Towne Bank Stock Market Value
| TOWN Stock | USD 26.17 0.34 1.32% |
| Symbol | Towne |
Towne Bank Price To Book Ratio
Is Towne Bank's industry 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 (0.40) | Dividend Share 0.98 | Earnings Share 2.06 | Revenue Per Share 9.049 | Quarterly Revenue Growth (0.09) |
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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Towne Bank on March 20, 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 Home Bancorp, and Lake Shore. 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.95 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 3.0 |
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 | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.06) |
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
Towne Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0846, which indicates the firm had a -0.0846% return per unit of risk over the last 3 months. Towne Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Towne Bank's Coefficient Of Variation of (2,217), risk adjusted performance of (0.02), and Variance of 3.25 to confirm the risk estimate we provide. The entity has a beta of 1.58, 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 has an expected return of -0.15%. Please make sure to validate Towne Bank potential upside and day median price , to decide if Towne Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Towne Bank has weak reverse predictability. Overlapping area represents the amount of predictability between Towne Bank time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 -0.22 indicates that over 22.0% of current Towne Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
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 |
Currently Active Assets on Macroaxis
When determining whether Towne Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Towne Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Towne Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Towne Bank Stock: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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Towne Stock analysis
When running Towne Bank's price analysis, check to measure Towne Bank'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 Towne Bank is operating at the current time. Most of Towne Bank's value examination focuses on studying past and present price action to predict the probability of Towne Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Towne Bank's price. Additionally, you may evaluate how the addition of Towne Bank to your portfolios can decrease your overall portfolio volatility.
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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.