Commerce Property Plant And Equipment Net vs Cash And Short Term Investments Analysis
CBSH Stock | USD 57.08 0.67 1.19% |
Commerce Bancshares financial indicator trend analysis is way more than just evaluating Commerce Bancshares prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commerce Bancshares is a good investment. Please check the relationship between Commerce Bancshares Property Plant And Equipment Net and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commerce Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more detail on how to invest in Commerce Stock please use our How to Invest in Commerce Bancshares guide.
Property Plant And Equipment Net vs Cash And Short Term Investments
Property Plant And Equipment Net vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commerce Bancshares Property Plant And Equipment Net account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Commerce Bancshares' Property Plant And Equipment Net and Cash And Short Term Investments is 0.6. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Commerce Bancshares, assuming nothing else is changed. The correlation between historical values of Commerce Bancshares' Property Plant And Equipment Net and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Commerce Bancshares are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Commerce Bancshares' Property Plant And Equipment Net and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Commerce Bancshares balance sheet. This account contains Commerce Bancshares investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Commerce Bancshares fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Commerce Bancshares' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commerce Bancshares current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commerce Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more detail on how to invest in Commerce Stock please use our How to Invest in Commerce Bancshares guide.The Commerce Bancshares' current Enterprise Value is estimated to increase to about 7.3 B, while Selling General Administrative is projected to decrease to under 388.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.5B | 2.0B | 2.1B | Total Revenue | 1.4B | 1.5B | 2.0B | 2.1B |
Commerce Bancshares fundamental ratios Correlations
Click cells to compare fundamentals
Commerce Bancshares Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Commerce Bancshares fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 138.6M | 135.0M | 134.4M | 131.8M | 130.1M | 134.5M | |
Total Assets | 26.1B | 32.9B | 36.7B | 31.9B | 31.7B | 19.2B | |
Short Long Term Debt Total | 2.4M | 802K | 12.6M | 9.7M | 2.9B | 3.1B | |
Other Current Liab | 6.9B | 10.5B | 11.8B | 10.1B | 8.0B | 9.7B | |
Total Current Liabilities | 8.7B | 12.6B | 14.8B | 12.9B | 10.9B | 11.7B | |
Total Stockholder Equity | 3.1B | 3.4B | 3.4B | 2.5B | 2.9B | 1.9B | |
Property Plant And Equipment Net | 370.6M | 371.1M | 388.7M | 418.9M | 469.1M | 342.0M | |
Net Debt | (885.0M) | (2.2B) | (4.3B) | (832.0M) | 228.1M | 239.5M | |
Retained Earnings | 201.6M | 73M | 92.5M | 31.6M | 53.2M | 50.5M | |
Accounts Payable | 20.5B | 26.9B | 29.8B | 26.2B | 30.1B | 31.6B | |
Cash | 887.5M | 2.2B | 4.3B | 841.6M | 2.7B | 2.8B | |
Non Current Assets Total | 9.3B | 13.2B | 15.2B | 13.0B | 28.5B | 30.0B | |
Non Currrent Assets Other | (66.7M) | (95.4M) | (15.2B) | (45.5M) | 938.1M | 985.0M | |
Other Assets | 7.3B | 5.1B | 2.7B | 5.7B | 6.6B | 6.3B | |
Cash And Short Term Investments | 9.5B | 14.6B | 18.7B | 13.1B | 10.4B | 10.9B | |
Liabilities And Stockholders Equity | 26.1B | 32.9B | 36.7B | 31.9B | 31.7B | 19.2B | |
Non Current Liabilities Total | 2.4M | 802K | 12.6M | 29.4B | 17.9B | 18.7B | |
Other Stockholder Equity | 2.1B | 2.4B | 2.7B | 2.9B | 3.1B | 3.3B | |
Total Liab | 2.4M | 802K | 12.6M | 29.4B | 28.7B | 14.6B | |
Property Plant And Equipment Gross | 370.6M | 371.1M | 981.8M | 1.0B | 1.1B | 1.1B | |
Total Current Assets | 9.5B | 14.6B | 18.7B | 13.1B | 3.2B | 3.0B | |
Accumulated Other Comprehensive Income | 110.4M | 331.4M | 77.1M | (1.1B) | (891.4M) | (846.8M) | |
Common Stock | 564.0M | 589.4M | 610.8M | 629.3M | 655.3M | 479.8M | |
Other Current Assets | 1.8B | 3.2B | 6.0B | 1.9B | 3.2B | 5.9B | |
Common Stock Total Equity | 564.0M | 589.4M | 610.8M | 629.3M | 723.7M | 487.0M | |
Other Liab | 516.5M | 477.1M | 392.2M | 275.3M | 316.6M | 277.0M | |
Long Term Debt | 2.4M | 802K | 12.6M | 9.7M | 1.4M | 1.3M | |
Short Term Investments | 8.6B | 12.4B | 14.5B | 12.2B | 9.7B | 8.1B | |
Inventory | 365K | 93K | 115K | 96K | 86.4K | 82.1K | |
Treasury Stock | (37.5M) | (33.0M) | (33.0M) | (41.7M) | (37.6M) | (35.7M) | |
Intangible Assets | 9.5M | 11.2M | 15.6M | 15.2M | 14.2M | 12.4M | |
Property Plant Equipment | 370.6M | 371.1M | 388.7M | 418.9M | 481.7M | 395.8M | |
Short Term Debt | 1.9B | 2.1B | 3.0B | 2.8B | 2.9B | 2.2B | |
Net Tangible Assets | 2.8B | 3.2B | 3.3B | 2.3B | 2.7B | 2.7B | |
Noncontrolling Interest In Consolidated Entity | 3.8M | 2.9M | 11.0M | 16.3M | 18.7M | 19.7M | |
Retained Earnings Total Equity | 201.6M | 73M | 92.5M | 31.6M | 28.5M | 27.0M | |
Capital Surpluse | 2.2B | 2.4B | 2.7B | 2.9B | 3.4B | 2.0B |
Pair Trading with Commerce Bancshares
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 Commerce Bancshares 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 Commerce Bancshares will appreciate offsetting losses from the drop in the long position's value.Moving together with Commerce Stock
0.62 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
0.77 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
0.76 | DB | Deutsche Bank AG Sell-off Trend | PairCorr |
Moving against Commerce Stock
0.79 | ECBK | ECB Bancorp | PairCorr |
0.6 | VBNK | VersaBank Financial Report 5th of June 2024 | PairCorr |
0.52 | TFC-PR | Truist Financial | PairCorr |
The ability to find closely correlated positions to Commerce Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commerce Bancshares 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 Commerce Bancshares - 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 Commerce Bancshares to buy it.
The correlation of Commerce Bancshares 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 Commerce Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commerce Bancshares 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 Commerce Bancshares 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commerce Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more detail on how to invest in Commerce Stock please use our How to Invest in Commerce Bancshares guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running Commerce Bancshares' price analysis, check to measure Commerce Bancshares' 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 Commerce Bancshares is operating at the current time. Most of Commerce Bancshares' value examination focuses on studying past and present price action to predict the probability of Commerce Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commerce Bancshares' price. Additionally, you may evaluate how the addition of Commerce Bancshares to your portfolios can decrease your overall portfolio volatility.
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Is Commerce Bancshares' industry 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 Commerce Bancshares. If investors know Commerce 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 Commerce Bancshares 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 (0.05) | Dividend Share 1.041 | Earnings Share 3.59 | Revenue Per Share 12.095 | Quarterly Revenue Growth 0.041 |
The market value of Commerce Bancshares is measured differently than its book value, which is the value of Commerce that is recorded on the company's balance sheet. Investors also form their own opinion of Commerce Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Commerce Bancshares' 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 Commerce Bancshares' market value can be influenced by many factors that don't directly affect Commerce Bancshares' 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 Commerce Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Commerce Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commerce Bancshares' 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.