TRUST BANK (Ghana) Market Value
| TBL Stock | 0.83 0.00 0.00% |
| Symbol | TRUST |
TRUST BANK 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TRUST BANK's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TRUST BANK.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in TRUST BANK on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding TRUST BANK LIMITED or generate 0.0% return on investment in TRUST BANK over 30 days.
TRUST BANK Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TRUST BANK's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TRUST BANK LIMITED upside and downside potential and time the market with a certain degree of confidence.
TRUST BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRUST BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRUST BANK's standard deviation. In reality, there are many statistical measures that can use TRUST BANK historical prices to predict the future TRUST BANK's volatility.TRUST BANK LIMITED Backtested Returns
We have found three technical indicators for TRUST BANK LIMITED, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and TRUST BANK are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
TRUST BANK LIMITED has perfect predictability. Overlapping area represents the amount of predictability between TRUST BANK time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TRUST BANK LIMITED price movement. The serial correlation of 1.0 indicates that 100.0% of current TRUST BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TRUST BANK LIMITED lagged returns against current returns
Autocorrelation, which is TRUST BANK stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TRUST BANK's stock expected returns. We can calculate the autocorrelation of TRUST BANK returns to help us make a trade decision. For example, suppose you find that TRUST BANK has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
TRUST BANK regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TRUST BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRUST BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRUST BANK stock over time.
Current vs Lagged Prices |
| Timeline |
TRUST BANK Lagged Returns
When evaluating TRUST BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRUST BANK stock have on its future price. TRUST BANK autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TRUST BANK autocorrelation shows the relationship between TRUST BANK stock current value and its past values and can show if there is a momentum factor associated with investing in TRUST BANK LIMITED.
Regressed Prices |
| Timeline |