JBS ahead
2025-10-2074.43109.00-1.14JBS ahead
2025-10-1774.65108.58-1.11JBS ahead
2025-10-1673.78106.08-1.04JBS ahead
2025-10-1573.47106.75-1.12JBS ahead
2025-10-1474.31106.33-1.03JBS ahead
2025-10-1373.16104.42-1.02JBS ahead
2025-10-1073.72105.33-1.04JBS ahead
2025-10-0973.84105.33-1.03JBS ahead
2025-10-0874.22107.08-1.11JBS ahead
2025-10-0774.56110.42-1.29JBS ahead
2025-10-0675.52113.08-1.37JBS ahead
2025-10-0376.55119.58-1.65JBS ahead
2025-10-0276.61122.50-1.82JBS ahead
2025-10-0177.04123.08-1.83JBS ahead
2025-09-3076.86124.42-1.94JBS ahead
2025-09-2976.55125.33-2.03JBS ahead
2025-09-2676.79121.92-1.85JBS ahead
2025-09-2575.83122.67-2.00JBS ahead
2025-09-2476.76126.08-2.12JBS ahead
2025-09-2375.92126.50-2.25JBS ahead
2025-09-2275.52127.50-2.37JBS ahead
2025-09-1977.10127.00-2.23JBS ahead
2025-09-1877.54129.33-2.35JBS ahead
2025-09-1777.32130.00-2.44JBS ahead
2025-09-1677.73131.17-2.50JBS ahead
2025-09-1576.83131.92-2.67JBS ahead
2025-09-1277.91131.50-2.59JBS ahead
2025-09-1178.97132.17-2.57JBS ahead
2025-09-1077.57130.92-2.68JBS ahead
2025-09-0979.28129.83-2.50JBS ahead
2025-09-0879.22130.92-2.61JBS ahead
2025-09-0579.71133.92-2.78JBS ahead
2025-09-0478.41132.17-2.86JBS ahead
2025-09-0378.75132.75-2.92JBS ahead
2025-09-0277.76134.25-3.18JBS ahead
2025-08-2979.03135.08-3.17JBS ahead
2025-08-2878.35136.08-3.39JBS ahead
2025-08-2790.15137.75-2.38JBS ahead
2025-08-2689.34133.25-2.21JBS ahead
2025-08-2589.69130.42-2.03JBS ahead
2025-08-2290.87128.08-1.79JBS ahead
2025-08-2189.81127.83-1.89JBS ahead
2025-08-2088.97125.58-1.84JBS ahead
2025-08-1988.26125.75-1.94JBS ahead
2025-08-1887.85124.58-1.92JBS ahead
2025-08-1588.47119.17-1.49JBS ahead
2025-08-1487.92115.75-1.30JBS ahead
2025-08-1390.00121.25-1.52JBS ahead
2025-08-1289.34119.83-1.49JBS ahead
2025-08-1188.79117.83-1.41JBS ahead
2025-08-0888.47119.08-1.54JBS ahead
2025-08-0788.69117.00-1.38JBS ahead
2025-08-0687.79115.17-1.34JBS ahead
2025-08-0587.92116.00-1.40JBS ahead
2025-08-0487.67116.08-1.44JBS ahead
2025-08-0187.36114.42-1.36JBS ahead
2025-07-3187.26115.00-1.43JBS ahead
2025-07-3087.88111.67-1.12JBS ahead
2025-07-2989.16113.00-1.10JBS ahead
2025-07-2888.69112.25-1.10JBS ahead
2025-07-2590.84111.50-0.84JBS ahead
2025-07-2491.02111.00-0.79JBS ahead
2025-07-2391.71112.00-0.81JBS ahead
2025-07-2291.49109.92-0.67JBS ahead
2025-07-2189.75108.75-0.75JBS ahead
2025-07-1890.53109.92-0.77JBS ahead
2025-07-1792.20112.67-0.84JBS ahead
2025-07-1692.92112.25-0.74JBS ahead
2025-07-1590.74108.17-0.63JBS ahead
2025-07-1492.48108.58-0.51JBS ahead
2025-07-1194.78113.00-0.65JBS ahead
2025-07-1097.98111.08-0.22near the usual relationship
2025-07-0997.14110.08-0.22near the usual relationship
2025-07-0896.61112.17-0.43near the usual relationship
2025-07-0794.78114.75-0.79JBS ahead
2025-07-0394.66118.17-1.06JBS ahead
2025-07-0295.71116.00-0.82JBS ahead
2025-07-0195.37118.42-1.03JBS ahead
2025-06-3093.97121.75-1.41JBS ahead
2025-06-2794.66122.92-1.44JBS ahead
2025-06-2693.97123.00-1.52JBS ahead
2025-06-2592.70115.58-1.11JBS ahead
2025-06-2494.44115.08-0.92JBS ahead
2025-06-2395.84111.67-0.54JBS ahead
2025-06-2094.47113.17-0.78JBS ahead
2025-06-1893.69113.83-0.91JBS ahead
2025-06-1793.38116.67-1.16JBS ahead
2025-06-1694.07120.83-1.41JBS ahead
2025-06-1395.00115.58-0.95JBS ahead
2025-06-1296.46120.33-1.18JBS ahead
2025-06-1196.09120.33-1.22JBS ahead
2025-06-1096.77120.33-1.17JBS ahead
2025-06-0996.89117.08-0.93JBS ahead
2025-06-0695.25118.92-1.22JBS ahead
2025-06-0595.40115.92-0.99JBS ahead
2025-06-0495.37114.33-0.89JBS ahead
2025-06-0395.84116.08-0.98JBS ahead
2025-06-0295.84118.33-1.15JBS ahead
2025-05-3095.31117.92-1.18JBS ahead
2025-05-2994.38120.83-1.48JBS ahead
2025-05-2893.32119.50-1.49JBS ahead
2025-05-2793.82119.42-1.45JBS ahead
2025-05-2391.46124.58-2.04JBS ahead
2025-05-2291.49125.58-2.12JBS ahead
2025-05-2191.39126.08-2.18JBS ahead
2025-05-2093.63125.42-1.95JBS ahead
2025-05-1993.57119.58-1.55JBS ahead
2025-05-1694.84114.33-1.06JBS ahead
2025-05-1593.69118.58-1.46JBS ahead
2025-05-1490.59117.67-1.67JBS ahead
2025-05-1390.93123.08-2.00JBS ahead
2025-05-1291.80122.58-1.89JBS ahead
2025-05-0990.74125.17-2.15JBS ahead
2025-05-0891.30125.58-2.14JBS ahead
2025-05-0790.43125.00-2.18JBS ahead
2025-05-0690.56124.67-2.15JBS ahead
2025-05-0590.74124.58-2.13JBS ahead
2025-05-0291.05127.75-2.29JBS ahead
2025-05-0191.30132.58-2.56JBS ahead
2025-04-3092.89134.83-2.56JBS ahead
2025-04-2991.99134.17-2.60JBS ahead
2025-04-2891.71139.21-2.90JBS ahead
2025-04-2592.26139.17-2.87JBS ahead
2025-04-2493.79137.00-2.64JBS ahead
2025-04-2395.71138.33-2.57JBS ahead
2025-04-2295.40130.50-2.18JBS ahead
2025-04-2194.44125.83-1.99JBS ahead
2025-04-1795.00125.17-1.91JBS ahead
2025-04-1693.76125.83-2.05JBS ahead
2025-04-1594.38125.00-1.97JBS ahead
2025-04-1494.91121.00-1.70JBS ahead
2025-04-1194.16119.08-1.65JBS ahead
2025-04-1091.67117.08-1.72JBS ahead
2025-04-0992.30117.83-1.72JBS ahead
2025-04-0891.08112.58-1.50JBS ahead
2025-04-0793.32114.50-1.46JBS ahead
2025-04-0495.50118.33-1.52JBS ahead
2025-04-0397.67121.08-1.53JBS ahead
2025-04-0295.12121.33-1.71JBS ahead
2025-04-0195.50121.83-1.72JBS ahead
2025-03-3196.12119.50-1.56JBS ahead
2025-03-2894.32120.58-1.75JBS ahead
2025-03-2794.19120.92-1.79JBS ahead
2025-03-2691.89114.33-1.60JBS ahead
2025-03-2589.50118.25-2.00JBS ahead
2025-03-2490.90117.67-1.88JBS ahead
2025-03-2193.13121.75-1.96JBS ahead
2025-03-2092.20120.67-1.99JBS ahead
2025-03-1992.48115.42-1.70JBS ahead
2025-03-1893.01113.46-1.57JBS ahead
2025-03-1793.0796.17-0.54JBS ahead
2025-03-1491.7796.17-0.63JBS ahead
2025-03-1391.6194.17-0.52JBS ahead
2025-03-1290.7794.50-0.60JBS ahead
2025-03-1192.9591.67-0.28near the usual relationship
2025-03-1094.0491.25-0.18near the usual relationship
2025-03-0793.0191.83-0.29near the usual relationship
2025-03-0690.0988.67-0.28near the usual relationship
2025-03-0589.3492.42-0.59JBS ahead
2025-03-0489.7885.75-0.12near the usual relationship
2025-03-0391.5890.50-0.32near the usual relationship
2025-02-2888.9497.92-0.97JBS ahead
2025-02-2788.1689.58-0.50JBS ahead
2025-02-2689.2588.75-0.38near the usual relationship
2025-02-2591.3989.83-0.32near the usual relationship
2025-02-2490.8089.25-0.32near the usual relationship
2025-02-2192.1192.33-0.44near the usual relationship
2025-02-2089.6291.08-0.52JBS ahead
2025-02-1988.7292.75-0.70JBS ahead
2025-02-1887.8899.87-1.19JBS ahead
2025-02-1488.4198.79-1.10JBS ahead
2025-02-1388.6693.33-0.76JBS ahead
2025-02-1288.6396.29-0.95JBS ahead
2025-02-1190.09100.61-1.12JBS ahead
2025-02-1089.69100.92-1.18JBS ahead
2025-02-0790.7197.92-0.94JBS ahead
2025-02-0690.65101.67-1.17JBS ahead
2025-02-0590.9398.92-1.00JBS ahead
2025-02-0491.3097.92-0.92JBS ahead
2025-02-0391.95101.75-1.12JBS ahead
2025-01-3193.13101.33-1.03JBS ahead
2025-01-3094.5399.33-0.82JBS ahead
2025-01-2993.7698.75-0.84JBS ahead
2025-01-2894.6398.17-0.76JBS ahead
2025-01-2797.7098.04-0.56JBS ahead
2025-01-2495.9395.25-0.50JBS ahead
2025-01-2395.8795.92-0.55JBS ahead
2025-01-2294.2893.90-0.53JBS ahead
2025-01-2195.8791.42-0.27near the usual relationship
2025-01-1792.9892.83-0.55JBS ahead
2025-01-1692.8591.67-0.49near the usual relationship
2025-01-1591.95101.58-1.17JBS ahead
2025-01-1493.2395.17-0.70JBS ahead
2025-01-1394.0094.58-0.62JBS ahead
2025-01-1093.3596.42-0.78JBS ahead
2025-01-0894.5697.42-0.77JBS ahead
2025-01-0793.6396.58-0.79JBS ahead
2025-01-0695.3199.00-0.83JBS ahead
2025-01-0397.4298.75-0.69JBS ahead
2025-01-0297.92100.67-0.78JBS ahead
2024-12-3197.4599.00-0.72JBS ahead
2024-12-3096.9298.42-0.72JBS ahead
2024-12-2798.9498.30-0.59JBS ahead
2024-12-2698.42100.58-0.77JBS ahead
2024-12-2498.20102.83-0.92JBS ahead
2024-12-2398.01100.17-0.78JBS ahead
2024-12-2098.42109.42-1.30JBS ahead
2024-12-1998.11103.92-1.01JBS ahead
2024-12-1899.10102.42-0.87JBS ahead
2024-12-1799.88110.08-1.27JBS ahead
2024-12-16100.47106.83-1.06JBS ahead
2024-12-13102.33105.17-0.86JBS ahead
2024-12-12102.64104.92-0.83JBS ahead
2024-12-11102.92112.42-1.25JBS ahead
2024-12-10104.22105.42-0.78JBS ahead
2024-12-09103.08108.08-1.01JBS ahead
2024-12-06100.87107.42-1.11JBS ahead
2024-12-05102.08108.17-1.09JBS ahead
2024-12-0499.38107.67-1.24JBS ahead
2024-12-0398.85106.15-1.19JBS ahead
2024-12-0299.84105.00-1.07JBS ahead
2024-11-29100.75102.50-0.87JBS ahead
2024-11-2799.1699.33-0.78JBS ahead
2024-11-2698.23100.67-0.93JBS ahead
2024-11-2597.64101.58-1.03JBS ahead
2024-11-2295.28102.54-1.25JBS ahead
2024-11-2194.75100.00-1.14JBS ahead
2024-11-2093.88100.75-1.25JBS ahead
2024-11-1992.36101.17-1.39JBS ahead
2024-11-1891.33101.58-1.50JBS ahead
2024-11-1590.74102.17-1.59JBS ahead
2024-11-1494.47100.92-1.27JBS ahead
2024-11-1394.41101.68-1.33JBS ahead
2024-11-1294.41102.75-1.41JBS ahead
2024-11-1194.32100.67-1.30JBS ahead
2024-11-0894.19101.34-1.36JBS ahead
2024-11-0794.04105.42-1.63JBS ahead
2024-11-0695.43108.25-1.72JBS ahead
2024-11-0596.61104.17-1.41JBS ahead
2024-11-0495.50103.08-1.43JBS ahead
2024-11-0196.0599.83-1.20JBS ahead
2024-10-3194.91101.42-1.39JBS ahead
2024-10-3095.12105.25-1.62JBS ahead
2024-10-2995.34104.75-1.59JBS ahead
2024-10-2896.12104.75-1.55JBS ahead
2024-10-2596.49101.75-1.35JBS ahead
2024-10-2496.58100.25-1.26JBS ahead
2024-10-2396.89101.08-1.30JBS ahead
2024-10-2296.58103.33-1.47JBS ahead
2024-10-2197.30100.83-1.28JBS ahead
2024-10-18100.00100.00-1.06JBS 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%).

Paired trades

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.

The companies

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.

Related
All pairs →
PairStatusAhead nowIndustry
TSN / JBSWatchlistTSN by 1.13 sdMeat/Poultry/Fish
TSN / HRLWatchlistTSN by 0.41 sdMeat/Poultry/Fish

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Paper 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.