Truist Financial Preferred Stock Market Value
| TFC-PR Preferred Stock | USD 20.68 0.25 1.22% |
| Symbol | Truist |
Truist Financial '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 Truist Financial's preferred 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 Truist Financial.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Truist Financial on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Truist Financial or generate 0.0% return on investment in Truist Financial over 30 days. Truist Financial is related to or competes with US Bancorp, Truist Financial, MetLife Preferred, and US Bancorp. Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlanti... More
Truist Financial 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 Truist Financial's preferred 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 Truist Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.89 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.22 |
Truist Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Truist Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Truist Financial's standard deviation. In reality, there are many statistical measures that can use Truist Financial historical prices to predict the future Truist Financial's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.14) |
Truist Financial Backtested Returns
Truist Financial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0117, which indicates the firm had a -0.0117% return per unit of risk over the last 3 months. Truist Financial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Truist Financial's Risk Adjusted Performance of 8.0E-4, variance of 0.8324, and Coefficient Of Variation of (84,113) to confirm the risk estimate we provide. The entity has a beta of 0.0771, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Truist Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Truist Financial is expected to be smaller as well. At this point, Truist Financial has a negative expected return of -0.0108%. Please make sure to validate Truist Financial's kurtosis, as well as the relationship between the rate of daily change and price action indicator , to decide if Truist Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Truist Financial has very weak reverse predictability. Overlapping area represents the amount of predictability between Truist Financial time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Truist Financial price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Truist Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Truist Financial lagged returns against current returns
Autocorrelation, which is Truist Financial preferred 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 Truist Financial's preferred stock expected returns. We can calculate the autocorrelation of Truist Financial returns to help us make a trade decision. For example, suppose you find that Truist Financial has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Truist Financial 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 Truist Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Truist Financial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Truist Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Truist Financial Lagged Returns
When evaluating Truist Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Truist Financial preferred stock have on its future price. Truist Financial 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, Truist Financial autocorrelation shows the relationship between Truist Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Truist Financial.
Regressed Prices |
| Timeline |
Pair Trading with Truist Financial
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 Truist Financial 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 Truist Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Truist Preferred Stock
| 0.51 | WCFB | WCF Bancorp | PairCorr |
| 0.44 | AX | Axos Financial | PairCorr |
| 0.44 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.44 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.4 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
The ability to find closely correlated positions to Truist Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Truist Financial 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 Truist Financial - 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 Truist Financial to buy it.
The correlation of Truist Financial 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 Truist Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Truist Financial 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 Truist Financial 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.Additional Tools for Truist Preferred Stock Analysis
When running Truist Financial's price analysis, check to measure Truist Financial'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 Truist Financial is operating at the current time. Most of Truist Financial's value examination focuses on studying past and present price action to predict the probability of Truist Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Truist Financial's price. Additionally, you may evaluate how the addition of Truist Financial to your portfolios can decrease your overall portfolio volatility.