CNB's market value is the price at which a share of CNB trades on a public exchange. It measures the collective expectations of CNB Corporation investors about its performance. CNB is trading at 18.00 as of the 19th of January 2025; that is 2.56% increase since the beginning of the trading day. The stock's open price was 17.55. With this module, you can estimate the performance of a buy and hold strategy of CNB Corporation and determine expected loss or profit from investing in CNB over a given investment horizon. Check out CNB Correlation, CNB Volatility and CNB Alpha and Beta module to complement your research on CNB.
Please note, there is a significant difference between CNB's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNB'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.
CNB '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's pink sheet 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.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in CNB on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding CNB Corporation or generate 0.0% return on investment in CNB over 30 days. CNB is related to or competes with Eastern Michigan, Commercial National, Mifflinburg Bancorp, Apollo Bancorp, Community Bankers, FNB, and Farmers Bank. CNB Corporation operates as the bank holding company for Citizens National Bank that provides various banking services t... More
CNB 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's pink sheet 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 Corporation upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CNB's standard deviation. In reality, there are many statistical measures that can use CNB historical prices to predict the future CNB's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CNB. Your research has to be compared to or analyzed against CNB's peers to derive any actionable benefits. When done correctly, CNB's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CNB Corporation.
CNB Corporation Backtested Returns
CNB Corporation retains Efficiency (Sharpe Ratio) of -0.0809, which signifies that the company had a -0.0809% return per unit of risk over the last 3 months. CNB exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CNB's market risk adjusted performance of 0.699, and Variance of 0.6386 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CNB are expected to decrease at a much lower rate. During the bear market, CNB is likely to outperform the market. At this point, CNB Corporation has a negative expected return of -0.0668%. Please make sure to confirm CNB's variance, as well as the relationship between the potential upside and day median price , to decide if CNB Corporation performance from the past will be repeated in the future.
Auto-correlation
-0.19
Insignificant reverse predictability
CNB Corporation has insignificant reverse predictability. Overlapping area represents the amount of predictability between CNB time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. 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 Corporation price movement. The serial correlation of -0.19 indicates that over 19.0% of current CNB price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.19
Spearman Rank Test
0.33
Residual Average
0.0
Price Variance
0.04
CNB Corporation lagged returns against current returns
Autocorrelation, which is CNB pink sheet'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's pink sheet expected returns. We can calculate the autocorrelation of CNB returns to help us make a trade decision. For example, suppose you find that CNB has exhibited high autocorrelation historically, and you observe that the pink sheet 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CNB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CNB pink sheet over time.
Current vs Lagged Prices
Timeline
CNB Lagged Returns
When evaluating CNB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CNB pink sheet have on its future price. CNB 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 autocorrelation shows the relationship between CNB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CNB Corporation.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running CNB's price analysis, check to measure CNB'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 is operating at the current time. Most of CNB's value examination focuses on studying past and present price action to predict the probability of CNB'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's price. Additionally, you may evaluate how the addition of CNB to your portfolios can decrease your overall portfolio volatility.