Citigroup Effective Tax Rate from 2010 to 2024
| C Stock | USD 61.52 0.51 0.84% |
Effective Tax Rate | First Reported 2010-12-31 | Previous Quarter 0.27327653 | Current Value 0.33 | Quarterly Volatility 0.28126414 |
Check Citigroup financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Citigroup main balance sheet or income statement drivers, such as Interest Expense of 20.7 B or Other Operating Expenses of 153.1 B, as well as many exotic indicators such as Price To Sales Ratio of 1.55 or Dividend Yield of 0.0551. Citigroup financial statements analysis is a perfect complement when working with Citigroup Valuation or Volatility modules.
Citigroup | Effective Tax Rate |
Latest Citigroup's Effective Tax Rate Growth Pattern
Below is the plot of the Effective Tax Rate of Citigroup over the last few years. Effective Tax Rate is the average rate at which Citigroup pre-tax profits are taxed by the government. The effective tax rate is computed by dividing Citigroup total tax expenses by Citigroup earnings before taxes. It is Citigroup's Effective Tax Rate historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Citigroup's overall financial position and show how it may be relating to other accounts over time.
| Effective Tax Rate | 10 Years Trend |
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Effective Tax Rate |
| Timeline |
Citigroup Effective Tax Rate Regression Statistics
| Arithmetic Mean | 0.32 | |
| Geometric Mean | 0.22 | |
| Coefficient Of Variation | 86.66 | |
| Mean Deviation | 0.15 | |
| Median | 0.27 | |
| Standard Deviation | 0.28 | |
| Sample Variance | 0.08 | |
| Range | 1.2617 | |
| R-Value | (0.05) | |
| Mean Square Error | 0.09 | |
| R-Squared | 0 | |
| Significance | 0.87 | |
| Slope | (0) | |
| Total Sum of Squares | 1.11 |
Citigroup Effective Tax Rate History
About Citigroup Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Citigroup income statement, its balance sheet, and the statement of cash flows. Citigroup investors use historical funamental indicators, such as Citigroup's Effective Tax Rate, to determine how well the company is positioned to perform in the future. Although Citigroup investors may use each financial statement separately, they are all related. The changes in Citigroup's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Citigroup's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Citigroup Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Citigroup. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Effective Tax Rate | 0.27 | 0.33 |
Pair Trading with Citigroup
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 Citigroup 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 Citigroup will appreciate offsetting losses from the drop in the long position's value.Moving together with Citigroup Stock
| 0.79 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
| 0.67 | NU | Nu Holdings Buyout Trend | PairCorr |
| 0.7 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Citigroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citigroup 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 Citigroup - 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 Citigroup to buy it.
The correlation of Citigroup 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 Citigroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citigroup 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 Citigroup 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 the analysis of Citigroup Correlation against competitors. For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.Note that the Citigroup information on this page should be used as a complementary analysis to other Citigroup's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Citigroup Stock analysis
When running Citigroup's price analysis, check to measure Citigroup'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 Citigroup is operating at the current time. Most of Citigroup's value examination focuses on studying past and present price action to predict the probability of Citigroup's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Citigroup's price. Additionally, you may evaluate how the addition of Citigroup to your portfolios can decrease your overall portfolio volatility.
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Is Citigroup's 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 Citigroup. If investors know Citigroup 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 Citigroup 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 (0.28) | Dividend Share 2.1 | Earnings Share 3.43 | Revenue Per Share 36.239 | Quarterly Revenue Growth (0.05) |
The market value of Citigroup is measured differently than its book value, which is the value of Citigroup that is recorded on the company's balance sheet. Investors also form their own opinion of Citigroup's value that differs from its market value or its book value, called intrinsic value, which is Citigroup'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 Citigroup's market value can be influenced by many factors that don't directly affect Citigroup'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 Citigroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citigroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citigroup'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.