TrustCo technical analysis

TrustCo Bank Corp NY has Semi-Deviation of 1.6, Coefficient Of Variation of (469.61) and Risk Adjusted Performance of (0.18). In relation to Fundamental Indicators, Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of TrustCo Bank NY as well as the relationship between them. In other words you can use this information to find out if the company is indeed will mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for TrustCo Bank Corp NY which can be compared to its competition. Please validate TrustCo Bank NY Jensen Alpha and Semi Variance to decide if TrustCo is priced more or less accurately providing market reflects its prevalent price of 5.41 per share. Given that TrustCo Bank NY has Jensen Alpha of (0.16), we advise you double-check TrustCo Bank Corp NY current market performance to make sure the company can sustain itself at future point. Use TrustCo Bank Corp NY technical analysis together with your other stock asset holdings to enhance returns of your portfolios as well as to check it against diversification policy that fits your risk preferences.  

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.