Hanover House Stock Market Value
| HHSE Stock | USD 0.01 0.0006 6.38% |
| Symbol | Hanover |
Hanover House 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hanover House's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hanover House.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Hanover House on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Hanover House or generate 0.0% return on investment in Hanover House over 30 days. Hannover House, Inc. operates as a media production and distribution company in worldwide More
Hanover House Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hanover House's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hanover House upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.65 | |||
| Information Ratio | 0.13 | |||
| Maximum Drawdown | 59.65 | |||
| Value At Risk | (15.09) | |||
| Potential Upside | 18.75 |
Hanover House Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanover House's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanover House's standard deviation. In reality, there are many statistical measures that can use Hanover House historical prices to predict the future Hanover House's volatility.| Risk Adjusted Performance | 0.1146 | |||
| Jensen Alpha | 1.46 | |||
| Total Risk Alpha | 1.15 | |||
| Sortino Ratio | 0.1137 | |||
| Treynor Ratio | 7.13 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hanover House's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hanover House Backtested Returns
Hanover House is out of control given 3 months investment horizon. Hanover House holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.66% are justified by taking the suggested risk. Use Hanover House Risk Adjusted Performance of 0.1146, downside deviation of 12.65, and Market Risk Adjusted Performance of 7.14 to evaluate company specific risk that cannot be diversified away. Hanover House holds a performance score of 11 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hanover House's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanover House is expected to be smaller as well. Use Hanover House sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Hanover House.
Auto-correlation | -0.27 |
Weak reverse predictability
Hanover House has weak reverse predictability. Overlapping area represents the amount of predictability between Hanover House time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hanover House price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Hanover House price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hanover House lagged returns against current returns
Autocorrelation, which is Hanover House pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hanover House's pink sheet expected returns. We can calculate the autocorrelation of Hanover House returns to help us make a trade decision. For example, suppose you find that Hanover House has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hanover House regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hanover House pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanover House pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanover House pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hanover House Lagged Returns
When evaluating Hanover House's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanover House pink sheet have on its future price. Hanover House autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hanover House autocorrelation shows the relationship between Hanover House pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hanover House.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Hanover Pink Sheet
Hanover House financial ratios help investors to determine whether Hanover Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hanover with respect to the benefits of owning Hanover House security.