Chemung Financial Corp Stock Market Value
| CHMG Stock | USD 52.46 1.06 2.06% |
| Symbol | Chemung |
Chemung Financial Corp 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 Chemung Financial. If investors know Chemung 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 Chemung Financial 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 (0.26) | Dividend Share 1.24 | Earnings Share 4.52 | Revenue Per Share 19.63 | Quarterly Revenue Growth (0.06) |
The market value of Chemung Financial Corp is measured differently than its book value, which is the value of Chemung that is recorded on the company's balance sheet. Investors also form their own opinion of Chemung Financial's value that differs from its market value or its book value, called intrinsic value, which is Chemung Financial'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 Chemung Financial's market value can be influenced by many factors that don't directly affect Chemung Financial'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 Chemung Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemung Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemung Financial'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.
Chemung 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 Chemung Financial'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 Chemung Financial.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Chemung Financial on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Chemung Financial Corp or generate 0.0% return on investment in Chemung Financial over 30 days. Chemung Financial is related to or competes with Finward Bancorp, Community West, First Financial, Oak Valley, Home Federal, First Northwest, and First Community. Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of b... More
Chemung 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 Chemung Financial'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 Chemung Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9891 | |||
| Information Ratio | 0.0596 | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 2.29 |
Chemung Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemung Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemung Financial's standard deviation. In reality, there are many statistical measures that can use Chemung Financial historical prices to predict the future Chemung Financial's volatility.| Risk Adjusted Performance | 0.1231 | |||
| Jensen Alpha | 0.0592 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0829 | |||
| Treynor Ratio | 0.1705 |
Chemung Financial Corp Backtested Returns
Chemung Financial appears to be very steady, given 3 months investment horizon. Chemung Financial Corp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chemung Financial Corp, which you can use to evaluate the volatility of the firm. Please makes use of Chemung Financial's mean deviation of 0.8151, and Risk Adjusted Performance of 0.1231 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chemung Financial holds a performance score of 11. The firm shows a Beta (market volatility) of 1.19, 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, Chemung Financial will likely underperform. Please check Chemung Financial's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Chemung Financial's price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Chemung Financial Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chemung 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 Chemung Financial Corp price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Chemung Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Chemung Financial Corp lagged returns against current returns
Autocorrelation, which is Chemung Financial 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 Chemung Financial's stock expected returns. We can calculate the autocorrelation of Chemung Financial returns to help us make a trade decision. For example, suppose you find that Chemung Financial 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 |
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Chemung 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 Chemung Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemung Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemung Financial stock over time.
Current vs Lagged Prices |
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Chemung Financial Lagged Returns
When evaluating Chemung Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemung Financial stock have on its future price. Chemung 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, Chemung Financial autocorrelation shows the relationship between Chemung Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Chemung Financial Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Chemung Financial Corp is a strong investment it is important to analyze Chemung Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chemung Financial's future performance. For an informed investment choice regarding Chemung Stock, refer to the following important reports:Check out Chemung Financial Correlation, Chemung Financial Volatility and Chemung Financial Alpha and Beta module to complement your research on Chemung Financial. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Chemung Financial 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.