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 Total Stockholder Equity and its Net Receivables 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.
Total Stockholder Equity vs Net Receivables
Total Stockholder Equity vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TrustCo Bank Corp Total Stockholder Equity account and
Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between TrustCo Bank's Total Stockholder Equity and Net Receivables is -0.5. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Receivables 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 Total Stockholder Equity and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of TrustCo Bank Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Stockholder Equity i.e., TrustCo Bank's Total Stockholder Equity and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.5 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Net Receivables
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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