Hanover Retained Earnings Total Equity from 2010 to 2024

HNVR Stock  USD 23.74  1.73  6.79%   
Hanover Bancorp Retained Earnings Total Equity yearly trend continues to be relatively stable with very little volatility. Retained Earnings Total Equity is likely to drop to about 37.2 M. Retained Earnings Total Equity is the portion of total equity that consists of earnings retained by the company, reinvested in its core business or used to pay debt. View All Fundamentals
 
Retained Earnings Total Equity  
First Reported
2010-12-31
Previous Quarter
41.8 M
Current Value
37.2 M
Quarterly Volatility
2.6 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Hanover Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hanover Bancorp's main balance sheet or income statement drivers, such as Interest Expense of 61 M, Other Operating Expenses of 13 M or Net Income Applicable To Common Shares of 28.4 M, as well as many indicators such as Price To Sales Ratio of 1.82, Dividend Yield of 0.0162 or PTB Ratio of 1.23. Hanover financial statements analysis is a perfect complement when working with Hanover Bancorp Valuation or Volatility modules.
  
Check out the analysis of Hanover Bancorp Correlation against competitors.
To learn how to invest in Hanover Stock, please use our How to Invest in Hanover Bancorp guide.

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

  0.79AX Axos FinancialPairCorr
  0.82BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.79PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr

Moving against Hanover Stock

  0.87CFG-PE Citizens FinancialPairCorr
  0.84TFC-PO Truist FinancialPairCorr
  0.83TFC-PR Truist FinancialPairCorr
  0.69NU Nu HoldingsPairCorr
  0.59WF Woori Financial GroupPairCorr
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 CorrelationCorrelation 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.