Hanover Bancorp Stock Market Value
| HNVR Stock | USD 22.10 0.03 0.14% |
| 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 0.02 | Dividend Share 0.4 | Earnings Share 1.66 | Revenue Per Share | Quarterly Revenue Growth 0.12 |
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.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Hanover Bancorp on December 14, 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, Lake Shore, Magyar Bancorp, and Community West. 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.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.98 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.55 |
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 | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | 0.1676 | |||
| Treynor Ratio | (0.41) |
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 holds Efficiency (Sharpe) Ratio of -0.0858, which attests that the entity had a -0.0858 % return per unit of risk over the last 3 months. Hanover Bancorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hanover Bancorp's Risk Adjusted Performance of (0.05), standard deviation of 2.24, and Market Risk Adjusted Performance of (0.40) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.42, 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. At this point, Hanover Bancorp has a negative expected return of -0.2%. Please make sure to check out Hanover Bancorp's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Hanover Bancorp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Hanover Bancorp has poor reverse predictability. Overlapping area represents the amount of predictability between Hanover Bancorp time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 2025. 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 -0.37 indicates that just about 37.0% of current Hanover Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
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 |
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.