Hanover Foods Stock Performance

HNFSB Stock  USD 61.72  0.00  0.00%   
Hanover Foods has a performance score of 9 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0013, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hanover Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanover Foods is expected to be smaller as well. Hanover Foods right now retains a risk of 0.0558%. Please check out Hanover Foods variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Hanover Foods will be following its current trending patterns.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Hanover Foods are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Hanover Foods is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
Total Cashflows From Investing Activities-25.5 M
  

Hanover Foods Relative Risk vs. Return Landscape

If you would invest  6,145  in Hanover Foods on January 18, 2024 and sell it today you would earn a total of  27.00  from holding Hanover Foods or generate 0.44% return on investment over 90 days. Hanover Foods is currently producing 0.0071% returns and takes up 0.0558% volatility of returns over 90 trading days. Put another way, 0% of traded pink sheets are less volatile than Hanover, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
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Assuming the 90 days horizon Hanover Foods is expected to generate 10.76 times less return on investment than the market. But when comparing it to its historical volatility, the company is 11.14 times less risky than the market. It trades about 0.13 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.12 of returns per unit of risk over similar time horizon.

Hanover Foods Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanover Foods' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Hanover Foods, and traders can use it to determine the average amount a Hanover Foods' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.127

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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 Fundamentals Growth

Hanover Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Hanover Foods, and Hanover Foods fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Hanover Pink Sheet performance.

About Hanover Foods Performance

To evaluate Hanover Foods Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Hanover Foods generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Hanover Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Hanover Foods market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Hanover's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about Hanover Foods performance evaluation

Checking the ongoing alerts about Hanover Foods for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Hanover Foods help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Evaluating Hanover Foods' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Hanover Foods' pink sheet performance include:
  • Analyzing Hanover Foods' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Hanover Foods' stock is overvalued or undervalued compared to its peers.
  • Examining Hanover Foods' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Hanover Foods' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hanover Foods' management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Hanover Foods' pink sheet. These opinions can provide insight into Hanover Foods' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Hanover Foods' pink sheet performance is not an exact science, and many factors can impact Hanover Foods' pink sheet market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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.