City Other Current Assets from 2010 to 2024

CHCO Stock  USD 129.74  0.87  0.68%   
City Holding Other Current Assets yearly trend continues to be very stable with very little volatility. Other Current Assets are likely to drop to about 168.4 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
2002-06-30
Previous Quarter
240.4 M
Current Value
316.5 M
Quarterly Volatility
1.1 B
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check City Holding financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among City Holding's main balance sheet or income statement drivers, such as Interest Expense of 26.2 M, Other Operating Expenses of 78.3 M or Operating Income of 155.7 M, as well as many indicators such as Price To Sales Ratio of 3.06, Dividend Yield of 0.0242 or PTB Ratio of 1.54. City financial statements analysis is a perfect complement when working with City Holding Valuation or Volatility modules.
  
Check out the analysis of City Holding Correlation against competitors.
To learn how to invest in City Stock, please use our How to Invest in City Holding guide.

Latest City Holding's Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of City Holding 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. City Holding's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in City Holding'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  

City Other Current Assets Regression Statistics

Arithmetic Mean1,579,970,047
Geometric Mean993,273,164
Coefficient Of Variation71.00
Mean Deviation1,008,112,211
Median1,918,834,000
Standard Deviation1,121,716,605
Sample Variance1258248.1T
Range2.9B
R-Value(0.69)
Mean Square Error710931.8T
R-Squared0.48
Significance0
Slope(172,930,222)
Total Sum of Squares17615474T

City Other Current Assets History

2024168.4 M
2023177.3 M
2022219.2 M
2021651.6 M
2020546.2 M
2019156.4 M
2018B

About City Holding Financial Statements

City Holding investors utilize fundamental indicators, such as Other Current Assets, to predict how City Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Other Current Assets177.3 M168.4 M

Pair Trading with City Holding

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 City Holding 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 City Holding will appreciate offsetting losses from the drop in the long position's value.

Moving together with City Stock

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Moving against City Stock

  0.72CFG-PE Citizens FinancialPairCorr
  0.64TFC-PR Truist FinancialPairCorr
  0.63TFC-PO Truist FinancialPairCorr
  0.32WF Woori Financial GroupPairCorr
The ability to find closely correlated positions to City Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace City Holding 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 City Holding - 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 City Holding to buy it.
The correlation of City Holding 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 City Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if City Holding 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 City Holding 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 City Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of City Holding'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 City Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on City Holding Stock:
Check out the analysis of City Holding Correlation against competitors.
To learn how to invest in City Stock, please use our How to Invest in City Holding guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Regional Banks space 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 City Holding. If investors know City 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 City Holding 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
0.019
Dividend Share
2.93
Earnings Share
7.8
Revenue Per Share
19.688
Quarterly Revenue Growth
0.026
The market value of City Holding is measured differently than its book value, which is the value of City that is recorded on the company's balance sheet. Investors also form their own opinion of City Holding's value that differs from its market value or its book value, called intrinsic value, which is City Holding'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 City Holding's market value can be influenced by many factors that don't directly affect City Holding'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 City Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if City Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, City Holding'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.