ChoiceOne Gross Profit from 2010 to 2024
| COFS Stock | USD 25.78 0.92 3.70% |
Gross Profit | First Reported 1999-06-30 | Previous Quarter 31.8 M | Current Value 32.4 M | Quarterly Volatility 6.8 M |
Check ChoiceOne Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ChoiceOne main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 M, Interest Expense of 1.7 M or Selling General Administrative of 34.8 M, as well as many exotic indicators such as Price To Sales Ratio of 1.84, Dividend Yield of 0.0283 or PTB Ratio of 1.35. ChoiceOne financial statements analysis is a perfect complement when working with ChoiceOne Financial Valuation or Volatility modules.
ChoiceOne | Gross Profit |
Latest ChoiceOne Financial's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of ChoiceOne Financial Services over the last few years. Gross profit is a required income statement account that reflects total revenue of ChoiceOne Financial Services minus its cost of goods sold. It is profit before ChoiceOne Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. ChoiceOne Financial's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ChoiceOne Financial's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 81.14 M | 10 Years Trend |
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Gross Profit |
| Timeline |
ChoiceOne Gross Profit Regression Statistics
| Arithmetic Mean | 47,573,507 | |
| Geometric Mean | 31,810,341 | |
| Coefficient Of Variation | 76.66 | |
| Mean Deviation | 30,812,276 | |
| Median | 27,466,000 | |
| Standard Deviation | 36,470,204 | |
| Sample Variance | 1330.1T | |
| Range | 119.1M | |
| R-Value | 0.90 | |
| Mean Square Error | 275.1T | |
| R-Squared | 0.81 | |
| Slope | 7,330,079 | |
| Total Sum of Squares | 18621.1T |
ChoiceOne Gross Profit History
Other Fundumenentals of ChoiceOne Financial
ChoiceOne Financial Gross Profit component correlations
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About ChoiceOne Financial Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ChoiceOne Financial income statement, its balance sheet, and the statement of cash flows. ChoiceOne Financial investors use historical funamental indicators, such as ChoiceOne Financial's Gross Profit, to determine how well the company is positioned to perform in the future. Although ChoiceOne Financial investors may use each financial statement separately, they are all related. The changes in ChoiceOne Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ChoiceOne 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 ChoiceOne Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ChoiceOne Financial. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Gross Profit | 114.1 M | 119.8 M | |
| Gross Profit Margin | 0.00 | 0.00 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ChoiceOne Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ChoiceOne Financial's short interest history, or implied volatility extrapolated from ChoiceOne Financial options trading.
Pair Trading with ChoiceOne 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 ChoiceOne 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 ChoiceOne Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with ChoiceOne Stock
| 0.61 | AX | Axos Financial Buyout Trend | PairCorr |
Moving against ChoiceOne Stock
| 0.67 | TECTP | Tectonic Financial | PairCorr |
| 0.44 | CFG-PD | Citizens Financial | PairCorr |
The ability to find closely correlated positions to ChoiceOne 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 ChoiceOne 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 ChoiceOne 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 ChoiceOne Financial Services to buy it.
The correlation of ChoiceOne 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 ChoiceOne Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChoiceOne Financial 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 ChoiceOne 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 ChoiceOne Financial Correlation against competitors. Note that the ChoiceOne Financial information on this page should be used as a complementary analysis to other ChoiceOne Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for ChoiceOne Stock analysis
When running ChoiceOne Financial's price analysis, check to measure ChoiceOne 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 ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne 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 ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.
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Is ChoiceOne 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 ChoiceOne Financial. If investors know ChoiceOne 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 ChoiceOne 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 (0.01) | Dividend Share 1.06 | Earnings Share 2.81 | Revenue Per Share 10.687 | Quarterly Revenue Growth (0.01) |
The market value of ChoiceOne Financial is measured differently than its book value, which is the value of ChoiceOne that is recorded on the company's balance sheet. Investors also form their own opinion of ChoiceOne Financial's value that differs from its market value or its book value, called intrinsic value, which is ChoiceOne 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 ChoiceOne Financial's market value can be influenced by many factors that don't directly affect ChoiceOne 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 ChoiceOne Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChoiceOne Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChoiceOne 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.