Hanover Foods Stock Price on March 1, 2022

HNFSB Stock  USD 61.72  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 61.72, as last reported on the 16th of April 2024, with the highest price reaching 61.72 and the lowest price hitting 61.72 during the day. We consider Hanover Foods very steady. Hanover Foods holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% 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 (2.56), risk adjusted performance of (0.03), and Standard Deviation of 0.0541 to validate if the risk estimate we provide is consistent with the expected return of 0.007%.
  
Hanover Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.126

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Based on monthly moving average Hanover Foods is performing at about 9% of its full potential. 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 it to a well-diversified portfolio.

Hanover Foods Valuation on March 1, 2022

It is possible to determine the worth of Hanover Foods on a given historical date. On March 1, 2022 Hanover was worth 55.0 at the beginning of the trading date compared to the closed value of 53.08. 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
04/07/2022
  55.00    55.00    53.08    53.08    100.00  
  55.00    55.00    53.34    53.34    200.00  
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Open Value
55.0
53.08
Closing Value
55.17
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Hanover Foods Trading Date Momentum on March 1, 2022

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

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.
A focus of Hanover Foods technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hanover Foods trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Hanover Foods Period Price Range

Low
April 7, 2022
-1.92  -3.49%
High

 55.00 

     

 53.08 

Hanover Foods April 16, 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.
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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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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Please note, there is a significant difference between Hanover Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover Foods' 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.