CIT Financial Statements From 2010 to 2024
| FCNCO Preferred Stock | USD 23.08 0.31 1.33% |
Check CIT Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CIT Group's main balance sheet or income statement drivers, such as , as well as many indicators such as . CIT financial statements analysis is a perfect complement when working with CIT Group Valuation or Volatility modules.
CIT |
About CIT Group Financial Statements
CIT Group investors utilize fundamental indicators, such as revenue or net income, to predict how CIT Preferred 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.
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina. First Citizens operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 6578 people.
Pair Trading with CIT Group
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 CIT Group 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 CIT Group will appreciate offsetting losses from the drop in the long position's value.Moving against CIT Preferred Stock
| 0.43 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.42 | AX | Axos Financial | PairCorr |
| 0.41 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.39 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.36 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
The ability to find closely correlated positions to CIT Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIT Group 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 CIT Group - 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 CIT Group Preferred to buy it.
The correlation of CIT Group 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 CIT Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIT Group Preferred 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 CIT Group 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.Other Information on Investing in CIT Preferred Stock
CIT Group financial ratios help investors to determine whether CIT Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CIT with respect to the benefits of owning CIT Group security.