Use this graph to draw trend lines for TrustCo Bank Corp NY. You can use it to identify possible trend reversals for TrustCo as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual TrustCo price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
TrustCo Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TrustCo Bank Corp NY applied against its price change over selected period. The best fit line has a slop of 0.01 %
which may suggest that TrustCo Bank Corp NY market price will keep on failing further. It has 40 observation points and regression sum of squers of 0.27 which is sum of squared deviations of the predicted TrustCo price change against its avarage change.
TrustCo has a best fit line with a correlation coefficient of -0.79. and coefficient of determination of 0.63. Note, that about 56.0%
of the company shares are owned by institutional investors