Connectone Bancorp Preferred Stock Fundamentals
| CNOBP Preferred Stock | USD 22.87 0.05 0.22% |
ConnectOne Bancorp fundamentals help investors to digest information that contributes to ConnectOne Bancorp's financial success or failures. It also enables traders to predict the movement of ConnectOne Preferred Stock. The fundamental analysis module provides a way to measure ConnectOne Bancorp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ConnectOne Bancorp preferred stock.
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About ConnectOne Bancorp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ConnectOne Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ConnectOne Bancorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ConnectOne Bancorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the Northern New Jersey and New York Metropolitan area, and South Florida market. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey. Connectone Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 434 people.
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
| 0.69 | MBCN | Middlefield Banc | PairCorr |
| 0.57 | VABK | Virginia National | PairCorr |
| 0.55 | MCBS | MetroCity Bankshares | PairCorr |
| 0.54 | AX | Axos Financial | PairCorr |
| 0.48 | VBTX | Veritex Holdings | 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.