Hanover Foods Stock Alpha and Beta Analysis
| HNFSB Stock | USD 61.72 0.00 0.00% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Hanover Foods. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hanover Foods over a specified time horizon. Remember, high Hanover Foods' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Hanover Foods' market risk premium analysis include:
Beta 1.04 | Alpha 0.28 | Risk 2.37 | Sharpe Ratio 0.13 | Expected Return 0.31 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Hanover Foods Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible 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. Alpha and beta are two of the key measurements used to evaluate Hanover Foods' performance over market.| α | 0.28 | β | 1.04 |
Hanover Foods expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Hanover Foods' Buy-and-hold return. Our buy-and-hold chart shows how Hanover Foods performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Hanover Foods Market Price Analysis
Market price analysis 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 understating and applying Hanover Foods pink sheet market price indicators, traders can identify Hanover Foods position entry and exit signals to maximize returns.
Hanover Foods Return and Market Media
The median price of Hanover Foods for the period between Sat, Sep 2, 2023 and Fri, Dec 1, 2023 is 51.73 with a coefficient of variation of 7.02. The daily time series for the period is distributed with a sample standard deviation of 3.75, arithmetic mean of 53.4, and mean deviation of 2.77. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About Hanover Foods Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Hanover or other pink sheets. Alpha measures the amount that position in Hanover Foods has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hanover Foods in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hanover Foods' short interest history, or implied volatility extrapolated from Hanover Foods options trading.
Build Portfolio with Hanover Foods
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Align your risk with return expectations
Check out Hanover Foods Backtesting, Hanover Foods Valuation, Hanover Foods Correlation, Hanover Foods Hype Analysis, Hanover Foods Volatility, Hanover Foods History and analyze Hanover Foods Performance. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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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