| TRST Stock | | | USD 37.24 0.32 0.85% |
TrustCo Bank financial indicator trend analysis is much more than just breaking down TrustCo Bank Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TrustCo Bank Corp is a good investment. Please check the relationship between TrustCo Bank Capital Stock and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TrustCo Bank Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Capital Stock vs Accounts Payable
Capital Stock vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TrustCo Bank Corp Capital Stock account and
Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between TrustCo Bank's Capital Stock and Accounts Payable is -0.19. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of TrustCo Bank Corp, assuming nothing else is changed. The correlation between historical values of TrustCo Bank's Capital Stock and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of TrustCo Bank Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Capital Stock i.e., TrustCo Bank's Capital Stock and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Accounts Payable
An accounting item on the balance sheet that represents TrustCo Bank obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of TrustCo Bank Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from TrustCo Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TrustCo Bank Corp 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
World Market Map to better understand how to build diversified portfolios, which includes a position in TrustCo Bank Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, TrustCo Bank's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 12.17 in 2024, whereas
Selling General Administrative is likely to drop slightly above 34.9
M in 2024.
TrustCo Bank fundamental ratios Correlations
Click cells to compare fundamentals
TrustCo Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TrustCo Bank fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for TrustCo Stock Analysis
When running TrustCo Bank's price analysis, check to
measure TrustCo Bank'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 TrustCo Bank is operating at the current time. Most of TrustCo Bank's value examination focuses on studying past and present price action to
predict the probability of TrustCo Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TrustCo Bank's price. Additionally, you may evaluate how the addition of TrustCo Bank to your portfolios can decrease your overall portfolio volatility.