Hanover Foods Stock Today
| HNFSB Stock | USD 61.72 0.00 0.00% |
Performance9 of 100
| Odds Of DistressLess than 9
|
Hanover Foods is trading at 61.72 as of the 24th of April 2024, a No Change since the beginning of the trading day. The stock's open price was 61.72. Hanover Foods has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Hanover Foods are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
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. The company has 781.65 K outstanding shares. More on Hanover Foods
Moving together with Hanover Pink Sheet
| 0.69 | DANOY | Danone PK | PairCorr |
Moving against Hanover Pink Sheet
| 0.76 | NSRGF | Nestle SA | PairCorr |
| 0.59 | GPDNF | Danone SA | PairCorr |
| 0.53 | GRBMF | Grupo Bimbo SAB | PairCorr |
Follow Valuation Odds of Bankruptcy
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Hanover Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hanover Foods' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hanover Foods or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman, CEO and Pres | John Warehime |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Natural Foods, Processed Foods, Packaged Foods, Consumer Defensive (View all Sectors) |
Hanover Foods [HNFSB] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC). 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 Foods classifies itself under Consumer Defensive sector and is part of Packaged Foods industry. The entity has 781.65 K outstanding shares.
Hanover Foods has accumulated about 2.62 M in cash with 15.64 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45.
Check Hanover Foods Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Hanover Foods is currently $56.97 Million. Roughly 100.0 (percent) of Hanover Foods outstanding shares are held by general public with 0.07 pct. by outside corporations. Please note that no matter how profitable the entity is or how many assets it hold, if the real value is less than what market suggests, you will most likely generate negative returns and should consider selling it at some point.
Check Hanover Ownership Details
Hanover Stock Price Odds Analysis
What are Hanover Foods' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Hanover Foods jumping above the current price in 90 days from now is about 29.27%. The Hanover Foods probability density function shows the probability of Hanover Foods pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Hanover Foods has a beta of close to zero. This usually indicates the returns on NYSE COMPOSITE and Hanover Foods do not appear to be sensitive. Additionally, it does not look like Hanover Foods' alpha can have any bearing on the current valuation.
Based on a normal probability distribution, the odds of Hanover Foods to move above the current price in 90 days from now is about 29.27 (This Hanover Foods probability density function shows the probability of Hanover Pink Sheet to fall within a particular range of prices over 90 days) .
Hanover Foods Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Hanover Foods market risk premium is the additional return an investor will receive from holding Hanover Foods long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hanover Foods. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Hanover Foods' alpha and beta are two of the key measurements used to evaluate Hanover Foods' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0131 | |||
| Standard Deviation | 0.0541 | |||
| Variance | 0.0029 | |||
| Risk Adjusted Performance | (0.03) |
Hanover Stock Against Markets
Picking the right benchmark for Hanover Foods pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hanover Foods pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hanover Foods is critical whether you are bullish or bearish towards Hanover Foods at a given time. Please also check how Hanover Foods' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hanover Foods without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Hanover Foods Corporate Directors
Hanover Foods corporate directors refer to members of a Hanover Foods board of directors. The board of directors generally takes responsibility for the Hanover Foods' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Hanover Foods' board members must vote for the resolution. The Hanover Foods board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| James Sturgill | Director | Profile | |
| Clayton Rohrbach | Director | Profile | |
| Jennifer Carter | Director | Profile | |
| Edward Lippy | Director | Profile |
How to buy Hanover Pink Sheet?
Before investing in Hanover Foods, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hanover Foods. To buy Hanover Foods stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hanover Foods. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Hanover Foods stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Hanover Foods stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Hanover Foods stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Hanover Foods, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Hanover Foods?
The danger of trading Hanover Foods is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hanover Foods is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hanover Foods. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hanover Foods is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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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