ChoiceOne Other Stockholder Equity from 2010 to 2024
| COFS Stock | USD 25.67 0.22 0.85% |
Other Stockholder Equity | First Reported 1999-06-30 | Previous Quarter -71.8 M | Current Value -67.9 M | Quarterly Volatility 1.9 B |
Check ChoiceOne Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ChoiceOne Financial's 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 indicators such as Price To Sales Ratio of 1.84, Dividend Yield of 0.0281 or PTB Ratio of 1.35. ChoiceOne financial statements analysis is a perfect complement when working with ChoiceOne Financial Valuation or Volatility modules.
ChoiceOne | Other Stockholder Equity |
Latest ChoiceOne Financial's Other Stockholder Equity Growth Pattern
Below is the plot of the Other Stockholder Equity of ChoiceOne Financial Services over the last few years. It is ChoiceOne Financial's Other Stockholder Equity 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.
| Other Stockholder Equity | 10 Years Trend |
|
Other Stockholder Equity |
| Timeline |
ChoiceOne Other Stockholder Equity Regression Statistics
| Arithmetic Mean | (8,963,516) | |
| Geometric Mean | 3,177,927 | |
| Coefficient Of Variation | (355.88) | |
| Mean Deviation | 22,788,025 | |
| Median | 268,000 | |
| Standard Deviation | 31,899,732 | |
| Sample Variance | 1017.6T | |
| Range | 118.4M | |
| R-Value | (0.76) | |
| Mean Square Error | 464.8T | |
| R-Squared | 0.58 | |
| Significance | 0 | |
| Slope | (5,412,839) | |
| Total Sum of Squares | 14246.3T |
ChoiceOne Other Stockholder Equity History
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 Other Stockholder Equity, 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 | ||
| Other Stockholder Equity | -64.6 M | -61.4 M |
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
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.Additional 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.