HRL vs TPST: Correlation
Hormel Foods (HRL) and Tempest Therapeutics, Inc. (TPST) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and TPST?
Over the past 3 years, HRL and TPST moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.28 over 3. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -5622.8 %².
Among the 35 assets we track against HRL, TPST sits near the bottom by co-movement, at rank #35. Correlation aside, the last 12 months split them widely, with HRL ahead by 67.2 points (-22.8% versus -90.0%). Risk is not evenly split, since TPST carries 30.0 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HRL vs TPST: side by side
| HRL (Hormel Foods) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -22.8% | -90.0% |
| 5-year return | -44.3% | -99.4% |
| Volatility (ann.) | 26.1% | 782.8% |
| Beta vs S&P 500 | 0.07 | 1.97 |
| Max drawdown (3Y) | -44.5% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HRL | TPST |
|---|---|---|
| 2022 | -4.7% | -78.2% |
| 2023 | -27.5% | +282.6% |
| 2024 | +1.2% | -81.0% |
| 2025 | -21.3% | -73.6% |
| 2026 | -6.7% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and TPST good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between HRL and TPST?
The HRL/TPST correlation stands at -0.28 on a 3-year window (1 year: -0.25, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is TPST a good diversifier for HRL?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HRL correlations · TPST correlations
