Chemung Financial Stock Forecast - Semi Variance
| CHMG Stock | USD 51.86 1.16 2.29% |
Chemung Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Chemung Financial's historical fundamentals, such as revenue growth or operating cash flow patterns.
Chemung |
| Check Chemung Financial Volatility | Backtest Chemung Financial | Information Ratio |
Chemung Financial Trading Date Momentum
| On November 11 2024 Chemung Financial Corp was traded for 51.86 at the closing time. The top price for the day was 52.00 and the lowest listed price was 51.58 . The trading volume for the day was 20.5 K. The trading history from November 11, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.10% . |
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Other Forecasting Options for Chemung Financial
For every potential investor in Chemung, whether a beginner or expert, Chemung Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Chemung Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Chemung. Basic forecasting techniques help filter out the noise by identifying Chemung Financial's price trends.Chemung Financial Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Chemung Financial stock to make a market-neutral strategy. Peer analysis of Chemung Financial could also be used in its relative valuation, which is a method of valuing Chemung Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Chemung Financial Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Chemung Financial's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Chemung Financial's current price.| Cycle Indicators | ||
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Chemung Financial Market Strength Events
Market strength indicators help investors to evaluate how Chemung Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chemung Financial shares will generate the highest return on investment. By undertsting and applying Chemung Financial stock market strength indicators, traders can identify Chemung Financial Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 165.8 | |||
| Daily Balance Of Power | 2.761905 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 51.79 | |||
| Day Typical Price | 51.81 | |||
| Price Action Indicator | 0.65 | |||
| Period Momentum Indicator | 1.16 |
Chemung Financial Risk Indicators
The analysis of Chemung Financial's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Chemung Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chemung stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.8001 | |||
| Semi Deviation | 0.4833 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.84 | |||
| Downside Variance | 0.9219 | |||
| Semi Variance | 0.2336 | |||
| Expected Short fall | (0.96) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Historical Fundamental Analysis of Chemung Financial to cross-verify your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.