Towne Bank Stock Market Value
| TOWN Stock | USD 36.68 0.32 0.86% |
| Symbol | Towne |
Towne Bank Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Towne Bank. If investors know Towne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Towne Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 1 | Earnings Share 2 | Revenue Per Share 8.973 | Quarterly Revenue Growth 0.022 |
The market value of Towne Bank is measured differently than its book value, which is the value of Towne that is recorded on the company's balance sheet. Investors also form their own opinion of Towne Bank's value that differs from its market value or its book value, called intrinsic value, which is Towne Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Towne Bank's market value can be influenced by many factors that don't directly affect Towne Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Towne Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Towne Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Towne Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Towne 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 Towne 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 Towne Bank.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Towne Bank on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Towne Bank or generate 0.0% return on investment in Towne Bank over 30 days. Towne Bank is related to or competes with Penns Woods, 1st Source, Great Southern, Waterstone Financial, Home Bancorp, Community West, and First Community. TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals More
Towne 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 Towne 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 Towne Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.015 | |||
| Maximum Drawdown | 15.27 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.32 |
Towne Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Towne Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Towne Bank's standard deviation. In reality, there are many statistical measures that can use Towne Bank historical prices to predict the future Towne Bank's volatility.| Risk Adjusted Performance | 0.0643 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0193 | |||
| Treynor Ratio | 0.0772 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Towne Bank's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Towne Bank Backtested Returns
As of now, Towne Stock is very steady. Towne Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0581, which indicates the firm had a 0.0581% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Towne Bank, which you can use to evaluate the volatility of the company. Please validate Towne Bank's Coefficient Of Variation of 1321.9, risk adjusted performance of 0.0643, and Semi Deviation of 1.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Towne Bank has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 1.9, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Towne Bank will likely underperform. Towne Bank right now has a risk of 2.09%. Please validate Towne Bank treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to decide if Towne Bank will be following its existing price patterns.
Auto-correlation | 0.76 |
Good predictability
Towne Bank has good predictability. Overlapping area represents the amount of predictability between Towne 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 Towne Bank price movement. The serial correlation of 0.76 indicates that around 76.0% of current Towne Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Towne Bank lagged returns against current returns
Autocorrelation, which is Towne 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 Towne Bank's stock expected returns. We can calculate the autocorrelation of Towne Bank returns to help us make a trade decision. For example, suppose you find that Towne 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 |
Towne 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 Towne Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Towne Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Towne Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Towne Bank Lagged Returns
When evaluating Towne Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Towne Bank stock have on its future price. Towne 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, Towne Bank autocorrelation shows the relationship between Towne Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Towne Bank.
Regressed Prices |
| Timeline |
Pair Trading with Towne Bank
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 Towne Bank 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 Towne Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Towne Stock
Moving against Towne Stock
| 0.48 | CFG-PE | Citizens Financial | PairCorr |
| 0.39 | TFC-PO | Truist Financial | PairCorr |
| 0.39 | TFC-PR | Truist Financial | PairCorr |
The ability to find closely correlated positions to Towne Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Towne Bank 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 Towne Bank - 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 Towne Bank to buy it.
The correlation of Towne Bank 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 Towne Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Towne Bank 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 Towne Bank 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.Check out Towne Bank Correlation, Towne Bank Volatility and Towne Bank Alpha and Beta module to complement your research on Towne Bank. To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Towne Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.