Cnb Financial Preferred Stock Market Value
| CCNEP Preferred Stock | USD 24.95 0.08 0.32% |
| Symbol | CNB |
CNB Financial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CNB Financial's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CNB Financial.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CNB Financial on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CNB Financial or generate 0.0% return on investment in CNB Financial over 30 days. CNB Financial is related to or competes with Capital One, Capital One, and Bank of America. CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products an... More
CNB Financial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CNB Financial's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CNB Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 2.66 |
CNB Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNB Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CNB Financial's standard deviation. In reality, there are many statistical measures that can use CNB Financial historical prices to predict the future CNB Financial's volatility.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.1407 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0174 | |||
| Treynor Ratio | 3.45 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CNB Financial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CNB Financial Backtested Returns
Currently, CNB Financial is very steady. CNB Financial retains Efficiency (Sharpe Ratio) of 0.0823, which signifies that the company had a 0.0823% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CNB Financial, which you can use to evaluate the volatility of the firm. Please confirm CNB Financial's coefficient of variation of 929.37, and Market Risk Adjusted Performance of 3.46 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. CNB Financial has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0423, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CNB Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding CNB Financial is expected to be smaller as well. CNB Financial at this time owns a risk of 1.48%. Please confirm CNB Financial coefficient of variation, semi variance, relative strength index, as well as the relationship between the treynor ratio and rate of daily change , to decide if CNB Financial will be following its current price history.
Auto-correlation | 0.19 |
Very weak predictability
CNB Financial has very weak predictability. Overlapping area represents the amount of predictability between CNB Financial time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CNB Financial price movement. The serial correlation of 0.19 indicates that over 19.0% of current CNB Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
CNB Financial lagged returns against current returns
Autocorrelation, which is CNB Financial preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CNB Financial's preferred stock expected returns. We can calculate the autocorrelation of CNB Financial returns to help us make a trade decision. For example, suppose you find that CNB Financial has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CNB Financial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CNB Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CNB Financial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CNB Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
CNB Financial Lagged Returns
When evaluating CNB Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CNB Financial preferred stock have on its future price. CNB Financial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CNB Financial autocorrelation shows the relationship between CNB Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in CNB Financial.
Regressed Prices |
| Timeline |
Pair Trading with CNB Financial
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 CNB Financial 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 CNB Financial will appreciate offsetting losses from the drop in the long position's value.Moving against CNB Preferred Stock
The ability to find closely correlated positions to CNB Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNB Financial 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 CNB Financial - 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 CNB Financial to buy it.
The correlation of CNB Financial 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 CNB Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNB Financial 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 CNB Financial 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 CNB Preferred Stock Analysis
When running CNB Financial's price analysis, check to measure CNB Financial's 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 CNB Financial is operating at the current time. Most of CNB Financial's value examination focuses on studying past and present price action to predict the probability of CNB Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNB Financial's price. Additionally, you may evaluate how the addition of CNB Financial to your portfolios can decrease your overall portfolio volatility.