TRUIST BANK Market Value
| 89788KAA4 | 78.68 8.08 9.31% |
| Symbol | TRUIST |
TRUIST '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's bond 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.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in TRUIST on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding TRUIST BANK or generate 0.0% return on investment in TRUIST over 180 days. TRUIST is related to or competes with PennantPark Investment, Presidio Property, Radcom, WiMi Hologram, Zhihu, Viemed Healthcare, and National CineMedia. More
TRUIST 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's bond 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 BANK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.47 |
TRUIST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRUIST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRUIST's standard deviation. In reality, there are many statistical measures that can use TRUIST historical prices to predict the future TRUIST's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (1.12) |
TRUIST BANK Backtested Returns
TRUIST BANK owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the bond had a -0.16% return per unit of standard deviation over the last 3 months. TRUIST BANK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TRUIST's variance of 1.14, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TRUIST's returns are expected to increase less than the market. However, during the bear market, the loss of holding TRUIST is expected to be smaller as well.
Auto-correlation | -0.81 |
Excellent reverse predictability
TRUIST BANK has excellent reverse predictability. Overlapping area represents the amount of predictability between TRUIST time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 BANK price movement. The serial correlation of -0.81 indicates that around 81.0% of current TRUIST price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
TRUIST BANK lagged returns against current returns
Autocorrelation, which is TRUIST bond'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's bond expected returns. We can calculate the autocorrelation of TRUIST returns to help us make a trade decision. For example, suppose you find that TRUIST has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRUIST bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRUIST bond over time.
Current vs Lagged Prices |
| Timeline |
TRUIST Lagged Returns
When evaluating TRUIST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRUIST bond have on its future price. TRUIST 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 autocorrelation shows the relationship between TRUIST bond current value and its past values and can show if there is a momentum factor associated with investing in TRUIST BANK.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in TRUIST Bond
TRUIST financial ratios help investors to determine whether TRUIST Bond 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 TRUIST with respect to the benefits of owning TRUIST security.