Connectone Bancorp Stock Market Value
| CNOB Stock | USD 28.66 0.83 2.98% |
| Symbol | ConnectOne |
ConnectOne Bancorp 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 ConnectOne Bancorp. If investors know ConnectOne 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 ConnectOne Bancorp 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 (0.20) | Dividend Share 0.71 | Earnings Share 1.73 | Revenue Per Share 6.488 | Quarterly Revenue Growth (0.04) |
The market value of ConnectOne Bancorp is measured differently than its book value, which is the value of ConnectOne that is recorded on the company's balance sheet. Investors also form their own opinion of ConnectOne Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ConnectOne Bancorp'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 ConnectOne Bancorp's market value can be influenced by many factors that don't directly affect ConnectOne Bancorp'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 ConnectOne Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ConnectOne Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConnectOne Bancorp'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.
ConnectOne Bancorp '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 ConnectOne Bancorp'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 ConnectOne Bancorp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ConnectOne Bancorp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ConnectOne Bancorp or generate 0.0% return on investment in ConnectOne Bancorp over 30 days. ConnectOne Bancorp is related to or competes with Rhinebeck Bancorp, Home Bancorp, Parke Bancorp, Great Southern, National Bank, Community West, and Financial Institutions. ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking produ... More
ConnectOne Bancorp 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 ConnectOne Bancorp'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 ConnectOne Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0597 | |||
| Maximum Drawdown | 20.79 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.33 |
ConnectOne Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ConnectOne Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ConnectOne Bancorp's standard deviation. In reality, there are many statistical measures that can use ConnectOne Bancorp historical prices to predict the future ConnectOne Bancorp's volatility.| Risk Adjusted Performance | 0.0883 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0845 | |||
| Treynor Ratio | 0.1171 |
ConnectOne Bancorp Backtested Returns
ConnectOne Bancorp appears to be not too volatile, given 3 months investment horizon. ConnectOne Bancorp secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ConnectOne Bancorp, which you can use to evaluate the volatility of the firm. Please makes use of ConnectOne Bancorp's Risk Adjusted Performance of 0.0883, mean deviation of 1.88, and Downside Deviation of 2.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ConnectOne Bancorp holds a performance score of 8. The firm shows a Beta (market volatility) of 2.48, 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, ConnectOne Bancorp will likely underperform. Please check ConnectOne Bancorp's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether ConnectOne Bancorp's price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
ConnectOne Bancorp has virtually no predictability. Overlapping area represents the amount of predictability between ConnectOne Bancorp 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 ConnectOne Bancorp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current ConnectOne Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
ConnectOne Bancorp lagged returns against current returns
Autocorrelation, which is ConnectOne Bancorp 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 ConnectOne Bancorp's stock expected returns. We can calculate the autocorrelation of ConnectOne Bancorp returns to help us make a trade decision. For example, suppose you find that ConnectOne Bancorp 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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ConnectOne Bancorp 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 ConnectOne Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ConnectOne Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ConnectOne Bancorp stock over time.
Current vs Lagged Prices |
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ConnectOne Bancorp Lagged Returns
When evaluating ConnectOne Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ConnectOne Bancorp stock have on its future price. ConnectOne Bancorp 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, ConnectOne Bancorp autocorrelation shows the relationship between ConnectOne Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in ConnectOne Bancorp.
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 determining whether ConnectOne Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ConnectOne Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Connectone Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Connectone Bancorp Stock:Check out ConnectOne Bancorp Correlation, ConnectOne Bancorp Volatility and ConnectOne Bancorp Alpha and Beta module to complement your research on ConnectOne Bancorp. For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
ConnectOne Bancorp 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.