Choiceone Financial Services Stock Market Value
| COFS Stock | USD 37.25 0.23 0.61% |
| Symbol | ChoiceOne |
ChoiceOne Financial Price To Book Ratio
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 ChoiceOne Financial. If investors know ChoiceOne 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 ChoiceOne Financial 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 0.251 | Dividend Share 1.08 | Earnings Share 3.16 | Revenue Per Share 11.254 | Quarterly Revenue Growth 0.239 |
The market value of ChoiceOne Financial is measured differently than its book value, which is the value of ChoiceOne that is recorded on the company's balance sheet. Investors also form their own opinion of ChoiceOne Financial's value that differs from its market value or its book value, called intrinsic value, which is ChoiceOne Financial'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 ChoiceOne Financial's market value can be influenced by many factors that don't directly affect ChoiceOne Financial'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 ChoiceOne Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChoiceOne Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChoiceOne Financial'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.
ChoiceOne Financial '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 ChoiceOne Financial's 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 ChoiceOne Financial.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in ChoiceOne Financial on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding ChoiceOne Financial Services or generate 0.0% return on investment in ChoiceOne Financial over 720 days. ChoiceOne Financial is related to or competes with International Bancshares, Finward Bancorp, Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banki... More
ChoiceOne Financial 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 ChoiceOne Financial's 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 ChoiceOne Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.1067 | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 3.3 |
ChoiceOne Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ChoiceOne Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ChoiceOne Financial's standard deviation. In reality, there are many statistical measures that can use ChoiceOne Financial historical prices to predict the future ChoiceOne Financial's volatility.| Risk Adjusted Performance | 0.1354 | |||
| Jensen Alpha | 0.1769 | |||
| Total Risk Alpha | 0.029 | |||
| Sortino Ratio | 0.1908 | |||
| Treynor Ratio | 0.2492 |
ChoiceOne Financial Backtested Returns
ChoiceOne Financial appears to be very steady, given 3 months investment horizon. ChoiceOne Financial secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ChoiceOne Financial Services, which you can use to evaluate the volatility of the firm. Please makes use of ChoiceOne Financial's Downside Deviation of 1.11, mean deviation of 1.21, and Risk Adjusted Performance of 0.1354 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ChoiceOne Financial holds a performance score of 13. The firm shows a Beta (market volatility) of 1.31, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ChoiceOne Financial will likely underperform. Please check ChoiceOne Financial's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether ChoiceOne Financial's price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
ChoiceOne Financial Services has insignificant reverse predictability. Overlapping area represents the amount of predictability between ChoiceOne Financial 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 ChoiceOne Financial price movement. The serial correlation of -0.15 indicates that less than 15.0% of current ChoiceOne Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 11.67 |
ChoiceOne Financial lagged returns against current returns
Autocorrelation, which is ChoiceOne Financial 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 ChoiceOne Financial's stock expected returns. We can calculate the autocorrelation of ChoiceOne Financial returns to help us make a trade decision. For example, suppose you find that ChoiceOne Financial has exhibited high autocorrelation historically, and you observe that the 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 |
ChoiceOne Financial 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 ChoiceOne Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ChoiceOne Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ChoiceOne Financial stock over time.
Current vs Lagged Prices |
| Timeline |
ChoiceOne Financial Lagged Returns
When evaluating ChoiceOne Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ChoiceOne Financial stock have on its future price. ChoiceOne Financial 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, ChoiceOne Financial autocorrelation shows the relationship between ChoiceOne Financial stock current value and its past values and can show if there is a momentum factor associated with investing in ChoiceOne Financial Services.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ChoiceOne Stock Analysis
When running ChoiceOne Financial's price analysis, check to measure ChoiceOne Financial'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 ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.