Hanover Return On Equity from 2010 to 2024
| HNVR Stock | USD 23.74 1.73 6.79% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.0734 | Current Value 0.068 | Quarterly Volatility 0.02292759 |
Check Hanover Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hanover Bancorp's main balance sheet or income statement drivers, such as Interest Expense of 61 M, Other Operating Expenses of 13 M or Net Income Applicable To Common Shares of 28.4 M, as well as many indicators such as Price To Sales Ratio of 1.82, Dividend Yield of 0.0162 or PTB Ratio of 1.23. Hanover financial statements analysis is a perfect complement when working with Hanover Bancorp Valuation or Volatility modules.
Hanover | Return On Equity |
Latest Hanover Bancorp's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Hanover Bancorp over the last few years. Return on Equity is the amount of Hanover Bancorp net income returned as a percentage of Hanover Bancorp equity. Return on equity measures Hanover Bancorp profitability by revealing how much profit Hanover Bancorp generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Hanover Bancorp's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hanover Bancorp's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.078 | 10 Years Trend |
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Return On Equity |
| Timeline |
Hanover Return On Equity Regression Statistics
| Arithmetic Mean | 0.08 | |
| Geometric Mean | 0.07 | |
| Coefficient Of Variation | 30.48 | |
| Mean Deviation | 0.02 | |
| Median | 0.06 | |
| Standard Deviation | 0.02 | |
| Sample Variance | 0.0005 | |
| Range | 0.085 | |
| R-Value | 0.47 | |
| Mean Square Error | 0.0004 | |
| R-Squared | 0.22 | |
| Significance | 0.08 | |
| Slope | 0 | |
| Total Sum of Squares | 0.01 |
Hanover Return On Equity History
About Hanover Bancorp Financial Statements
Hanover Bancorp shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although Hanover Bancorp investors may analyze each financial statement separately, they are all interrelated. The changes in Hanover Bancorp's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hanover Bancorp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.07 | 0.07 |
Pair Trading with Hanover Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hanover Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hanover Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Hanover Stock
| 0.79 | AX | Axos Financial | PairCorr |
| 0.82 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Hanover Stock
| 0.87 | CFG-PE | Citizens Financial | PairCorr |
| 0.84 | TFC-PO | Truist Financial | PairCorr |
| 0.83 | TFC-PR | Truist Financial | PairCorr |
| 0.69 | NU | Nu Holdings | PairCorr |
| 0.59 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Hanover Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanover Bancorp 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 Hanover Bancorp - 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 Hanover Bancorp to buy it.
The correlation of Hanover Bancorp 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 Hanover Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanover Bancorp 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.
Correlation analysis and pair trading evaluation for Hanover Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Hanover Stock Analysis
When running Hanover Bancorp's price analysis, check to measure Hanover Bancorp's 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 Hanover Bancorp is operating at the current time. Most of Hanover Bancorp's value examination focuses on studying past and present price action to predict the probability of Hanover Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Bancorp's price. Additionally, you may evaluate how the addition of Hanover Bancorp to your portfolios can decrease your overall portfolio volatility.