Hanover Net Debt vs Total Revenue Analysis

HNVR Stock

USD 23.74 1.73 6.79%

Hanover Bancorp financial indicator trend analysis is much more than just examining Hanover Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hanover Bancorp is a good investment. Please check the relationship between Hanover Bancorp Net Debt and its Total Revenue accounts. 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.

Net Debt vs Total Revenue

Net Debt vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hanover Bancorp Net Debt account and Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Hanover Bancorp's Net Debt and Total Revenue is -0.62. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Hanover Bancorp, assuming nothing else is changed. The correlation between historical values of Hanover Bancorp's Net Debt and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Hanover Bancorp are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Debt i.e., Hanover Bancorp's Net Debt and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Revenue

Total revenue comprises all receipts Hanover Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Hanover Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/22/2024, Enterprise Value Multiple is likely to grow to 2.71, while Selling General Administrative is likely to drop slightly above 16.5 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.7M	3.5M	4.0M	4.2M
Income Tax Expense	6.9M	5.0M	5.8M	3.8M

Depreciation And Amortization Income Tax Expense

Hanover Bancorp fundamental ratios Correlations

	Total Current Liabilities	Other Liab	Net Tangible Assets	Accounts Payable	Other Assets	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Long Term Debt
Total Current Liabilities		0.3	0.41	-0.26	-0.92	0.61	0.8	-0.14	0.6	0.55	0.66	-0.24	0.53	0.78	0.07	0.56	0.58	0.99	0.91	0.54	0.37	0.65	0.98	0.49	0.56	0.62
Other Liab	0.3		0.94	-0.78	-0.1	0.8	0.78	-0.92	0.81	0.9	0.79	-0.86	0.9	0.69	-0.48	0.89	0.89	0.36	0.64	0.9	0.92	0.85	0.48	0.91	0.9	0.84
Net Tangible Assets	0.41	0.94		-0.8	-0.17	0.69	0.8	-0.77	0.76	0.98	0.83	-0.84	0.99	0.79	-0.57	0.98	0.95	0.43	0.69	0.96	0.94	0.95	0.53	0.98	0.98	0.86
Accounts Payable	-0.26	-0.78	-0.8		0.09	-0.71	-0.72	0.77	-0.67	-0.78	-0.65	0.98	-0.8	-0.54	0.5	-0.78	-0.76	-0.25	-0.59	-0.8	-0.84	-0.71	-0.39	-0.8	-0.78	-0.75
Other Assets	-0.92	-0.1	-0.17	0.09		-0.52	-0.62	0.03	-0.4	-0.31	-0.5	0.07	-0.28	-0.69	-0.35	-0.33	-0.35	-0.91	-0.78	-0.29	-0.1	-0.43	-0.88	-0.22	-0.31	-0.44
Other Current Assets	0.61	0.8	0.69	-0.71	-0.52		0.91	-0.79	0.87	0.75	0.84	-0.77	0.72	0.74	-0.04	0.72	0.79	0.66	0.85	0.79	0.74	0.72	0.76	0.71	0.75	0.88
Total Current Assets	0.8	0.78	0.8	-0.72	-0.62	0.91		-0.68	0.88	0.87	0.86	-0.75	0.86	0.84	-0.27	0.86	0.88	0.82	0.97	0.87	0.79	0.88	0.9	0.85	0.87	0.89
Common Stock	-0.14	-0.92	-0.77	0.77	0.03	-0.79	-0.68		-0.71	-0.7	-0.58	0.87	-0.71	-0.48	0.44	-0.7	-0.68	-0.22	-0.52	-0.71	-0.75	-0.64	-0.35	-0.71	-0.69	-0.67
Property Plant Equipment	0.6	0.81	0.76	-0.67	-0.4	0.87	0.88	-0.71		0.8	0.82	-0.71	0.79	0.74	-0.24	0.77	0.83	0.63	0.8	0.83	0.77	0.8	0.72	0.79	0.81	0.86
Total Assets	0.55	0.9	0.98	-0.78	-0.31	0.75	0.87	-0.7	0.8		0.91	-0.8	1.0	0.86	-0.46	0.99	0.99	0.57	0.78	0.99	0.95	0.98	0.66	0.99	1.0	0.93
Short Long Term Debt Total	0.66	0.79	0.83	-0.65	-0.5	0.84	0.86	-0.58	0.82	0.91		-0.66	0.87	0.92	-0.05	0.88	0.95	0.67	0.81	0.93	0.86	0.89	0.75	0.86	0.91	0.99
Other Current Liab	-0.24	-0.86	-0.84	0.98	0.07	-0.77	-0.75	0.87	-0.71	-0.8	-0.66		-0.81	-0.55	0.51	-0.8	-0.78	-0.25	-0.6	-0.81	-0.86	-0.73	-0.4	-0.82	-0.8	-0.77
Total Stockholder Equity	0.53	0.9	0.99	-0.8	-0.28	0.72	0.86	-0.71	0.79	1.0	0.87	-0.81		0.84	-0.52	0.99	0.98	0.54	0.77	0.98	0.95	0.98	0.63	1.0	1.0	0.9
Property Plant And Equipment Net	0.78	0.69	0.79	-0.54	-0.69	0.74	0.84	-0.48	0.74	0.86	0.92	-0.55	0.84		-0.07	0.87	0.88	0.79	0.87	0.85	0.7	0.92	0.83	0.8	0.86	0.88
Net Debt	0.07	-0.48	-0.57	0.5	-0.35	-0.04	-0.27	0.44	-0.24	-0.46	-0.05	0.51	-0.52	-0.07		-0.49	-0.34	0.06	-0.15	-0.4	-0.48	-0.44	0.02	-0.55	-0.45	-0.14
Retained Earnings	0.56	0.89	0.98	-0.78	-0.33	0.72	0.86	-0.7	0.77	0.99	0.88	-0.8	0.99	0.87	-0.49		0.97	0.57	0.79	0.97	0.92	0.99	0.66	0.98	0.99	0.9
Cash	0.58	0.89	0.95	-0.76	-0.35	0.79	0.88	-0.68	0.83	0.99	0.95	-0.78	0.98	0.88	-0.34	0.97		0.6	0.8	1.0	0.95	0.96	0.68	0.97	0.99	0.97
Non Current Assets Total	0.99	0.36	0.43	-0.25	-0.91	0.66	0.82	-0.22	0.63	0.57	0.67	-0.25	0.54	0.79	0.06	0.57	0.6		0.92	0.55	0.39	0.66	0.99	0.51	0.57	0.64
Non Currrent Assets Other	0.91	0.64	0.69	-0.59	-0.78	0.85	0.97	-0.52	0.8	0.78	0.81	-0.6	0.77	0.87	-0.15	0.79	0.8	0.92		0.78	0.66	0.83	0.97	0.74	0.79	0.83
Cash And Short Term Investments	0.54	0.9	0.96	-0.8	-0.29	0.79	0.87	-0.71	0.83	0.99	0.93	-0.81	0.98	0.85	-0.4	0.97	1.0	0.55	0.78		0.97	0.96	0.65	0.98	0.99	0.96
Good Will	0.37	0.92	0.94	-0.84	-0.1	0.74	0.79	-0.75	0.77	0.95	0.86	-0.86	0.95	0.7	-0.48	0.92	0.95	0.39	0.66	0.97		0.88	0.5	0.97	0.95	0.91
Common Stock Shares Outstanding	0.65	0.85	0.95	-0.71	-0.43	0.72	0.88	-0.64	0.8	0.98	0.89	-0.73	0.98	0.92	-0.44	0.99	0.96	0.66	0.83	0.96	0.88		0.73	0.96	0.98	0.9
Non Current Liabilities Total	0.98	0.48	0.53	-0.39	-0.88	0.76	0.9	-0.35	0.72	0.66	0.75	-0.4	0.63	0.83	0.02	0.66	0.68	0.99	0.97	0.65	0.5	0.73		0.6	0.66	0.73
Other Stockholder Equity	0.49	0.91	0.98	-0.8	-0.22	0.71	0.85	-0.71	0.79	0.99	0.86	-0.82	1.0	0.8	-0.55	0.98	0.97	0.51	0.74	0.98	0.97	0.96	0.6		0.99	0.89
Total Liab	0.56	0.9	0.98	-0.78	-0.31	0.75	0.87	-0.69	0.81	1.0	0.91	-0.8	1.0	0.86	-0.45	0.99	0.99	0.57	0.79	0.99	0.95	0.98	0.66	0.99		0.93
Long Term Debt	0.62	0.84	0.86	-0.75	-0.44	0.88	0.89	-0.67	0.86	0.93	0.99	-0.77	0.9	0.88	-0.14	0.9	0.97	0.64	0.83	0.96	0.91	0.9	0.73	0.89	0.93

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Hanover Bancorp Account Relationship Matchups

Hanover Bancorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	374K	1.3M	915K	1.2B	1.3B	1.4B
Other Liab	10.3M	8.3M	12.0M	13.0M	15.0M	10.7M
Net Tangible Assets	70.5M	76.1M	102.9M	153.4M	176.4M	100.6M
Accounts Payable	374K	1.3M	915K	1.8M	1.6M	1.6M
Other Assets	725.6M	1.3B	1.6B	(208.5M)	(187.6M)	(178.3M)
Other Current Assets	91.6M	180.1M	3.4M	206.8M	237.8M	249.7M
Total Current Assets	93.0M	168.4M	162.2M	403.0M	463.4M	486.6M
Property Plant Equipment	14.4M	14.2M	15.0M	14.5M	16.6M	15.8M
Total Assets	851.6M	1.5B	1.8B	2.1B	2.5B	1.6B
Short Long Term Debt Total	100.1M	184.2M	126.3M	215.4M	247.7M	163.2M
Other Current Liab	(374K)	(1.3M)	(3.4M)	(1.8M)	(1.6M)	(1.6M)
Total Stockholder Equity	78.0M	122.5M	172.6M	185.9M	213.8M	138.8M
Property Plant And Equipment Net	14.2M	15.0M	14.5M	26.3M	30.2M	18.5M
Net Debt	19.9M	32.9M	(23.6M)	22.7M	20.5M	12.8M
Retained Earnings	14.1M	25.0M	46.5M	58.7M	67.5M	33.7M
Cash	80.2M	151.3M	149.9M	192.1M	220.9M	145.5M
Non Current Assets Total	33.0M	54.7M	46.8M	2.0B	2.2B	2.4B
Non Currrent Assets Other	(33.0M)	(3.6M)	(6.0M)	1.9B	2.2B	2.3B
Cash And Short Term Investments	86.2M	159.0M	162.2M	192.6M	221.5M	151.3M
Liabilities And Stockholders Equity	851.6M	1.5B	1.8B	2.1B	2.5B	1.6B
Non Current Liabilities Total	100.1M	184.2M	915K	2.0B	2.3B	2.4B
Other Stockholder Equity	63.7M	97.2M	126.7M	125.5M	144.3M	104.7M
Total Liab	773.6M	1.4B	1.7B	2.0B	2.3B	1.4B
Accumulated Other Comprehensive Income	156K	256K	(620K)	(1.3M)	(1.2M)	(1.1M)

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	Pair Corr
0.82	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.79	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Hanover Stock

0.87	CFG-PE	Citizens Financial	Pair Corr
0.84	TFC-PO	Truist Financial	Pair Corr
0.83	TFC-PR	Truist Financial	Pair Corr
0.69	NU	Nu Holdings	Pair Corr
0.59	WF	Woori Financial Group	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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