Hanover Bancorp Stock Price on May 6, 2024
| HNVR Stock | USD 16.25 0.01 0.06% |
If you're considering investing in Hanover Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hanover Bancorp stands at 16.25, as last reported on the 7th of June, with the highest price reaching 16.25 and the lowest price hitting 16.25 during the day. We consider Hanover Bancorp very steady. Hanover Bancorp holds Efficiency (Sharpe) Ratio of 0.0122, which attests that the entity had a 0.0122% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hanover Bancorp, which you can use to evaluate the volatility of the firm. Please check out Hanover Bancorp's Risk Adjusted Performance of 0.0112, market risk adjusted performance of 0.0394, and Downside Deviation of 1.33 to validate if the risk estimate we provide is consistent with the expected return of 0.0206%.
As of 06/07/2024, Capital Stock is likely to grow to about 3.7 M, while Common Stock is likely to drop slightly above 61.6 K. . At this time, Hanover Bancorp's Price Earnings Ratio is relatively stable compared to the past year. As of 06/07/2024, Price Book Value Ratio is likely to grow to 0.99, while Price Earnings To Growth Ratio is likely to drop (0.18). Hanover Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hanover |
Sharpe Ratio = 0.0122
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| Negative Returns | HNVR |
Estimated Market Risk
| 1.69 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.02 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 Bancorp 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 Bancorp by adding Hanover Bancorp to a well-diversified portfolio.
Price Book 0.5565 | Price Sales 1.6912 | Shares Float 4.4 M | Dividend Share 0.4 | Wall Street Target Price 18.5 |
Hanover Bancorp Valuation on May 6, 2024
It is possible to determine the worth of Hanover Bancorp on a given historical date. On May 6, 2024 Hanover was worth 16.33 at the beginning of the trading date compared to the closed value of 16.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hanover Bancorp stock. Still, in general, we apply an absolute valuation method to find Hanover Bancorp's 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 Bancorp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hanover Bancorp's related companies.
| Open | High | Low | Close | Volume | |
| 16.40 | 16.57 | 16.40 | 16.51 | 6,900 | |
05/06/2024 | 16.33 | 16.65 | 15.17 | 16.41 | 14,210 |
| 16.32 | 16.63 | 16.32 | 16.63 | 6,603 |
| Backtest Hanover Bancorp | | | Hanover Bancorp History | | | Hanover Bancorp Valuation | Previous | Next |
Hanover Bancorp Trading Date Momentum on May 6, 2024
| On May 07 2024 Hanover Bancorp was traded for 16.63 at the closing time. The top price for the day was 16.63 and the lowest listed price was 16.32 . The trading volume for the day was 6.6 K. The trading history from May 7, 2024 was a factor to the next trading day price gain. The trading delta at closing time against the next closing price was 1.34% . The trading delta at closing time against the current closing price is 1.34% . |
Hanover Bancorp Fundamentals Correlations and Trends
By evaluating Hanover Bancorp's 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 Bancorp's 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 Bancorp Stock history
Hanover Bancorp 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 Bancorp 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 Bancorp stock prices may prove useful in developing a viable investing in Hanover Bancorp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 8.2 M | 5.8 M | |
| Net Income Applicable To Common Shares | 27.1 M | 28.4 M |
Hanover Bancorp Stock Technical Analysis
Hanover Bancorp technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Hanover Bancorp Period Price Range
Low | May 6, 2024
| High |
16.33 | 16.41 |
Hanover Bancorp June 7, 2024 Market Strength
Market strength indicators help investors to evaluate how Hanover Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hanover Bancorp shares will generate the highest return on investment. By undertsting and applying Hanover Bancorp stock market strength indicators, traders can identify Hanover Bancorp entry and exit signals to maximize returns
Hanover Bancorp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hanover Bancorp's price direction in advance. Along with the technical and fundamental analysis of Hanover Stock 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 | 0.0112 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0294 |
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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.