Hanover Foods Stock Analysis

Hanover Pink Sheet Analysis Notes

The company recorded earning per share (EPS) of 15.73. 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.The quote for Hanover Foods is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To learn more about Hanover Foods call John Warehime at 717-632-6000 or check out https://www.hanoverfoods.com.

Hanover Foods Thematic Classifications

Hanover Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 56.97 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hanover Foods's market, we take the total number of its shares issued and multiply it by Hanover Foods's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Hanover Profitablity

The company has Profit Margin (PM) of 0.04 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.06 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.06.

Technical Drivers

As of the 20th of April, Hanover Foods retains the Risk Adjusted Performance of (0.03), mean deviation of 0.0131, and Variance of 0.0029. Hanover Foods technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We are able to interpolate and collect eight technical drivers for Hanover Foods, which can be compared to its competitors. Please check out Hanover Foods mean deviation, total risk alpha, as well as the relationship between the Total Risk Alpha and kurtosis to decide if Hanover Foods is priced fairly, providing market reflects its last-minute price of 61.72 per share. Given that Hanover Foods has total risk alpha of (0.01), we strongly advise you to confirm Hanover Foods's regular market performance to make sure the company can sustain itself at a future point.

Hanover Foods Price Movement Analysis

Hanover Foods Predictive Daily Indicators

Hanover Foods Forecast Models

Hanover Foods' time-series forecasting models are one of many Hanover Foods' pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Hanover Foods' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Hanover Foods prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Hanover shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as Hanover Foods. By using and applying Hanover Pink Sheet analysis, traders can create a robust methodology for identifying Hanover entry and exit points for their positions.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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.