Chemung Financial Corp Stock Alpha and Beta Analysis
| CHMG Stock | USD 43.09 0.01 0.02% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Chemung Financial Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Chemung Financial over a specified time horizon. Remember, high Chemung Financial's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Chemung Financial's market risk premium analysis include:
Beta 0.82 | Alpha 0.0207 | Risk 1.59 | Sharpe Ratio 0.0362 | Expected Return 0.0576 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Chemung |
Chemung Financial Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Chemung Financial market risk premium is the additional return an investor will receive from holding Chemung Financial long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Chemung Financial. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Chemung Financial's performance over market.| α | 0.02 | β | 0.82 |
Chemung Financial expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Chemung Financial's Buy-and-hold return. Our buy-and-hold chart shows how Chemung Financial performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Chemung Financial Market Price Analysis
Market price analysis indicators help investors to evaluate how Chemung Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chemung Financial shares will generate the highest return on investment. By understating and applying Chemung Financial stock market price indicators, traders can identify Chemung Financial position entry and exit signals to maximize returns.
Chemung Financial Return and Market Media
The median price of Chemung Financial for the period between Mon, Mar 11, 2024 and Sun, Jun 9, 2024 is 42.98 with a coefficient of variation of 3.04. The daily time series for the period is distributed with a sample standard deviation of 1.29, arithmetic mean of 42.33, and mean deviation of 1.07. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Kenefick Jeffrey P. of 1428 shares of Chemung Financial at 49.05 subject to Rule 16b-3 | 03/22/2024 |
| Chemung Financial dividend paid on 1st of April 2024 | 04/01/2024 |
2 | Chemung Financial Corporation ReportsFirst Quarter 2024 Net Income of 7.1 million, or 1.48 per share | 04/18/2024 |
3 | Investment Report - Stock Traders Daily | 04/30/2024 |
4 | Chemung Financial First Quarter 2024 Earnings EPS Beats Expectations | 05/10/2024 |
5 | Short Interest in Chemung Financial Co. Increases By 19.7 percent - MarketBeat | 05/14/2024 |
6 | Acquisition by Gonick Denise V of 611 shares of Chemung Financial at 45.89 subject to Rule 16b-3 | 05/23/2024 |
7 | Chemung financial exec acquires shares worth over 6.5k | 06/04/2024 |
About Chemung Financial Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Chemung or other stocks. Alpha measures the amount that position in Chemung Financial Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0244 | 0.0269 | 0.0248 | 0.0353 | Price To Sales Ratio | 2.46 | 2.28 | 1.71 | 1.63 |
Chemung Financial Upcoming Company Events
As portrayed in its financial statements, the presentation of Chemung Financial's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Chemung Financial's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Chemung Financial's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Chemung Financial. Please utilize our Beneish M Score to check the likelihood of Chemung Financial's management manipulating its earnings.
| 18th of April 2024 Upcoming Quarterly Report | View | |
| 18th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 23rd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
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Additional Information and Resources on Investing in Chemung Stock
When determining whether Chemung Financial Corp is a strong investment it is important to analyze Chemung Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chemung Financial's future performance. For an informed investment choice regarding Chemung Stock, refer to the following important reports:Check out Chemung Financial Backtesting, Chemung Financial Valuation, Chemung Financial Correlation, Chemung Financial Hype Analysis, Chemung Financial Volatility, Chemung Financial History and analyze Chemung Financial Performance. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Chemung Financial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.