Commerce Short Term Investments vs Common Stock Total Equity Analysis
CBSH Stock | USD 56.41 0.39 0.70% |
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 Short Term Investments and its Common Stock Total Equity 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.
Short Term Investments vs Common Stock Total Equity
Short Term Investments vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commerce Bancshares Short Term Investments account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Commerce Bancshares' Short Term Investments and Common Stock Total Equity is 0.71. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock Total Equity 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' Short Term Investments and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Commerce Bancshares are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Short Term Investments i.e., Commerce Bancshares' Short Term Investments and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of Commerce Bancshares balance sheet. It contains any investments Commerce Bancshares undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Commerce Bancshares can easily liquidate in the marketplace.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.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
0.72 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
0.74 | DB | Deutsche Bank AG Normal Trading | PairCorr |
Moving against Commerce Stock
0.75 | ECBK | ECB Bancorp | PairCorr |
0.58 | VBNK | VersaBank Financial Report 5th of June 2024 | PairCorr |
0.58 | EGBN | Eagle Bancorp Financial Report 24th of July 2024 | PairCorr |
0.51 | TFC-PR | Truist Financial | PairCorr |
0.43 | EBTC | Enterprise Bancorp | 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Commerce Stock analysis
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 3.6 | 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.