Chemung Other Stockholder Equity vs Cash And Short Term Investments Analysis
CHMG Stock | USD 43.20 0.20 0.47% |
Chemung Financial financial indicator trend analysis is way more than just evaluating Chemung Financial Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chemung Financial Corp is a good investment. Please check the relationship between Chemung Financial Other Stockholder Equity and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemung Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Other Stockholder Equity vs Cash And Short Term Investments
Other Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chemung Financial Corp Other Stockholder Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Chemung Financial's Other Stockholder Equity and Cash And Short Term Investments is 0.45. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Chemung Financial Corp, assuming nothing else is changed. The correlation between historical values of Chemung Financial's Other Stockholder Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Chemung Financial Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Stockholder Equity i.e., Chemung Financial's Other Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Stockholder Equity
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Chemung Financial Corp balance sheet. This account contains Chemung Financial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Chemung Financial Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Chemung Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chemung Financial Corp 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 Chemung Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, Chemung Financial's Enterprise Value Over EBITDA is most likely to increase slightly in the upcoming years. The Chemung Financial's current Enterprise Value Multiple is estimated to increase to 7.99, while Selling General Administrative is projected to decrease to roughly 21.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.4M | 7.3M | 38.6M | 40.5M | Depreciation And Amortization | 243K | 15K | 2.8M | 1.6M |
Chemung Financial fundamental ratios Correlations
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Chemung Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chemung Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 2.3B | 2.4B | 2.6B | 2.7B | 2.8B | |
Total Stockholder Equity | 182.6M | 199.7M | 211.5M | 166.4M | 195.2M | 120.1M | |
Property Plant And Equipment Net | 30.4M | 27.3M | 25.5M | 22.6M | 20.2M | 22.5M | |
Net Debt | (109.7M) | (97.4M) | (1.1M) | 145.7M | 4.0M | 4.1M | |
Retained Earnings | 153.7M | 168.0M | 188.9M | 211.9M | 229.9M | 241.4M | |
Cash | 121.9M | 108.5M | 27.0M | 55.9M | 36.8M | 49.5M | |
Non Current Assets Total | 342.4M | 609.0M | 846.1M | 682.2M | 2.7B | 2.8B | |
Non Currrent Assets Other | (342.4M) | (609.0M) | (846.1M) | (682.2M) | 56.1M | 53.3M | |
Other Assets | 1.0B | 964.2M | 709.8M | 1.2B | 1.1B | 666.0M | |
Cash And Short Term Investments | 406.0M | 663.1M | 819.0M | 688.5M | (22.2M) | (21.1M) | |
Net Receivables | 33.5M | 43.1M | 43.8M | 89.5M | 102.9M | 108.0M | |
Common Stock Shares Outstanding | 4.9M | 4.8M | 4.7M | 4.7M | 4.7M | 4.6M | |
Liabilities And Stockholders Equity | 1.8B | 2.3B | 2.4B | 2.6B | 2.7B | 2.8B | |
Other Stockholder Equity | 34.7M | 29.2M | 29.1M | 29.7M | 31.3M | 20.3M | |
Total Liab | 1.6B | 2.1B | 2.2B | 2.5B | 2.5B | 2.6B | |
Property Plant And Equipment Gross | 30.4M | 27.3M | 25.5M | 22.6M | 94.0M | 98.7M | |
Total Current Assets | 439.5M | 706.2M | 862.8M | 777.9M | 45.0M | 42.7M | |
Other Current Assets | 127.1M | 115.0M | 33.1M | 64.7M | 45.0M | 42.7M | |
Accumulated Other Comprehensive Income | (5.8M) | 2.4M | (6.5M) | (75.3M) | (66.0M) | (62.7M) | |
Short Long Term Debt Total | 12.2M | 11.1M | 25.9M | 201.6M | 40.8M | 41.2M | |
Non Current Liabilities Total | 12.2M | 11.1M | 25.9M | 142.0M | 663.4M | 696.6M | |
Other Current Liab | (20.9M) | (30.9M) | (40.6M) | (142.0M) | 1.8B | 1.9B | |
Total Current Liabilities | 20.9M | 30.9M | 40.6M | 142.0M | 1.9B | 1.9B | |
Accounts Payable | 20.9M | 30.9M | 26.0M | 46.2M | 19.6M | 11.9M | |
Short Term Debt | 1.3M | 1.3M | 14.6M | 95.8M | 33.2M | 29.0M | |
Intangible Assets | 1.4M | 742K | 258K | 15K | 13.5K | 12.8K | |
Short Term Investments | 284.1M | 554.6M | 792.0M | 632.6M | 584.0M | 554.8M | |
Other Liab | 12.5M | 14.3M | 14.7M | 16.7M | 19.2M | 15.9M | |
Long Term Debt | 4.1M | 3.8M | 18.2M | 99.1M | 89.2M | 93.7M | |
Inventory | (127.1M) | (115.0M) | (33.1M) | (64.7M) | (58.3M) | (55.4M) | |
Treasury Stock | (12.6M) | (11.7M) | (17.5M) | (17.8M) | (20.5M) | (21.5M) | |
Property Plant Equipment | 22.4M | 27.3M | 25.5M | 22.6M | 25.9M | 28.7M | |
Net Tangible Assets | 160.1M | 177.6M | 189.6M | 144.6M | 166.2M | 145.7M | |
Retained Earnings Total Equity | 153.7M | 168.0M | 188.9M | 211.9M | 243.6M | 153.1M | |
Capital Surpluse | 46.4M | 46.8M | 46.9M | 47.3M | 54.4M | 50.6M | |
Long Term Investments | 1.6B | 559.6M | 798.8M | 637.8M | 587.8M | 808.6M |
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemung Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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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.