Community Other Current Assets from 2010 to 2024

CTBI Stock  USD 42.77  0.57  1.32%   
Community Trust's Other Current Assets are decreasing with slightly volatile movements from year to year. Other Current Assets are predicted to flatten to about 55.9 M. Other Current Assets is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. View All Fundamentals
 
Other Current Assets  
First Reported
1991-09-30
Previous Quarter
58.8 M
Current Value
55.8 M
Quarterly Volatility
749.2 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Community Trust financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Community main balance sheet or income statement drivers, such as Interest Expense of 100.3 M, Other Operating Expenses of 239.1 M or Operating Income of 60.8 M, as well as many exotic indicators such as Price To Sales Ratio of 2.49, Dividend Yield of 0.0275 or PTB Ratio of 1.63. Community financial statements analysis is a perfect complement when working with Community Trust Valuation or Volatility modules.
  
This module can also supplement Community Trust's financial leverage analysis and stock options assessment as well as various Community Trust Technical models . Check out the analysis of Community Trust Correlation against competitors.

Latest Community Trust's Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of Community Trust Bancorp over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Community Trust's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Community Trust's overall financial position and show how it may be relating to other accounts over time.
Other Current Assets10 Years Trend
Slightly volatile
   Other Current Assets   
       Timeline  

Community Other Current Assets Regression Statistics

Arithmetic Mean1,450,696,490
Geometric Mean776,527,295
Coefficient Of Variation77.21
Mean Deviation1,041,335,877
Median2,098,012,000
Standard Deviation1,120,148,749
Sample Variance1254733.2T
Range2.7B
R-Value(0.70)
Mean Square Error680574.9T
R-Squared0.50
Significance0
Slope(176,461,156)
Total Sum of Squares17566265.1T

Community Other Current Assets History

202455.9 M
202358.8 M
2022152.2 M
2021330.9 M
2020362 M
2019299.2 M
20182.8 B

About Community Trust Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Community Trust income statement, its balance sheet, and the statement of cash flows. Community Trust investors use historical funamental indicators, such as Community Trust's Other Current Assets, to determine how well the company is positioned to perform in the future. Although Community Trust investors may use each financial statement separately, they are all related. The changes in Community Trust's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Community Trust'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 Community Trust Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Community Trust. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Other Current Assets58.8 M55.9 M

Pair Trading with Community Trust

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 Community Trust 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 Community Trust will appreciate offsetting losses from the drop in the long position's value.

Moving together with Community Stock

  0.66PB Prosperity Bancshares Normal TradingPairCorr
The ability to find closely correlated positions to Community Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Community Trust 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 Community Trust - 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 Community Trust Bancorp to buy it.
The correlation of Community Trust 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 Community Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Community Trust 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 Community Trust 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 Community Trust Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Community Trust'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 Community Trust Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Community Trust Bancorp Stock:
Check out the analysis of Community Trust Correlation against competitors.
Note that the Community Trust Bancorp information on this page should be used as a complementary analysis to other Community Trust'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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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Is Community Trust'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 Community Trust. If investors know Community 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 Community Trust 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
1.82
Earnings Share
4.32
Revenue Per Share
12.341
Quarterly Revenue Growth
0.003
The market value of Community Trust Bancorp is measured differently than its book value, which is the value of Community that is recorded on the company's balance sheet. Investors also form their own opinion of Community Trust's value that differs from its market value or its book value, called intrinsic value, which is Community Trust'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 Community Trust's market value can be influenced by many factors that don't directly affect Community Trust'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 Community Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Community Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Community Trust'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.