Affinity Total Current Assets from 2010 to 2024
| AFBI Stock | USD 16.70 0.10 0.60% |
Total Current Assets | First Reported 2010-12-31 | Previous Quarter 52.9 M | Current Value 50.2 M | Quarterly Volatility 52.8 M |
Check Affinity Bancshares financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Affinity main balance sheet or income statement drivers, such as Interest Expense of 2.7 M, Other Operating Expenses of 38.6 M or Net Income Applicable To Common Shares of 4.3 M, as well as many exotic indicators such as Price To Sales Ratio of 3.56, Dividend Yield of 0.0 or PTB Ratio of 0.96. Affinity financial statements analysis is a perfect complement when working with Affinity Bancshares Valuation or Volatility modules.
Affinity | Total Current Assets |
Latest Affinity Bancshares' Total Current Assets Growth Pattern
Below is the plot of the Total Current Assets of Affinity Bancshares over the last few years. It is the total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle. Affinity Bancshares' Total Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Affinity Bancshares' overall financial position and show how it may be relating to other accounts over time.
| Total Current Assets | 10 Years Trend |
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Total Current Assets |
| Timeline |
Affinity Total Current Assets Regression Statistics
| Arithmetic Mean | 67,376,750 | |
| Geometric Mean | 56,378,540 | |
| Coefficient Of Variation | 78.36 | |
| Mean Deviation | 37,050,500 | |
| Median | 41,399,000 | |
| Standard Deviation | 52,796,283 | |
| Sample Variance | 2787.4T | |
| Range | 171.2M | |
| R-Value | 0.44 | |
| Mean Square Error | 2410.3T | |
| R-Squared | 0.20 | |
| Significance | 0.1 | |
| Slope | 5,240,910 | |
| Total Sum of Squares | 39024.3T |
Affinity Total Current Assets History
About Affinity Bancshares Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Affinity Bancshares income statement, its balance sheet, and the statement of cash flows. Affinity Bancshares investors use historical funamental indicators, such as Affinity Bancshares's Total Current Assets, to determine how well the company is positioned to perform in the future. Although Affinity Bancshares investors may use each financial statement separately, they are all related. The changes in Affinity Bancshares's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Affinity Bancshares'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 Affinity Bancshares Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Affinity Bancshares. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Current Assets | 52.9 M | 50.2 M |
Pair Trading with Affinity Bancshares
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 Affinity Bancshares 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 Affinity Bancshares will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Affinity Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affinity Bancshares 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 Affinity Bancshares - 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 Affinity Bancshares to buy it.
The correlation of Affinity Bancshares 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 Affinity Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affinity Bancshares 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 Affinity Bancshares 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 Affinity Bancshares Correlation against competitors. For more detail on how to invest in Affinity Stock please use our How to Invest in Affinity Bancshares guide.Note that the Affinity Bancshares information on this page should be used as a complementary analysis to other Affinity Bancshares' 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Affinity Stock analysis
When running Affinity Bancshares' price analysis, check to measure Affinity Bancshares' 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 Affinity Bancshares is operating at the current time. Most of Affinity Bancshares' value examination focuses on studying past and present price action to predict the probability of Affinity Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Affinity Bancshares' price. Additionally, you may evaluate how the addition of Affinity Bancshares to your portfolios can decrease your overall portfolio volatility.
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Is Affinity Bancshares' 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 Affinity Bancshares. If investors know Affinity 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 Affinity Bancshares 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 (0.10) | Earnings Share 0.98 | Revenue Per Share 4.587 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0079 |
The market value of Affinity Bancshares is measured differently than its book value, which is the value of Affinity that is recorded on the company's balance sheet. Investors also form their own opinion of Affinity Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Affinity Bancshares' 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 Affinity Bancshares' market value can be influenced by many factors that don't directly affect Affinity Bancshares' 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 Affinity Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Affinity Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Affinity Bancshares' 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.