Community Non Current Assets Total vs Other Current Assets Analysis

CBU Stock

USD 44.81 0.22 0.49%

Community Bank financial indicator trend analysis is way more than just evaluating Community Bank System prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Community Bank System is a good investment. Please check the relationship between Community Bank Non Current Assets Total and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Community Bank System. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Non Current Assets Total vs Other Current Assets

Non Current Assets Total vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Community Bank System Non Current Assets Total account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Community Bank's Non Current Assets Total and Other Current Assets is -0.37. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Community Bank System, assuming nothing else is changed. The correlation between historical values of Community Bank's Non Current Assets Total and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Community Bank System are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Non Current Assets Total i.e., Community Bank's Non Current Assets Total and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Community Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Community Bank System current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Community Bank System. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Community Bank's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 45.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 768.5 K in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	379.3M	400.7M	577.7M	606.6M
Interest Expense	13.0M	23.1M	15.7M	14.9M

Other Operating Expenses Interest Expense

Community Bank fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab	Other Assets
Common Stock Shares Outstanding		0.71	0.37	-0.08	0.8	0.74	-0.1	0.67	0.38	0.23	-0.02	0.63	0.57	-0.08	-0.1	0.74	0.69	0.5	0.61	0.15	-0.16	-0.12	0.97	0.98	0.2	0.52
Total Assets	0.71		0.44	0.39	0.9	0.97	-0.02	0.99	0.44	0.76	0.57	0.35	0.92	0.39	-0.32	0.95	1.0	0.93	0.37	0.17	0.29	-0.21	0.8	0.79	-0.31	0.86
Short Long Term Debt Total	0.37	0.44		0.25	0.16	0.34	0.67	0.42	-0.13	0.27	0.11	0.06	0.59	0.24	-0.05	0.31	0.47	0.46	0.05	0.78	0.11	0.18	0.38	0.37	-0.28	0.51
Total Current Liabilities	-0.08	0.39	0.25		0.14	0.37	0.33	0.44	-0.13	0.81	0.82	-0.65	0.6	1.0	-0.03	0.25	0.42	0.53	-0.64	0.27	0.99	0.4	0.12	0.03	-0.53	0.69
Total Stockholder Equity	0.8	0.9	0.16	0.14		0.93	-0.3	0.88	0.57	0.53	0.35	0.54	0.71	0.15	-0.31	0.96	0.88	0.73	0.56	-0.09	0.07	-0.24	0.84	0.86	-0.05	0.71
Property Plant And Equipment Net	0.74	0.97	0.34	0.37	0.93		-0.05	0.97	0.4	0.72	0.54	0.34	0.88	0.37	-0.31	0.94	0.96	0.86	0.35	0.08	0.28	-0.19	0.83	0.83	-0.22	0.86
Net Debt	-0.1	-0.02	0.67	0.33	-0.3	-0.05		0.03	-0.81	0.21	0.16	-0.52	0.29	0.31	-0.26	-0.1	0.01	0.06	-0.54	0.38	0.25	0.1	-0.04	-0.07	-0.39	0.3
Retained Earnings	0.67	0.99	0.42	0.44	0.88	0.97	0.03		0.37	0.8	0.64	0.28	0.92	0.44	-0.4	0.95	0.99	0.94	0.3	0.12	0.33	-0.23	0.77	0.76	-0.38	0.89
Cash	0.38	0.44	-0.13	-0.13	0.57	0.4	-0.81	0.37		0.05	-0.01	0.69	0.16	-0.12	0.27	0.44	0.42	0.36	0.71	0.08	-0.14	-0.01	0.34	0.37	0.24	0.09
Non Current Assets Total	0.23	0.76	0.27	0.81	0.53	0.72	0.21	0.8	0.05		0.94	-0.3	0.85	0.81	-0.37	0.64	0.77	0.84	-0.27	0.1	0.75	-0.15	0.43	0.36	-0.57	0.83
Non Currrent Assets Other	-0.02	0.57	0.11	0.82	0.35	0.54	0.16	0.64	-0.01	0.94		-0.47	0.66	0.82	-0.41	0.49	0.58	0.7	-0.43	-0.04	0.8	-0.14	0.18	0.09	-0.67	0.71
Cash And Short Term Investments	0.63	0.35	0.06	-0.65	0.54	0.34	-0.52	0.28	0.69	-0.3	-0.47		0.04	-0.65	0.08	0.42	0.33	0.18	1.0	0.02	-0.7	-0.29	0.49	0.57	0.4	-0.09
Net Receivables	0.57	0.92	0.59	0.6	0.71	0.88	0.29	0.92	0.16	0.85	0.66	0.04		0.6	-0.33	0.81	0.93	0.88	0.05	0.33	0.5	-0.09	0.7	0.67	-0.39	0.93
Non Current Liabilities Total	-0.08	0.39	0.24	1.0	0.15	0.37	0.31	0.44	-0.12	0.81	0.82	-0.65	0.6		-0.03	0.25	0.42	0.53	-0.63	0.26	0.99	0.41	0.12	0.04	-0.52	0.69
Other Current Assets	-0.1	-0.32	-0.05	-0.03	-0.31	-0.31	-0.26	-0.4	0.27	-0.37	-0.41	0.08	-0.33	-0.03		-0.46	-0.32	-0.32	0.04	0.49	0.03	0.62	-0.15	-0.12	0.55	-0.35
Other Stockholder Equity	0.74	0.95	0.31	0.25	0.96	0.94	-0.1	0.95	0.44	0.64	0.49	0.42	0.81	0.25	-0.46		0.93	0.83	0.44	-0.05	0.15	-0.28	0.8	0.8	-0.29	0.81
Total Liab	0.69	1.0	0.47	0.42	0.88	0.96	0.01	0.99	0.42	0.77	0.58	0.33	0.93	0.42	-0.32	0.93		0.95	0.35	0.21	0.31	-0.2	0.78	0.77	-0.34	0.86
Property Plant And Equipment Gross	0.5	0.93	0.46	0.53	0.73	0.86	0.06	0.94	0.36	0.84	0.7	0.18	0.88	0.53	-0.32	0.83	0.95		0.21	0.23	0.42	-0.19	0.61	0.58	-0.52	0.81
Total Current Assets	0.61	0.37	0.05	-0.64	0.56	0.35	-0.54	0.3	0.71	-0.27	-0.43	1.0	0.05	-0.63	0.04	0.44	0.35	0.21		0.0	-0.69	-0.32	0.47	0.56	0.36	-0.08
Short Term Debt	0.15	0.17	0.78	0.27	-0.09	0.08	0.38	0.12	0.08	0.1	-0.04	0.02	0.33	0.26	0.49	-0.05	0.21	0.23	0.0		0.19	0.46	0.16	0.15	0.1	0.2
Other Current Liab	-0.16	0.29	0.11	0.99	0.07	0.28	0.25	0.33	-0.14	0.75	0.8	-0.7	0.5	0.99	0.03	0.15	0.31	0.42	-0.69	0.19		0.43	0.04	-0.05	-0.45	0.6
Accounts Payable	-0.12	-0.21	0.18	0.4	-0.24	-0.19	0.1	-0.23	-0.01	-0.15	-0.14	-0.29	-0.09	0.41	0.62	-0.28	-0.2	-0.19	-0.32	0.46	0.43		-0.12	-0.12	0.12	0.07
Common Stock Total Equity	0.97	0.8	0.38	0.12	0.84	0.83	-0.04	0.77	0.34	0.43	0.18	0.49	0.7	0.12	-0.15	0.8	0.78	0.61	0.47	0.16	0.04	-0.12		0.99	0.08	0.66
Common Stock	0.98	0.79	0.37	0.03	0.86	0.83	-0.07	0.76	0.37	0.36	0.09	0.57	0.67	0.04	-0.12	0.8	0.77	0.58	0.56	0.15	-0.05	-0.12	0.99		0.14	0.63
Other Liab	0.2	-0.31	-0.28	-0.53	-0.05	-0.22	-0.39	-0.38	0.24	-0.57	-0.67	0.4	-0.39	-0.52	0.55	-0.29	-0.34	-0.52	0.36	0.1	-0.45	0.12	0.08	0.14		-0.46
Other Assets	0.52	0.86	0.51	0.69	0.71	0.86	0.3	0.89	0.09	0.83	0.71	-0.09	0.93	0.69	-0.35	0.81	0.86	0.81	-0.08	0.2	0.6	0.07	0.66	0.63	-0.46

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Community Bank Account Relationship Matchups

Community Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	52.2M	53.3M	54.4M	54.2M	53.7M	31.0M
Total Assets	11.4B	13.9B	15.6B	15.8B	15.6B	16.4B
Short Long Term Debt Total	344.9M	371.3M	329.9M	1.9B	806.6M	505.6M
Total Current Liabilities	223.5M	230.7M	210.8M	902.3M	6.4B	6.7B
Total Stockholder Equity	1.9B	2.1B	2.1B	1.6B	1.7B	1.8B
Property Plant And Equipment Net	164.6M	165.7M	160.7M	160.8M	173.4M	182.1M
Net Debt	139.8M	(1.3B)	(1.5B)	1.7B	615.6M	646.4M
Retained Earnings	882.9M	960.2M	1.1B	1.2B	1.2B	1.2B
Cash	205.0M	1.6B	1.9B	209.9M	191.0M	253.9M
Non Current Assets Total	4.1B	4.6B	6.0B	6.3B	15.4B	16.2B
Non Currrent Assets Other	(28.1M)	(32.1M)	(29.3M)	(303.7M)	14.1B	14.8B
Cash And Short Term Investments	3.2B	5.2B	6.8B	4.4B	(191.0M)	(181.4M)
Net Receivables	31.6M	39.0M	35.9M	52.6M	54.5M	57.3M
Liabilities And Stockholders Equity	11.4B	13.9B	15.6B	15.8B	15.5B	16.3B
Non Current Liabilities Total	344.9M	371.3M	329.9M	902.3M	7.4B	7.8B
Other Current Assets	237.9M	1.7B	1.9B	263.0M	246.7M	234.4M
Other Stockholder Equity	930.6M	1.0B	1.0B	1.0B	1.0B	1.1B
Total Liab	9.6B	11.8B	13.5B	14.3B	13.8B	14.5B
Property Plant And Equipment Gross	164.6M	165.7M	305.5M	298.2M	308.5M	323.9M
Total Current Assets	3.3B	5.2B	6.8B	4.4B	246.7M	234.4M
Short Term Debt	8.3M	287.7M	333.4M	768.4M	361.4M	231.3M
Other Current Liab	(223.5M)	(230.7M)	(210.8M)	(902.3M)	6.0B	6.3B
Accounts Payable	215.2M	230.7M	210.8M	133.9M	153.9M	146.2M
Accumulated Other Comprehensive Income	(10.2M)	62.1M	(50.6M)	(686.4M)	(550.0M)	(522.5M)
Common Stock Total Equity	52.0M	53.8M	54.1M	54.2M	62.3M	39.2M
Common Stock	52.0M	53.8M	54.1M	54.2M	54.4M	40.0M
Other Liab	84.9M	110.1M	81.9M	15.7M	18.0M	17.1M
Other Assets	4.0B	4.1B	2.7B	5.1B	5.9B	6.2B
Long Term Debt	91.1M	80.6M	329.9M	1.1B	407.6M	262.3M
Inventory	(237.9M)	(1.7B)	(1.9B)	(263.0M)	136.4M	143.2M
Treasury Stock	(6.8M)	(6.2M)	(10.6M)	(26.5M)	(30.5M)	(32.0M)
Intangible Assets	63.1M	52.9M	65.2M	61.0M	52.6M	66.1M
Property Plant Equipment	164.6M	165.7M	160.7M	160.8M	184.9M	104.3M
Good Will	773.8M	793.7M	799.1M	841.8M	845.4M	475.4M
Short Term Investments	3.0B	3.5B	4.9B	4.2B	2.9B	2.7B
Net Tangible Assets	1.0B	1.3B	1.2B	661.2M	760.3M	863.5M
Retained Earnings Total Equity	882.9M	960.2M	1.1B	1.2B	1.3B	788.1M
Long Term Debt Total	91.1M	80.6M	3.3M	3.2M	2.9M	2.8M
Capital Surpluse	927.3M	1.0B	1.0B	1.1B	1.2B	772.1M
Long Term Investments	6.8B	7.4B	5.0B	5.3B	4.1B	5.1B

Pair Trading with Community Bank

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 Community Bank 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 Community Bank will appreciate offsetting losses from the drop in the long position's value.

Moving together with Community Stock

0.73	AX	Axos Financial Fiscal Year End 25th of July 2024	Pair Corr
0.64	BY	Byline Bancorp Financial Report 25th of July 2024	Pair Corr
0.8	PB	Prosperity Bancshares Financial Report 24th of July 2024	Pair Corr

The ability to find closely correlated positions to Community Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Community Bank 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 Community Bank - 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 Community Bank System to buy it.

The correlation of Community Bank 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 Community Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Community Bank System 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 Community Bank 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.

Pair Correlation Correlation Matching

Additional Tools for Community Stock Analysis

When running Community Bank's price analysis, check to measure Community Bank'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 Community Bank is operating at the current time. Most of Community Bank's value examination focuses on studying past and present price action to predict the probability of Community Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Community Bank's price. Additionally, you may evaluate how the addition of Community Bank to your portfolios can decrease your overall portfolio volatility.

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