ConnectOne Price Fair Value from 2010 to 2024
| CNOB Stock | USD 19.49 0.45 2.36% |
Price Fair Value | First Reported 2010-12-31 | Previous Quarter 0.73080682 | Current Value 0.69 | Quarterly Volatility 0.33774486 |
Check ConnectOne Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ConnectOne main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.2 M, Interest Expense of 29.3 M or Selling General Administrative of 101.5 M, as well as many exotic indicators such as Price To Sales Ratio of 1.68, Dividend Yield of 0.0263 or PTB Ratio of 0.69. ConnectOne financial statements analysis is a perfect complement when working with ConnectOne Bancorp Valuation or Volatility modules.
ConnectOne | Price Fair Value |
Latest ConnectOne Bancorp's Price Fair Value Growth Pattern
Below is the plot of the Price Fair Value of ConnectOne Bancorp over the last few years. It is ConnectOne Bancorp's Price Fair Value historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ConnectOne Bancorp's overall financial position and show how it may be relating to other accounts over time.
| Price Fair Value | 10 Years Trend |
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Price Fair Value |
| Timeline |
ConnectOne Price Fair Value Regression Statistics
| Arithmetic Mean | 1.16 | |
| Geometric Mean | 1.11 | |
| Coefficient Of Variation | 29.15 | |
| Mean Deviation | 0.26 | |
| Median | 1.17 | |
| Standard Deviation | 0.34 | |
| Sample Variance | 0.11 | |
| Range | 1.1293 | |
| R-Value | (0.70) | |
| Mean Square Error | 0.06 | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | (0.05) | |
| Total Sum of Squares | 1.60 |
ConnectOne Price Fair Value History
About ConnectOne Bancorp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ConnectOne Bancorp income statement, its balance sheet, and the statement of cash flows. ConnectOne Bancorp investors use historical funamental indicators, such as ConnectOne Bancorp's Price Fair Value, to determine how well the company is positioned to perform in the future. Although ConnectOne Bancorp investors may use each financial statement separately, they are all related. The changes in ConnectOne Bancorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ConnectOne Bancorp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ConnectOne Bancorp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ConnectOne Bancorp. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Fair Value | 0.73 | 0.69 |
Pair Trading with ConnectOne Bancorp
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 ConnectOne Bancorp 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 ConnectOne Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving against ConnectOne Stock
| 0.79 | CFG-PD | Citizens Financial | PairCorr |
| 0.77 | TECTP | Tectonic Financial | PairCorr |
| 0.67 | DB | Deutsche Bank AG | PairCorr |
| 0.49 | RF | Regions Financial Financial Report 19th of July 2024 | PairCorr |
The ability to find closely correlated positions to ConnectOne Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConnectOne Bancorp 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 ConnectOne Bancorp - 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 ConnectOne Bancorp to buy it.
The correlation of ConnectOne Bancorp 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 ConnectOne Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConnectOne Bancorp 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 ConnectOne Bancorp 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 the analysis of ConnectOne Bancorp Correlation against competitors. For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for ConnectOne Stock analysis
When running ConnectOne Bancorp's price analysis, check to measure ConnectOne Bancorp'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 ConnectOne Bancorp is operating at the current time. Most of ConnectOne Bancorp's value examination focuses on studying past and present price action to predict the probability of ConnectOne Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConnectOne Bancorp's price. Additionally, you may evaluate how the addition of ConnectOne Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is ConnectOne Bancorp's industry 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 (0.30) | Dividend Share 0.69 | Earnings Share 1.89 | Revenue Per Share 6.53 | Quarterly Revenue Growth (0.13) |
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.