CNX Pretax Profit Margin from 2010 to 2024
| CNX Stock | USD 24.07 0.03 0.12% |
Pretax Profit Margin | First Reported 2010-12-31 | Previous Quarter 1.4787008 | Current Value 1.55 | Quarterly Volatility 0.5975271 |
Check CNX Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CNX main balance sheet or income statement drivers, such as Depreciation And Amortization of 452.3 M, Interest Expense of 166 M or Selling General Administrative of 142.4 M, as well as many exotic indicators such as Price To Sales Ratio of 1.17, Dividend Yield of 0.56 or PTB Ratio of 0.71. CNX financial statements analysis is a perfect complement when working with CNX Resources Valuation or Volatility modules.
CNX | Pretax Profit Margin |
Latest CNX Resources' Pretax Profit Margin Growth Pattern
Below is the plot of the Pretax Profit Margin of CNX Resources Corp over the last few years. It is CNX Resources' Pretax Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CNX Resources' overall financial position and show how it may be relating to other accounts over time.
| Pretax Profit Margin | 10 Years Trend |
|
Pretax Profit Margin |
| Timeline |
CNX Pretax Profit Margin Regression Statistics
| Arithmetic Mean | 0.19 | |
| Coefficient Of Variation | 322.79 | |
| Mean Deviation | 0.41 | |
| Median | 0.04 | |
| Standard Deviation | 0.60 | |
| Sample Variance | 0.36 | |
| Range | 2.1056 | |
| R-Value | 0.44 | |
| Mean Square Error | 0.31 | |
| R-Squared | 0.19 | |
| Significance | 0.10 | |
| Slope | 0.06 | |
| Total Sum of Squares | 5.00 |
CNX Pretax Profit Margin History
About CNX Resources Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CNX Resources income statement, its balance sheet, and the statement of cash flows. CNX Resources investors use historical funamental indicators, such as CNX Resources's Pretax Profit Margin, to determine how well the company is positioned to perform in the future. Although CNX Resources investors may use each financial statement separately, they are all related. The changes in CNX Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CNX Resources'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 CNX Resources Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CNX Resources. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | 1.48 | 1.55 |
CNX Resources Investors Sentiment
The influence of CNX Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CNX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CNX Resources' public news can be used to forecast risks associated with an investment in CNX. The trend in average sentiment can be used to explain how an investor holding CNX can time the market purely based on public headlines and social activities around CNX Resources Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CNX Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CNX Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CNX Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on CNX Resources.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CNX Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CNX Resources' short interest history, or implied volatility extrapolated from CNX Resources options trading.
Pair Trading with CNX Resources
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 CNX Resources 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 CNX Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with CNX Stock
| 0.95 | AR | Antero Resources Corp Earnings Call Tomorrow | PairCorr |
| 0.93 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.95 | SD | SandRidge Energy | PairCorr |
| 0.94 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
Moving against CNX Stock
| 0.69 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to CNX Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNX Resources 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 CNX Resources - 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 CNX Resources Corp to buy it.
The correlation of CNX Resources 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 CNX Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNX Resources Corp 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 CNX Resources 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 CNX Resources Correlation against competitors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for CNX Stock analysis
When running CNX Resources' price analysis, check to measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.
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Is CNX Resources' 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 CNX Resources. If investors know CNX 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 CNX Resources 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 (0.51) | Earnings Share 8.99 | Revenue Per Share 9.002 | Quarterly Revenue Growth (0.59) | Return On Assets 0.1633 |
The market value of CNX Resources Corp is measured differently than its book value, which is the value of CNX that is recorded on the company's balance sheet. Investors also form their own opinion of CNX Resources' value that differs from its market value or its book value, called intrinsic value, which is CNX Resources' 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 CNX Resources' market value can be influenced by many factors that don't directly affect CNX Resources' 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 CNX Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if CNX Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNX Resources' 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.