Hovnanian Financial Statements From 2010 to 2024
| HOVNP Preferred Stock | USD 17.68 0.14 0.80% |
Check Hovnanian Enterprises financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hovnanian Enterprises' main balance sheet or income statement drivers, such as , as well as many indicators such as . Hovnanian financial statements analysis is a perfect complement when working with Hovnanian Enterprises Valuation or Volatility modules.
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About Hovnanian Enterprises Financial Statements
Hovnanian Enterprises shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Hovnanian Enterprises investors may analyze each financial statement separately, they are all interrelated. The changes in Hovnanian Enterprises' assets and liabilities, for example, are also reflected in the revenues and expenses on on Hovnanian Enterprises' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. The company was founded in 1959 and is headquartered in Red Bank, New Jersey. Hovnanian Enterprises operates under Residential Construction classification in USA and is traded on NASDAQ General Markets. It employs 1905 people.
Pair Trading with Hovnanian Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hovnanian Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hovnanian Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving against Hovnanian Preferred Stock
| 0.5 | F-PC | Ford Motor | PairCorr |
| 0.48 | WPRT | Westport Fuel Systems | PairCorr |
| 0.43 | F-PB | Ford Motor | PairCorr |
| 0.4 | EBET | Ebet Inc | PairCorr |
| 0.31 | TFRFF | Tefron | PairCorr |
The ability to find closely correlated positions to Hovnanian Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hovnanian Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hovnanian Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hovnanian Enterprises PFD to buy it.
The correlation of Hovnanian Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hovnanian Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hovnanian Enterprises PFD moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hovnanian Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Hovnanian Preferred Stock Analysis
When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' 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 Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.