Connectone Bancorp Preferred Stock Market Value
| CNOBP Preferred Stock | USD 22.20 0.19 0.86% |
| Symbol | ConnectOne |
ConnectOne Bancorp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ConnectOne Bancorp's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ConnectOne Bancorp.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in ConnectOne Bancorp on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding ConnectOne Bancorp or generate 0.0% return on investment in ConnectOne Bancorp over 540 days. ConnectOne Bancorp is related to or competes with KeyCorp, KeyCorp, Fifth Third, Citizens Financial, and Regions Financial. ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking produ... More
ConnectOne Bancorp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ConnectOne Bancorp's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ConnectOne Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0254 | |||
| Maximum Drawdown | 5.84 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.75 |
ConnectOne Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ConnectOne Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ConnectOne Bancorp's standard deviation. In reality, there are many statistical measures that can use ConnectOne Bancorp historical prices to predict the future ConnectOne Bancorp's volatility.| Risk Adjusted Performance | 0.126 | |||
| Jensen Alpha | 0.1483 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0233 | |||
| Treynor Ratio | 3.92 |
ConnectOne Bancorp Backtested Returns
Currently, ConnectOne Bancorp is very steady. ConnectOne Bancorp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for ConnectOne Bancorp, which you can use to evaluate the volatility of the firm. Please confirm ConnectOne Bancorp's Mean Deviation of 0.6965, downside deviation of 1.1, and Risk Adjusted Performance of 0.126 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. ConnectOne Bancorp has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0391, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ConnectOne Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding ConnectOne Bancorp is expected to be smaller as well. ConnectOne Bancorp right now shows a risk of 1.03%. Please confirm ConnectOne Bancorp semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if ConnectOne Bancorp will be following its price patterns.
Auto-correlation | 0.88 |
Very good predictability
ConnectOne Bancorp has very good predictability. Overlapping area represents the amount of predictability between ConnectOne Bancorp time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ConnectOne Bancorp price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current ConnectOne Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
ConnectOne Bancorp lagged returns against current returns
Autocorrelation, which is ConnectOne Bancorp preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ConnectOne Bancorp's preferred stock expected returns. We can calculate the autocorrelation of ConnectOne Bancorp returns to help us make a trade decision. For example, suppose you find that ConnectOne Bancorp has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ConnectOne Bancorp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ConnectOne Bancorp preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ConnectOne Bancorp preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ConnectOne Bancorp preferred stock over time.
Current vs Lagged Prices |
| Timeline |
ConnectOne Bancorp Lagged Returns
When evaluating ConnectOne Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ConnectOne Bancorp preferred stock have on its future price. ConnectOne Bancorp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ConnectOne Bancorp autocorrelation shows the relationship between ConnectOne Bancorp preferred stock current value and its past values and can show if there is a momentum factor associated with investing in ConnectOne Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with ConnectOne Bancorp
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 ConnectOne Bancorp 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 ConnectOne Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with ConnectOne Preferred Stock
Moving against ConnectOne Preferred Stock
| 0.42 | TFC-PO | Truist Financial | PairCorr |
| 0.34 | TFC-PR | Truist Financial | PairCorr |
| 0.33 | CFG-PE | Citizens Financial | PairCorr |
The ability to find closely correlated positions to ConnectOne Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConnectOne Bancorp 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 ConnectOne Bancorp - 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 ConnectOne Bancorp to buy it.
The correlation of ConnectOne Bancorp 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 ConnectOne Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConnectOne 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 ConnectOne Bancorp 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.Additional Tools for ConnectOne Preferred Stock Analysis
When running ConnectOne Bancorp's price analysis, check to measure ConnectOne Bancorp'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 ConnectOne Bancorp is operating at the current time. Most of ConnectOne Bancorp's value examination focuses on studying past and present price action to predict the probability of ConnectOne Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConnectOne Bancorp's price. Additionally, you may evaluate how the addition of ConnectOne Bancorp to your portfolios can decrease your overall portfolio volatility.