Traditions Bank Stock Market Value
| TRBK Stock | USD 32.80 1.52 4.86% |
| Symbol | Traditions |
Traditions 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 Traditions Bank's pink sheet 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 Traditions Bank.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Traditions Bank on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Traditions Bank or generate 0.0% return on investment in Traditions Bank over 720 days. Traditions Bank is related to or competes with Standard Bank, PSB Holdings, United Overseas, and Turkiye Garanti. Traditions Bancorp Inc. operates as a holding company for Traditions Bank that provides various banking services in Cent... More
Traditions 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 Traditions Bank's pink sheet 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 Traditions Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0852 | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 4.86 |
Traditions Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Traditions Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Traditions Bank's standard deviation. In reality, there are many statistical measures that can use Traditions Bank historical prices to predict the future Traditions Bank's volatility.| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 0.3523 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1219 | |||
| Treynor Ratio | (2.49) |
Traditions Bank Backtested Returns
Traditions Bank appears to be very steady, given 3 months investment horizon. Traditions Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Traditions Bank, which you can use to evaluate the volatility of the company. Please review Traditions Bank's Coefficient Of Variation of 729.84, semi deviation of 0.5618, and Risk Adjusted Performance of 0.112 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Traditions Bank holds a performance score of 9. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Traditions Bank are expected to decrease at a much lower rate. During the bear market, Traditions Bank is likely to outperform the market. Please check Traditions Bank's information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Traditions Bank's existing price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Traditions Bank has virtually no predictability. Overlapping area represents the amount of predictability between Traditions Bank time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Traditions Bank price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Traditions Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 30.49 |
Traditions Bank lagged returns against current returns
Autocorrelation, which is Traditions Bank pink sheet'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 Traditions Bank's pink sheet expected returns. We can calculate the autocorrelation of Traditions Bank returns to help us make a trade decision. For example, suppose you find that Traditions Bank has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Traditions 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 Traditions Bank pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Traditions Bank pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Traditions Bank pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Traditions Bank Lagged Returns
When evaluating Traditions Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Traditions Bank pink sheet have on its future price. Traditions 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, Traditions Bank autocorrelation shows the relationship between Traditions Bank pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Traditions Bank.
Regressed Prices |
| Timeline |
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Traditions Bank financial ratios help investors to determine whether Traditions Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Traditions with respect to the benefits of owning Traditions Bank security.