Hanover Bancorp Stock Market Value
| HNVR Stock | USD 23.74 1.73 6.79% |
| Symbol | Hanover |
Hanover Bancorp Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hanover Bancorp. If investors know Hanover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hanover Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Earnings Share 1.84 | Revenue Per Share 1.103 | Quarterly Revenue Growth 0.123 | Return On Assets 0.0066 |
The market value of Hanover Bancorp is measured differently than its book value, which is the value of Hanover that is recorded on the company's balance sheet. Investors also form their own opinion of Hanover Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Hanover Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hanover Bancorp's market value can be influenced by many factors that don't directly affect Hanover Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hanover Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hanover Bancorp '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 Bancorp's stock 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 Bancorp.
| 09/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Hanover Bancorp on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Hanover Bancorp or generate 0.0% return on investment in Hanover Bancorp over 90 days. Hanover Bancorp is related to or competes with Home Federal, First Northwest, Community West, HomeTrust Bancshares, and Lake Shore. Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and... More
Hanover Bancorp 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 Bancorp's stock 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 Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.1719 | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.87 |
Hanover Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanover Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanover Bancorp's standard deviation. In reality, there are many statistical measures that can use Hanover Bancorp historical prices to predict the future Hanover Bancorp's volatility.| Risk Adjusted Performance | 0.1536 | |||
| Jensen Alpha | 0.4207 | |||
| Total Risk Alpha | 0.3623 | |||
| Sortino Ratio | 0.157 | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hanover Bancorp'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 Bancorp Backtested Returns
Hanover Bancorp appears to be very steady, given 3 months investment horizon. Hanover Bancorp holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hanover Bancorp, which you can use to evaluate the volatility of the firm. Please utilize Hanover Bancorp's Risk Adjusted Performance of 0.1536, market risk adjusted performance of 1.24, and Downside Deviation of 2.59 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hanover Bancorp holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hanover Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanover Bancorp is expected to be smaller as well. Please check Hanover Bancorp's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Hanover Bancorp's current trending patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Hanover Bancorp has good predictability. Overlapping area represents the amount of predictability between Hanover Bancorp time series from 23rd of September 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Bancorp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Hanover Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 3.45 |
Hanover Bancorp lagged returns against current returns
Autocorrelation, which is Hanover Bancorp stock'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 Bancorp's stock expected returns. We can calculate the autocorrelation of Hanover Bancorp returns to help us make a trade decision. For example, suppose you find that Hanover Bancorp has exhibited high autocorrelation historically, and you observe that the stock 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 Bancorp 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 Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanover Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanover Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Hanover Bancorp Lagged Returns
When evaluating Hanover Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanover Bancorp stock have on its future price. Hanover Bancorp 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 Bancorp autocorrelation shows the relationship between Hanover Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Hanover Bancorp.
Regressed Prices |
| Timeline |
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.