Ccfnb Bancorp Stock Market Value
| CCFN Stock | USD 38.50 1.34 3.36% |
| Symbol | CCFNB |
CCFNB 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 CCFNB Bancorp's otc 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 CCFNB Bancorp.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in CCFNB Bancorp on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding CCFNB Bancorp or generate 0.0% return on investment in CCFNB Bancorp over 720 days. CCFNB Bancorp is related to or competes with Susquehanna Community, Mifflinburg Bancorp, Woodlands Financial, Penns Woods, First IC, Glen Burnie, and ENB Financial. CCFNB Bancorp, Inc. operates as the holding company for First Columbia Bank Trust Co More
CCFNB 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 CCFNB Bancorp's otc 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 CCFNB Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.06 | |||
| Maximum Drawdown | 8.65 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.25 |
CCFNB Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CCFNB Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CCFNB Bancorp's standard deviation. In reality, there are many statistical measures that can use CCFNB Bancorp historical prices to predict the future CCFNB Bancorp's volatility.| Risk Adjusted Performance | 0.0989 | |||
| Jensen Alpha | 0.2509 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0559 | |||
| Treynor Ratio | (1.78) |
CCFNB Bancorp Backtested Returns
CCFNB Bancorp appears to be very steady, given 3 months investment horizon. CCFNB Bancorp secures Sharpe Ratio (or Efficiency) of 0.0958, which signifies that the company had a 0.0958% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CCFNB Bancorp, which you can use to evaluate the volatility of the entity. Please makes use of CCFNB Bancorp's coefficient of variation of 824.52, and Mean Deviation of 1.55 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CCFNB Bancorp holds a performance score of 7. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CCFNB Bancorp are expected to decrease at a much lower rate. During the bear market, CCFNB Bancorp is likely to outperform the market. Please check CCFNB Bancorp's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether CCFNB Bancorp's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
CCFNB Bancorp has good reverse predictability. Overlapping area represents the amount of predictability between CCFNB Bancorp time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 CCFNB Bancorp price movement. The serial correlation of -0.51 indicates that about 51.0% of current CCFNB Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 3.67 |
CCFNB Bancorp lagged returns against current returns
Autocorrelation, which is CCFNB Bancorp otc 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 CCFNB Bancorp's otc stock expected returns. We can calculate the autocorrelation of CCFNB Bancorp returns to help us make a trade decision. For example, suppose you find that CCFNB Bancorp has exhibited high autocorrelation historically, and you observe that the otc 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 |
CCFNB 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 CCFNB Bancorp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CCFNB Bancorp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CCFNB Bancorp otc stock over time.
Current vs Lagged Prices |
| Timeline |
CCFNB Bancorp Lagged Returns
When evaluating CCFNB Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CCFNB Bancorp otc stock have on its future price. CCFNB 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, CCFNB Bancorp autocorrelation shows the relationship between CCFNB Bancorp otc stock current value and its past values and can show if there is a momentum factor associated with investing in CCFNB Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with CCFNB 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 CCFNB 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 CCFNB Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving against CCFNB OTC Stock
| 0.75 | PKX | POSCO Holdings | PairCorr |
| 0.67 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.6 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.46 | EC | Ecopetrol SA ADR | PairCorr |
| 0.37 | PTAIY | Astra International Tbk | PairCorr |
The ability to find closely correlated positions to CCFNB 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 CCFNB 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 CCFNB 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 CCFNB Bancorp to buy it.
The correlation of CCFNB 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 CCFNB Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CCFNB 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 CCFNB 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.Other Information on Investing in CCFNB OTC Stock
CCFNB Bancorp financial ratios help investors to determine whether CCFNB OTC 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 CCFNB with respect to the benefits of owning CCFNB Bancorp security.