ChoiceOne Long Term Investments vs Retained Earnings Analysis
COFS Stock | USD 28.19 0.89 3.26% |
ChoiceOne Financial financial indicator trend analysis is way more than just evaluating ChoiceOne Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChoiceOne Financial is a good investment. Please check the relationship between ChoiceOne Financial Long Term Investments and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Long Term Investments vs Retained Earnings
Long Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChoiceOne Financial Long Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between ChoiceOne Financial's Long Term Investments and Retained Earnings is 0.76. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of ChoiceOne Financial Services, assuming nothing else is changed. The correlation between historical values of ChoiceOne Financial's Long Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of ChoiceOne Financial Services are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Investments i.e., ChoiceOne Financial's Long Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of ChoiceOne Financial balance sheet that represents investments ChoiceOne Financial intends to hold for over a year. ChoiceOne Financial Services long term investments may include different instruments such as stocks, bonds, real estate and cash.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from ChoiceOne Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChoiceOne Financial 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 ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, ChoiceOne Financial's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 441.44 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 164.1 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.0M | 7.7M | 1.8M | 1.7M | Depreciation And Amortization | 1.3M | 1.2M | 3.4M | 1.7M |
ChoiceOne Financial fundamental ratios Correlations
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ChoiceOne Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ChoiceOne Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4B | 1.9B | 2.4B | 2.4B | 2.6B | 2.7B | |
Short Long Term Debt Total | 33.2M | 12.4M | 85.0M | 135.3M | 236.2M | 248.0M | |
Other Current Liab | 375.7M | 787.3M | 1.1B | (50M) | 1.8B | 1.9B | |
Total Current Liabilities | 385.5M | 820.3M | 1.1B | 50M | 2.0B | 2.1B | |
Total Stockholder Equity | 190.3M | 227.3M | 221.7M | 168.9M | 195.6M | 205.4M | |
Property Plant And Equipment Net | 23.9M | 29.9M | 29.9M | 28.2M | 29.8M | 31.2M | |
Net Debt | (25.4M) | (67.1M) | 53.1M | 91.3M | 180.8M | 189.8M | |
Retained Earnings | 28.1M | 37.5M | 52.3M | 68.4M | 73.7M | 77.4M | |
Cash | 58.6M | 79.5M | 31.9M | 43.9M | 55.4M | 58.2M | |
Non Current Assets Total | 430.1M | 681.4M | 1.2B | 1.1B | 2.5B | 2.7B | |
Non Currrent Assets Other | (2.4M) | (5.6M) | (1.2B) | (1.1B) | 2.4B | 2.5B | |
Other Assets | 555.6M | 584.1M | 25.9M | 731.3M | 841.0M | 883.0M | |
Cash And Short Term Investments | 398.2M | 654.3M | 1.1B | 590.8M | (55.4M) | (52.7M) | |
Common Stock Total Equity | 162.6M | 178.8M | 171.9M | 172.3M | 198.1M | 208.0M | |
Common Stock Shares Outstanding | 4.5M | 7.5M | 7.7M | 7.5M | 7.6M | 3.9M | |
Liabilities And Stockholders Equity | 1.4B | 1.9B | 2.4B | 2.4B | 2.6B | 2.7B | |
Other Stockholder Equity | (1.8M) | 24K | (2.6M) | (71.8M) | (64.6M) | (61.4M) | |
Total Liab | 33.2M | 12.4M | 2.1B | 2.2B | 2.4B | 2.5B | |
Property Plant And Equipment Gross | 24.3M | 29.5M | 46.2M | 46.4M | 50.7M | 53.2M | |
Total Current Assets | 398.2M | 654.3M | 1.1B | 590.8M | 55.6M | 52.8M | |
Short Term Debt | 9.8M | 33.0M | 3.4M | 50M | 200.3M | 210.3M | |
Common Stock | 162.6M | 178.8M | 171.9M | 172.3M | 173.5M | 182.2M | |
Non Current Liabilities Total | 33.2M | 12.4M | 85.0M | 50M | 438.3M | 460.2M | |
Accumulated Other Comprehensive Income | 1.5M | 11.0M | (2.6M) | (71.8M) | (51.6M) | (49.0M) | |
Other Current Assets | 60.5M | 79.8M | 32.1M | 43.9M | 55.6M | 52.8M | |
Other Liab | 3.0M | 5.7M | 5.5M | 7.7M | 8.9M | 4.8M | |
Accounts Payable | 1.2B | 1.7B | 2.1B | 2.1B | 2.4B | 2.6B | |
Long Term Debt | 33.2M | 12.4M | 85.0M | 85.3M | 205.5M | 215.8M | |
Short Term Investments | 339.6M | 574.8M | 1.1B | 546.9M | 514.6M | 305.2M | |
Inventory | 102K | 929K | 266K | 194K | 174.6K | 165.9K | |
Intangible Assets | 6.0M | 5.3M | 4.0M | 2.8M | 1.9M | 2.7M | |
Property Plant Equipment | 24.3M | 29.9M | 29.9M | 28.2M | 32.5M | 18.5M | |
Net Tangible Assets | 133.3M | 161.5M | 157.8M | 106.1M | 122.0M | 98.8M | |
Retained Earnings Total Equity | 28.1M | 37.5M | 52.3M | 68.4M | 78.7M | 82.6M | |
Long Term Investments | 342.4M | 585.7M | 1.1B | 972.8M | 930.1M | 506.0M | |
Non Current Liabilities Other | 39.4M | 14.4M | 57.7M | 63.8M | 73.3M | 77.0M | |
Short Long Term Debt | 7.1M | 36K | 37K | 50M | 30M | 22.2M |
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.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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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 10.676 | 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.