City Holding Stock Market Value
| CHCO Stock | USD 131.91 2.05 1.53% |
| Symbol | City |
City Holding Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of City Holding. If investors know City will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about City Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.019 | Dividend Share 2.93 | Earnings Share 7.8 | Revenue Per Share 19.688 | Quarterly Revenue Growth 0.026 |
The market value of City Holding is measured differently than its book value, which is the value of City that is recorded on the company's balance sheet. Investors also form their own opinion of City Holding's value that differs from its market value or its book value, called intrinsic value, which is City Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because City Holding's market value can be influenced by many factors that don't directly affect City Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between City Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if City Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, City Holding's 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.
City Holding '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 City Holding's 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 City Holding.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in City Holding on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding City Holding or generate 0.0% return on investment in City Holding over 30 days. City Holding is related to or competes with Community West, Oak Valley, Home Federal, Magyar Bancorp, Colony Bankcorp, Investar Holding, and Plumas Bancorp. City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking... More
City Holding 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 City Holding's 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 City Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.0338 | |||
| Maximum Drawdown | 16.56 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.72 |
City Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for City Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as City Holding's standard deviation. In reality, there are many statistical measures that can use City Holding historical prices to predict the future City Holding's volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0516 | |||
| Treynor Ratio | 0.0954 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of City Holding'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.
City Holding Backtested Returns
City Holding appears to be very steady, given 3 months investment horizon. City Holding secures Sharpe Ratio (or Efficiency) of 0.0977, which signifies that the company had a 0.0977% return per unit of risk over the last 3 months. We have found thirty technical indicators for City Holding, which you can use to evaluate the volatility of the firm. Please makes use of City Holding's Downside Deviation of 1.39, mean deviation of 1.29, and Risk Adjusted Performance of 0.0794 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, City Holding holds a performance score of 7. The firm shows a Beta (market volatility) of 2.01, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, City Holding will likely underperform. Please check City Holding's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether City Holding's price patterns will revert.
Auto-correlation | 0.43 |
Average predictability
City Holding has average predictability. Overlapping area represents the amount of predictability between City Holding time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 City Holding price movement. The serial correlation of 0.43 indicates that just about 43.0% of current City Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 3.16 |
City Holding lagged returns against current returns
Autocorrelation, which is City Holding 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 City Holding's stock expected returns. We can calculate the autocorrelation of City Holding returns to help us make a trade decision. For example, suppose you find that City Holding has exhibited high autocorrelation historically, and you observe that the 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 |
City Holding 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 City Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if City Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in City Holding stock over time.
Current vs Lagged Prices |
| Timeline |
City Holding Lagged Returns
When evaluating City Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of City Holding stock have on its future price. City Holding 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, City Holding autocorrelation shows the relationship between City Holding stock current value and its past values and can show if there is a momentum factor associated with investing in City Holding.
Regressed Prices |
| Timeline |
Pair Trading with City Holding
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 City Holding 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 City Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with City Stock
Moving against City Stock
| 0.54 | CFG-PE | Citizens Financial | PairCorr |
| 0.49 | TFC-PO | Truist Financial | PairCorr |
| 0.48 | TFC-PR | Truist Financial | PairCorr |
| 0.34 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to City Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace City Holding 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 City Holding - 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 City Holding to buy it.
The correlation of City Holding 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 City Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if City Holding 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 City Holding 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.Check out City Holding Correlation, City Holding Volatility and City Holding Alpha and Beta module to complement your research on City Holding. To learn how to invest in City Stock, please use our How to Invest in City Holding guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
City Holding technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.