Hanover Historical Financial Ratios
| HNVR Stock | USD 23.74 1.73 6.79% |
Hanover Bancorp is recently reporting on over 96 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.23 or Days Sales Outstanding of 55.41 will help investors to properly organize and evaluate Hanover Bancorp financial condition quickly.
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About Hanover Financial Ratios Analysis
Hanover BancorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Hanover Bancorp investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Hanover financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Hanover Bancorp history.
Hanover Bancorp Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Hanover Bancorp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hanover Bancorp sales, a figure that is much harder to manipulate than other Hanover Bancorp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most ratios from Hanover Bancorp's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Hanover Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Hanover Stock, please use our How to Invest in Hanover Bancorp guide.At this time, Hanover Bancorp's Interest Debt Per Share is relatively stable compared to the past year. As of 12/22/2024, Debt To Assets is likely to grow to 0.14, while Days Sales Outstanding is likely to drop 55.41.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.023 | 0.0207 | 0.0162 | Price To Sales Ratio | 2.13 | 1.91 | 1.82 |
Hanover Bancorp fundamentals Correlations
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Hanover Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hanover Bancorp fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 3.1 | 2.19 | 68.33 | 2.13 | 1.91 | 1.82 | |
| Ptb Ratio | 1.23 | 1.13 | 0.8 | 0.67 | 0.69 | 0.79 | |
| Book Value Per Share | 18.65 | 26.24 | 28.46 | 26.4 | 30.36 | 28.85 | |
| Free Cash Flow Yield | (0.005967) | 0.11 | 0.21 | 0.1 | 0.0918 | 0.0781 | |
| Operating Cash Flow Per Share | 0.14 | 2.83 | 4.13 | 2.33 | 2.1 | 1.81 | |
| Stock Based Compensation To Revenue | 0.0269 | 0.02 | 0.99 | 0.0312 | 0.0281 | 0.0267 | |
| Capex To Depreciation | 0.81 | 1.41 | 0.64 | 0.98 | 1.12 | 1.32 | |
| Pb Ratio | 1.23 | 1.13 | 0.8 | 0.67 | 0.69 | 0.79 | |
| Ev To Sales | 3.8 | 2.92 | 54.41 | 2.51 | 2.26 | 2.15 | |
| Roic | 0.0279 | 0.0354 | 0.0974 | 0.0447 | 0.0403 | 0.0322 | |
| Net Income Per Share | 1.19 | 2.32 | 3.88 | 2.15 | 1.94 | 1.44 | |
| Sales General And Administrative To Revenue | 0.42 | 0.36 | 12.55 | 0.0851 | 0.0766 | 0.0727 | |
| Capex To Revenue | 0.0384 | 0.0461 | 0.66 | 0.0569 | 0.0512 | 0.0486 | |
| Cash Per Share | 20.61 | 34.05 | 26.75 | 28.83 | 25.95 | 17.14 | |
| Pocfratio | 156.03 | 7.47 | 4.63 | 7.77 | 8.93 | 8.48 | |
| Interest Coverage | 0.48 | 2.02 | 5.25 | 0.38 | 0.44 | 0.42 | |
| Capex To Operating Cash Flow | 1.93 | 0.16 | 0.0448 | 0.21 | 0.24 | 0.23 | |
| Pfcf Ratio | (167.58) | 8.86 | 4.85 | 9.8 | 8.82 | 9.26 | |
| Income Quality | 0.11 | 1.22 | 1.06 | 1.08 | 0.97 | 0.71 | |
| Roe | 0.0637 | 0.0886 | 0.14 | 0.0816 | 0.0734 | 0.068 | |
| Ev To Operating Cash Flow | 191.24 | 9.96 | 3.69 | 9.18 | 10.56 | 10.03 | |
| Pe Ratio | 17.76 | 9.08 | 4.92 | 8.4 | 9.66 | 16.74 | |
| Return On Tangible Assets | 0.005855 | 0.007426 | 0.0129 | 0.007134 | 0.006421 | 0.005969 | |
| Ev To Free Cash Flow | (205.4) | 11.83 | 3.86 | 11.59 | 10.43 | 10.95 | |
| Earnings Yield | 0.0915 | 0.0563 | 0.11 | 0.2 | 0.12 | 0.0717 | |
| Intangibles To Total Assets | 0.00244 | 0.0157 | 0.0104 | 0.0112 | 0.01 | 0.006636 | |
| Net Debt To E B I T D A | (72.4) | 2.53 | 3.03 | (0.73) | (0.66) | (0.69) | |
| Current Ratio | 248.69 | 130.51 | 177.3 | 0.35 | 0.4 | 0.38 | |
| Tangible Book Value Per Share | 18.15 | 21.24 | 25.3 | 23.0 | 26.45 | 25.13 | |
| Graham Number | 22.33 | 37.04 | 49.87 | 35.77 | 32.19 | 22.52 | |
| Shareholders Equity Per Share | 17.19 | 18.65 | 26.24 | 28.46 | 26.4 | 23.76 | |
| Debt To Equity | 1.61 | 1.28 | 1.5 | 0.73 | 0.85 | 1.65 | |
| Capex Per Share | 0.26 | 0.45 | 0.18 | 0.48 | 0.44 | 0.28 | |
| Graham Net Net | (173.95) | (275.47) | (247.13) | (248.93) | (286.27) | (300.58) | |
| Revenue Per Share | 6.81 | 9.65 | 0.28 | 8.51 | 7.66 | 4.87 | |
| Interest Debt Per Share | 27.03 | 40.93 | 22.01 | 26.58 | 30.57 | 32.25 | |
| Debt To Assets | 0.19 | 0.14 | 0.12 | 0.0687 | 0.0636 | 0.0731 |
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.