Chemung Total Assets from 2010 to 2024
| CHMG Stock | USD 42.98 0.81 1.92% |
Total Assets | First Reported 1999-09-30 | Previous Quarter 2.7 B | Current Value 2.8 B | Quarterly Volatility 637.1 M |
Check Chemung Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Chemung main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 M, Interest Expense of 40.5 M or Selling General Administrative of 21.5 M, as well as many exotic indicators such as Price To Sales Ratio of 1.63, Dividend Yield of 0.0355 or PTB Ratio of 1.32. Chemung financial statements analysis is a perfect complement when working with Chemung Financial Valuation or Volatility modules.
Chemung | Total Assets |
Latest Chemung Financial's Total Assets Growth Pattern
Below is the plot of the Total Assets of Chemung Financial Corp over the last few years. Total assets refers to the total amount of Chemung Financial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Chemung Financial Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Chemung Financial's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Chemung Financial's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 2.71 B | 10 Years Trend |
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Total Assets |
| Timeline |
Chemung Total Assets Regression Statistics
| Arithmetic Mean | 1,819,126,980 | |
| Geometric Mean | 1,670,157,910 | |
| Coefficient Of Variation | 36.30 | |
| Mean Deviation | 507,298,873 | |
| Median | 1,710,556,000 | |
| Standard Deviation | 660,303,499 | |
| Sample Variance | 436000.7T | |
| Range | 2.4B | |
| R-Value | 0.96 | |
| Mean Square Error | 39161.7T | |
| R-Squared | 0.92 | |
| Slope | 141,357,036 | |
| Total Sum of Squares | 6104009.9T |
Chemung Total Assets History
Other Fundumenentals of Chemung Financial Corp
Chemung Financial Total Assets component correlations
Click cells to compare fundamentals
About Chemung Financial Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Chemung Financial income statement, its balance sheet, and the statement of cash flows. Chemung Financial investors use historical funamental indicators, such as Chemung Financial's Total Assets, to determine how well the company is positioned to perform in the future. Although Chemung Financial investors may use each financial statement separately, they are all related. The changes in Chemung Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Chemung Financial'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 Chemung Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Chemung Financial. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Assets | 2.7 B | 2.8 B | |
| Intangibles To Total Assets | 0.01 | 0.01 |
Pair Trading with Chemung Financial
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 Chemung Financial 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 Chemung Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Chemung Stock
| 0.77 | AX | Axos Financial Buyout Trend | PairCorr |
| 0.74 | BY | Byline Bancorp Normal Trading | PairCorr |
Moving against Chemung Stock
| 0.72 | NU | Nu Holdings Aggressive Push | PairCorr |
| 0.66 | CFG-PD | Citizens Financial | PairCorr |
| 0.63 | TECTP | Tectonic Financial | PairCorr |
| 0.42 | KB | KB Financial Group Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Chemung Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemung Financial 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 Chemung Financial - 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 Chemung Financial Corp to buy it.
The correlation of Chemung Financial 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 Chemung Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemung Financial Corp 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 Chemung Financial 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 Chemung Financial Correlation against competitors. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Chemung Stock analysis
When running Chemung Financial's price analysis, check to measure Chemung Financial'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 Chemung Financial is operating at the current time. Most of Chemung Financial's value examination focuses on studying past and present price action to predict the probability of Chemung Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemung Financial's price. Additionally, you may evaluate how the addition of Chemung Financial to your portfolios can decrease your overall portfolio volatility.
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Is Chemung Financial'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 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 (0.04) | Dividend Share 1.24 | Earnings Share 5.22 | Revenue Per Share 20.334 | Quarterly Revenue Growth 0.028 |
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.