ConnectOne Fixed Asset Turnover from 2010 to 2024

CNOB Stock  USD 19.50  0.14  0.72%   
ConnectOne Bancorp's Fixed Asset Turnover is increasing over the years with slightly volatile fluctuation. Overall, Fixed Asset Turnover is expected to go to 12.37 this year. From 2010 to 2024 ConnectOne Bancorp Fixed Asset Turnover quarterly data regression line had arithmetic mean of  6.37 and r-squared of  0.78. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
11.78109662
Current Value
12.37
Quarterly Volatility
2.94690407
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ConnectOne Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ConnectOne main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.2 M, Interest Expense of 29.3 M or Selling General Administrative of 101.5 M, as well as many exotic indicators such as Short Term Coverage Ratios of 0.0885, Price Earnings Ratio of 9.71 or Price To Sales Ratio of 1.68. ConnectOne financial statements analysis is a perfect complement when working with ConnectOne Bancorp Valuation or Volatility modules.
  
This module can also supplement ConnectOne Bancorp's financial leverage analysis and stock options assessment as well as various ConnectOne Bancorp Technical models . Check out the analysis of ConnectOne Bancorp Correlation against competitors.
For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.

Latest ConnectOne Bancorp's Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of ConnectOne Bancorp over the last few years. It is ConnectOne Bancorp's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ConnectOne Bancorp's overall financial position and show how it may be relating to other accounts over time.
Fixed Asset Turnover10 Years Trend
Slightly volatile
   Fixed Asset Turnover   
       Timeline  

ConnectOne Fixed Asset Turnover Regression Statistics

Arithmetic Mean6.37
Geometric Mean5.73
Coefficient Of Variation46.26
Mean Deviation2.24
Median5.65
Standard Deviation2.95
Sample Variance8.68
Range10.5433
R-Value0.88
Mean Square Error2.08
R-Squared0.78
Significance0.000014
Slope0.58
Total Sum of Squares121.58

ConnectOne Fixed Asset Turnover History

2024 12.37
2023 11.78
2022 8.3
2021 6.94
2020 5.46
2018 8.55
2017 7.08

About ConnectOne Bancorp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include ConnectOne Bancorp income statement, its balance sheet, and the statement of cash flows. ConnectOne Bancorp investors use historical funamental indicators, such as ConnectOne Bancorp's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although ConnectOne Bancorp investors may use each financial statement separately, they are all related. The changes in ConnectOne Bancorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ConnectOne Bancorp'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 ConnectOne Bancorp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ConnectOne Bancorp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Fixed Asset Turnover 11.78  12.37 

Pair Trading with ConnectOne Bancorp

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 ConnectOne Bancorp 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 ConnectOne Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with ConnectOne Stock

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Moving against ConnectOne Stock

  0.91KB KB Financial Group Financial Report 20th of May 2024 PairCorr
  0.89WF Woori Financial Group Financial Report 21st of May 2024 PairCorr
  0.8MFBP MF BancorpPairCorr
  0.76RF-PC Regions FinancialPairCorr
  0.74RF-PB Regions FinancialPairCorr
The ability to find closely correlated positions to ConnectOne Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConnectOne Bancorp 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 ConnectOne Bancorp - 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 ConnectOne Bancorp to buy it.
The correlation of ConnectOne Bancorp 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 ConnectOne Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConnectOne Bancorp 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 ConnectOne Bancorp 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 CorrelationCorrelation Matching
When determining whether ConnectOne Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ConnectOne Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Connectone Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Connectone Bancorp Stock:
Check out the analysis of ConnectOne Bancorp Correlation against competitors.
For information on how to trade ConnectOne Stock refer to our How to Trade ConnectOne Stock guide.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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Is ConnectOne Bancorp'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 ConnectOne Bancorp. If investors know ConnectOne 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 ConnectOne Bancorp 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
(0.41)
Dividend Share
0.68
Earnings Share
2.07
Revenue Per Share
6.723
Quarterly Revenue Growth
(0.19)
The market value of ConnectOne Bancorp is measured differently than its book value, which is the value of ConnectOne that is recorded on the company's balance sheet. Investors also form their own opinion of ConnectOne Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ConnectOne Bancorp'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 ConnectOne Bancorp's market value can be influenced by many factors that don't directly affect ConnectOne Bancorp'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 ConnectOne Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ConnectOne Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConnectOne Bancorp'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.