CNB Financial Earnings Estimate
CNB Financial Earnings per Share Projection vs Actual
About CNB Financial Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of CNB Financial earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current CNB Financial estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as CNB Financial fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania. Cnb Financial operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 659 people.
Pair Trading with CNB 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 CNB 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 CNB Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with CNB Stock
| 0.64 | AX | Axos Financial Earnings Call This Week | PairCorr |
Moving against CNB Stock
| 0.62 | TECTP | Tectonic Financial | PairCorr |
| 0.52 | DB | Deutsche Bank AG Earnings Call Tomorrow | PairCorr |
| 0.45 | CFG-PD | Citizens Financial | PairCorr |
The ability to find closely correlated positions to CNB 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 CNB 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 CNB 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 CNB Financial to buy it.
The correlation of CNB 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 CNB Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNB 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 CNB 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 CNB Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade CNB Stock refer to our How to Trade CNB Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for CNB Stock analysis
When running CNB Financial's price analysis, check to measure CNB 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 CNB Financial is operating at the current time. Most of CNB Financial's value examination focuses on studying past and present price action to predict the probability of CNB 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 CNB Financial's price. Additionally, you may evaluate how the addition of CNB Financial to your portfolios can decrease your overall portfolio volatility.
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Is CNB 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 CNB Financial. If investors know CNB 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 CNB Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of CNB Financial is measured differently than its book value, which is the value of CNB that is recorded on the company's balance sheet. Investors also form their own opinion of CNB Financial's value that differs from its market value or its book value, called intrinsic value, which is CNB 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 CNB Financial's market value can be influenced by many factors that don't directly affect CNB 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 CNB Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNB Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNB 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.