| 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 Net Borrowings and its Depreciation 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.
Net Borrowings vs Depreciation
Net Borrowings vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TrustCo Bank Corp Net Borrowings account and
Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between TrustCo Bank's Net Borrowings and Depreciation is -0.44. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Depreciation 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 Net Borrowings and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of TrustCo Bank Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Borrowings i.e., TrustCo Bank's Net Borrowings and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Depreciation
Depreciation indicates how much of TrustCo Bank Corp value has been used up. For tax purposes TrustCo Bank can deduct the cost of the tangible assets it purchases as business expenses. However, TrustCo Bank Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
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
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Additional Tools for TrustCo Stock Analysis
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