Hanover Historical Cash Flow
| HNVR Stock | USD 23.74 1.73 6.79% |
Analysis of Hanover Bancorp cash flow over time is an excellent tool to project Hanover Bancorp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Depreciation of 4.1 M or Capital Expenditures of 2 M as it is a great indicator of Hanover Bancorp ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Hanover Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hanover Bancorp is a good buy for the upcoming year.
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About Hanover Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Hanover balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Hanover's non-liquid assets can be easily converted into cash.
Hanover Bancorp Cash Flow Chart
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Capital Expenditures
Capital Expenditures are funds used by Hanover Bancorp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Hanover Bancorp operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Hanover Bancorp financial statement analysis. It represents the amount of money remaining after all of Hanover Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from Hanover Bancorp's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts 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 cash flow statement accounts, 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 Depreciation is relatively stable compared to the past year. As of 12/22/2024, Total Cash From Financing Activities is likely to grow to about 341.3 M, while Change In Cash is likely to drop slightly above 29.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 1.1M | 3.4M | 3.9M | 2.0M | Depreciation | 1.7M | 3.4M | 3.9M | 4.1M |
Hanover Bancorp cash flow statement Correlations
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Hanover Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hanover Bancorp cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Investments | (3.7M) | 978K | (370.5M) | (256.4M) | (230.7M) | (219.2M) | |
| Change In Cash | (7.6M) | 86.3M | (16.6M) | 42.7M | 38.4M | 29.8M | |
| Other Cashflows From Financing Activities | 14.6M | 157.7M | 439.5M | 288.6M | 331.9M | 192.5M | |
| Depreciation | 1.3M | 1.5M | 1.7M | 3.4M | 3.9M | 4.1M | |
| Capital Expenditures | 1.1M | 2.1M | 1.1M | 3.4M | 3.9M | 2.0M | |
| Total Cash From Operating Activities | 566K | 13.2M | 25.0M | 16.4M | 18.9M | 13.0M | |
| Net Income | 5.0M | 10.9M | 23.6M | 15.2M | 17.4M | 12.3M | |
| Total Cash From Financing Activities | (898K) | (16.7M) | 332.5M | 282.6M | 325.0M | 341.3M | |
| Other Cashflows From Investing Activities | 1.4M | 64.8M | (2.6M) | (253.3M) | (228.0M) | (216.6M) | |
| Stock Based Compensation | 766K | 901K | 1.7M | 1.9M | 2.2M | 1.2M | |
| Free Cash Flow | (527K) | 11.1M | 23.9M | 16.4M | 18.9M | 12.6M | |
| Change In Working Capital | (6.9M) | 3.4M | 565K | (4.7M) | (4.3M) | (4.0M) | |
| Other Non Cash Items | 166K | (3.8M) | (3.8M) | (5.3M) | (4.7M) | (4.5M) | |
| Change To Account Receivables | (3.5M) | 1.9M | 817K | (2.1M) | (2.4M) | (2.3M) | |
| End Period Cash Flow | 80.2M | 166.5M | 149.9M | 192.6M | 221.5M | 149.0M |
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.