Citizens Net Tangible Assets vs Capital Surpluse Analysis

CFG Stock

USD 35.39 0.40 1.14%

Citizens Financial financial indicator trend analysis is way more than just evaluating Citizens Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Citizens Financial is a good investment. Please check the relationship between Citizens Financial Net Tangible Assets and its Capital Surpluse accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citizens Financial Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Net Tangible Assets vs Capital Surpluse

Net Tangible Assets vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Citizens Financial Net Tangible Assets account and Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.

The correlation between Citizens Financial's Net Tangible Assets and Capital Surpluse is 0.75. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Citizens Financial Group, assuming nothing else is changed. The correlation between historical values of Citizens Financial's Net Tangible Assets and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Citizens Financial Group are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Tangible Assets i.e., Citizens Financial's Net Tangible Assets and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Capital Surpluse

Most indicators from Citizens Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Citizens Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citizens Financial Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

At this time, Citizens Financial's Enterprise Value Multiple is most likely to increase significantly in the upcoming years.

	2021	2022	2023	2024 (projected)
Interest Expense	339M	1.0B	4.0B	4.2B
Depreciation And Amortization	625M	565M	478M	424.3M

Interest Expense Depreciation And Amortization

Citizens Financial fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		-0.75	-0.48	0.49	-0.31	0.06	-0.76	0.04	-0.55	-0.67	-0.67	0.33	0.06	0.42	-0.57	-0.79	0.85	0.54	0.5	-0.72	-0.48	0.8	0.67	0.98	-0.75	-0.55
Total Assets	-0.75		0.57	-0.45	0.42	-0.08	0.91	-0.02	0.77	0.98	0.87	-0.65	-0.38	0.1	0.51	0.88	-0.9	-0.32	-0.38	0.91	0.27	-0.91	-0.8	-0.62	1.0	0.9
Short Long Term Debt Total	-0.48	0.57		0.19	-0.34	-0.39	0.45	0.78	0.08	0.48	0.27	-0.35	0.15	0.35	0.91	0.3	-0.33	-0.72	-0.2	0.38	0.73	-0.33	-0.18	-0.43	0.6	0.31
Total Current Liabilities	0.49	-0.45	0.19		-0.8	-0.11	-0.61	0.47	-0.79	-0.46	-0.43	0.25	0.4	0.27	0.03	-0.48	0.63	-0.33	0.2	-0.44	0.09	0.51	0.58	0.43	-0.41	-0.46
Total Stockholder Equity	-0.31	0.42	-0.34	-0.8		-0.12	0.57	-0.65	0.85	0.47	0.46	-0.4	-0.6	-0.18	-0.26	0.48	-0.66	0.6	-0.35	0.53	-0.31	-0.52	-0.57	-0.25	0.37	0.53
Other Liab	0.06	-0.08	-0.39	-0.11	-0.12		-0.08	-0.45	-0.13	-0.06	0.15	0.02	-0.19	-0.27	-0.41	0.03	0.09	-0.09	0.12	-0.14	-0.39	-0.09	-0.18	0.08	-0.07	-0.01
Property Plant And Equipment Net	-0.76	0.91	0.45	-0.61	0.57	-0.08		-0.07	0.87	0.9	0.76	-0.61	-0.42	0.02	0.48	0.77	-0.92	-0.18	-0.43	0.87	0.31	-0.82	-0.72	-0.67	0.9	0.82
Net Debt	0.04	-0.02	0.78	0.47	-0.65	-0.45	-0.07		-0.37	-0.1	-0.38	0.04	0.41	0.43	0.71	-0.32	0.26	-0.52	0.13	-0.19	0.64	0.32	0.33	0.0	0.02	-0.19
Retained Earnings	-0.55	0.77	0.08	-0.79	0.85	-0.13	0.87	-0.37		0.8	0.7	-0.46	-0.47	-0.03	0.14	0.73	-0.84	0.27	-0.25	0.8	0.0	-0.72	-0.72	-0.45	0.74	0.8
Accounts Payable	-0.67	0.98	0.48	-0.46	0.47	-0.06	0.9	-0.1	0.8		0.89	-0.64	-0.41	0.11	0.46	0.85	-0.87	-0.22	-0.37	0.95	0.26	-0.88	-0.75	-0.54	0.97	0.91
Cash	-0.67	0.87	0.27	-0.43	0.46	0.15	0.76	-0.38	0.7	0.89		-0.47	-0.31	-0.1	0.24	0.95	-0.82	-0.21	-0.29	0.86	0.08	-0.94	-0.76	-0.55	0.87	0.77
Non Current Assets Total	0.33	-0.65	-0.35	0.25	-0.4	0.02	-0.61	0.04	-0.46	-0.64	-0.47		0.86	-0.34	-0.18	-0.39	0.63	0.11	0.73	-0.56	0.04	0.63	0.57	0.2	-0.65	-0.64
Non Currrent Assets Other	0.06	-0.38	0.15	0.4	-0.6	-0.19	-0.42	0.41	-0.47	-0.41	-0.31	0.86		-0.24	0.26	-0.2	0.47	-0.31	0.63	-0.37	0.4	0.43	0.45	-0.06	-0.35	-0.5
Other Assets	0.42	0.1	0.35	0.27	-0.18	-0.27	0.02	0.43	-0.03	0.11	-0.1	-0.34	-0.24		0.11	-0.18	0.17	0.13	0.15	-0.05	-0.08	0.18	0.28	0.53	0.12	0.15
Long Term Debt	-0.57	0.51	0.91	0.03	-0.26	-0.41	0.48	0.71	0.14	0.46	0.24	-0.18	0.26	0.11		0.28	-0.36	-0.68	-0.23	0.43	0.94	-0.29	-0.1	-0.58	0.54	0.23
Cash And Short Term Investments	-0.79	0.88	0.3	-0.48	0.48	0.03	0.77	-0.32	0.73	0.85	0.95	-0.39	-0.2	-0.18	0.28		-0.87	-0.26	-0.26	0.85	0.1	-0.94	-0.8	-0.68	0.88	0.79
Net Receivables	0.85	-0.9	-0.33	0.63	-0.66	0.09	-0.92	0.26	-0.84	-0.87	-0.82	0.63	0.47	0.17	-0.36	-0.87		0.19	0.6	-0.91	-0.2	0.93	0.81	0.77	-0.88	-0.83
Good Will	0.54	-0.32	-0.72	-0.33	0.6	-0.09	-0.18	-0.52	0.27	-0.22	-0.21	0.11	-0.31	0.13	-0.68	-0.26	0.19		0.25	-0.21	-0.62	0.28	0.12	0.56	-0.37	-0.1
Common Stock Total Equity	0.5	-0.38	-0.2	0.2	-0.35	0.12	-0.43	0.13	-0.25	-0.37	-0.29	0.73	0.63	0.15	-0.23	-0.26	0.6	0.25		-0.47	-0.21	0.5	0.33	0.49	-0.37	-0.33
Short Term Investments	-0.72	0.91	0.38	-0.44	0.53	-0.14	0.87	-0.19	0.8	0.95	0.86	-0.56	-0.37	-0.05	0.43	0.85	-0.91	-0.21	-0.47		0.3	-0.86	-0.7	-0.63	0.9	0.89
Non Current Liabilities Total	-0.48	0.27	0.73	0.09	-0.31	-0.39	0.31	0.64	0.0	0.26	0.08	0.04	0.4	-0.08	0.94	0.1	-0.2	-0.62	-0.21	0.3		-0.1	0.11	-0.55	0.3	0.01
Inventory	0.8	-0.91	-0.33	0.51	-0.52	-0.09	-0.82	0.32	-0.72	-0.88	-0.94	0.63	0.43	0.18	-0.29	-0.94	0.93	0.28	0.5	-0.86	-0.1		0.88	0.69	-0.9	-0.8
Other Current Assets	0.67	-0.8	-0.18	0.58	-0.57	-0.18	-0.72	0.33	-0.72	-0.75	-0.76	0.57	0.45	0.28	-0.1	-0.8	0.81	0.12	0.33	-0.7	0.11	0.88		0.56	-0.78	-0.75
Other Stockholder Equity	0.98	-0.62	-0.43	0.43	-0.25	0.08	-0.67	0.0	-0.45	-0.54	-0.55	0.2	-0.06	0.53	-0.58	-0.68	0.77	0.56	0.49	-0.63	-0.55	0.69	0.56		-0.62	-0.42
Total Liab	-0.75	1.0	0.6	-0.41	0.37	-0.07	0.9	0.02	0.74	0.97	0.87	-0.65	-0.35	0.12	0.54	0.88	-0.88	-0.37	-0.37	0.9	0.3	-0.9	-0.78	-0.62		0.89
Property Plant And Equipment Gross	-0.55	0.9	0.31	-0.46	0.53	-0.01	0.82	-0.19	0.8	0.91	0.77	-0.64	-0.5	0.15	0.23	0.79	-0.83	-0.1	-0.33	0.89	0.01	-0.8	-0.75	-0.42	0.89

Click cells to compare fundamentals

Citizens Financial Account Relationship Matchups

Citizens Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	451.2M	428.2M	427.4M	477.8M	476.7M	402.8M
Total Assets	165.7B	183.3B	188.4B	226.7B	222.0B	180.5B
Short Long Term Debt Total	14.1B	8.6B	7.0B	15.9B	14.0B	12.2B
Total Current Liabilities	9M	243M	74M	3M	505M	479.8M
Total Stockholder Equity	22.2B	22.7B	23.4B	23.7B	24.3B	23.8B
Other Liab	3.1B	4.8B	3.4B	3.5B	3.1B	2.7B
Property Plant And Equipment Net	761M	759M	768M	844M	895M	781.8M
Net Debt	10.4B	(4.5B)	(2.5B)	5.0B	1.9B	1.8B
Retained Earnings	6.5B	6.4B	8.0B	9.2B	9.8B	5.7B
Accounts Payable	125.3B	147.2B	154.4B	180.7B	207.8B	133.2B
Cash	3.7B	13.0B	9.5B	10.9B	12.0B	6.8B
Non Current Assets Total	32.5B	34.0B	36.2B	9.3B	9.2B	8.8B
Non Currrent Assets Other	(552M)	(800M)	(1.4B)	(33.8B)	(38.6B)	(36.7B)
Other Assets	106.4B	111.4B	115.1B	217.1B	181.2B	128.8B
Long Term Debt	14.2B	8.5B	6.9B	7.4B	13.5B	9.9B
Cash And Short Term Investments	24.3B	36.0B	35.5B	34.9B	31.6B	29.0B
Net Receivables	2.5B	2.0B	1.6B	1.5B	1.1B	1.1B
Good Will	7.0B	7.1B	7.1B	8.2B	8.2B	6.0B
Short Term Investments	20.6B	22.9B	26.1B	24.0B	29.7B	23.3B
Liabilities And Stockholders Equity	165.7B	183.3B	188.4B	226.7B	222.0B	180.5B
Non Current Liabilities Total	14.9B	9.0B	6.9B	3M	13.5B	9.5B
Inventory	(3.7B)	(13.5B)	(10.0B)	(14.2B)	(12.7B)	(12.1B)
Other Current Assets	3.7B	13.5B	10.0B	(36.0B)	13.0B	12.4B
Other Stockholder Equity	14.5B	14.3B	14.1B	17.1B	16.3B	13.3B
Total Liab	143.5B	160.7B	165.0B	203.0B	197.6B	156.7B
Property Plant And Equipment Gross	761M	759M	1.6B	1.7B	1.7B	1.0B
Total Current Assets	26.8B	37.9B	37.1B	316M	31.6B	59.9B
Accumulated Other Comprehensive Income	(411M)	(60M)	(665M)	(4.6B)	(3.8B)	(3.6B)
Short Term Debt	9M	243M	74M	3M	505M	479.8M
Intangible Assets	1.6B	1.6B	64M	197M	157M	149.2M
Property Plant Equipment	761M	759M	768M	844M	970.6M	763.4M
Other Current Liab	(9M)	(243M)	(74M)	(3M)	(505M)	(479.8M)
Net Tangible Assets	13.6B	13.7B	14.3B	13.3B	15.3B	14.5B
Retained Earnings Total Equity	6.5B	6.4B	8.0B	9.2B	10.5B	5.6B
Long Term Debt Total	14.2B	8.5B	6.9B	7.4B	6.6B	8.2B
Capital Surpluse	18.9B	18.9B	19.0B	22.1B	25.5B	21.1B
Deferred Long Term Liab	571M	573M	866M	629M	723.4M	719.1M
Long Term Investments	144.4B	152.3B	28.3B	33.8B	38.6B	36.7B
Short Long Term Debt	9M	243M	74M	3M	505M	479.8M
Preferred Stock Total Equity	840M	1.6B	2.0B	2.0B	2.3B	2.4B

Pair Trading with Citizens 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 Citizens 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 Citizens Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Citizens Stock

0.83

Deutsche Bank AG

Pair Corr

Moving against Citizens Stock

0.62	VBNK	VersaBank Financial Report 5th of June 2024	Pair Corr
0.62	EBTC	Enterprise Bancorp	Pair Corr
0.49	EGBN	Eagle Bancorp Financial Report 24th of July 2024	Pair Corr

The ability to find closely correlated positions to Citizens 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 Citizens 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 Citizens 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 Citizens Financial Group to buy it.

The correlation of Citizens 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 Citizens Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citizens 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 Citizens 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.

Pair Correlation Correlation Matching

When determining whether Citizens Financial is a strong investment it is important to analyze Citizens Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Citizens Financial's future performance. For an informed investment choice regarding Citizens Stock, refer to the following important reports:

How To Invest In Citizens

Details

Is Citizens Stock a good investment?

Details

What is Citizens Financial's Net Worth?

Details

Largest Regional Banks Companies

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Largest Banks - Regional Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citizens Financial Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Note that the Citizens Financial information on this page should be used as a complementary analysis to other Citizens Financial'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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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When running Citizens Financial's price analysis, check to measure Citizens 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 Citizens Financial is operating at the current time. Most of Citizens Financial's value examination focuses on studying past and present price action to predict the probability of Citizens 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 Citizens Financial's price. Additionally, you may evaluate how the addition of Citizens Financial to your portfolios can decrease your overall portfolio volatility.

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Is Citizens 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 Citizens Financial. If investors know Citizens 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 Citizens Financial 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

(0.35)

Dividend Share

1.68

Earnings Share

2.78

Revenue Per Share

15.701

Quarterly Revenue Growth

(0.09)

The market value of Citizens Financial is measured differently than its book value, which is the value of Citizens that is recorded on the company's balance sheet. Investors also form their own opinion of Citizens Financial's value that differs from its market value or its book value, called intrinsic value, which is Citizens 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 Citizens Financial's market value can be influenced by many factors that don't directly affect Citizens 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 Citizens Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citizens Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citizens 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.

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Citizens Net Tangible Assets vs Capital Surpluse Analysis

Net Tangible Assets vs Capital Surpluse

Net Tangible Assets vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Capital Surpluse

Citizens Financial fundamental ratios Correlations

Citizens Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Citizens Financial fundamental ratios Accounts

Pair Trading with Citizens Financial

Moving together with Citizens Stock

Moving against Citizens Stock

Complementary Tools for Citizens Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Other Stockholder Equity	+ 0.98	Common Stock Shares Outstanding
Accounts Payable	+ 0.98	Total Assets
Total Liab	+ 0.97	Accounts Payable
Short Term Investments	+ 0.95	Accounts Payable
Cash And Short Term Investments	+ 0.95	Cash

Inventory	- 0.94	Cash And Short Term Investments
Inventory	- 0.94	Cash
Net Receivables	- 0.92	Property Plant And Equipment Net
Short Term Investments	- 0.91	Net Receivables
Inventory	- 0.91	Total Assets
Total Liab	- 0.9	Inventory