Hanover Foods Stock Price on May 28, 2024
| HNFSA Stock | USD 63.00 0.00 0.00% |
If you're considering investing in Hanover Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Hanover Foods stands at 63.00, as last reported on the 25th of December, with the highest price reaching 63.00 and the lowest price hitting 63.00 during the day. At this point, Hanover Foods is very steady. Hanover Foods holds Efficiency (Sharpe) Ratio of 0.0062, which attests that the entity had a 0.0062% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Hanover Foods, which you can use to evaluate the volatility of the firm. Please check out Hanover Foods' Market Risk Adjusted Performance of 0.0018, standard deviation of 1.24, and Risk Adjusted Performance of 0.0084 to validate if the risk estimate we provide is consistent with the expected return of 0.0079%.
Hanover Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Hanover |
Sharpe Ratio = 0.0062
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| Negative Returns | HNFSA |
Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hanover Foods is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hanover Foods by adding Hanover Foods to a well-diversified portfolio.
Hanover Foods Valuation on May 28, 2024
It is possible to determine the worth of Hanover Foods on a given historical date. On May 28, 2024 Hanover was worth 64.72 at the beginning of the trading date compared to the closed value of 64.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hanover Foods pink sheet. Still, in general, we apply an absolute valuation method to find Hanover Foods' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hanover Foods where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hanover Foods' related companies.
| Open | High | Low | Close | Volume | |
| 64.44 | 64.44 | 64.44 | 64.44 | 100.00 | |
05/28/2024 | 64.72 | 64.72 | 64.72 | 64.72 | 1.00 |
| 64.72 | 64.72 | 64.72 | 64.72 | 1.00 |
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Hanover Foods Trading Date Momentum on May 28, 2024
| On May 29 2024 Hanover Foods was traded for 64.72 at the closing time. The highest daily price throughout the period was 64.72 and the lowest price was 64.72 . There was no trading activity during the period 1.0. Lack of trading volume on 05/29/2024 did not cause price change. The trading delta at closing time to current closing price is 0.43% . |
Hanover Foods Fundamentals Correlations and Trends
By evaluating Hanover Foods' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hanover Foods' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hanover financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hanover Foods Pink Sheet history
Hanover Foods investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hanover is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hanover Foods will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hanover Foods stock prices may prove useful in developing a viable investing in Hanover Foods
Hanover Foods Corporation engages in processing, packaging, and selling fresh canned and frozen products. The company was founded in 1924 and is based in Hanover, Pennsylvania. Hanover Foods operates under Packaged Foods classification in the United States and is traded on OTC Exchange. It employs 2205 people.
Hanover Foods Pink Sheet Technical Analysis
Hanover Foods technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
Price Boundaries
Hanover Foods Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
Hanover Foods cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Hanover Foods December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Hanover Foods pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hanover Foods shares will generate the highest return on investment. By undertsting and applying Hanover Foods pink sheet market strength indicators, traders can identify Hanover Foods entry and exit signals to maximize returns
Hanover Foods Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hanover Foods' price direction in advance. Along with the technical and fundamental analysis of Hanover Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hanover to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0084 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.01) |
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Complementary Tools for Hanover Pink Sheet analysis
When running Hanover Foods' price analysis, check to measure Hanover Foods' 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 Foods is operating at the current time. Most of Hanover Foods' value examination focuses on studying past and present price action to predict the probability of Hanover Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Foods' price. Additionally, you may evaluate how the addition of Hanover Foods to your portfolios can decrease your overall portfolio volatility.
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