TrustCo Other Current Assets from 2010 to 2024
| TRST Stock | USD 29.54 0.73 2.53% |
Other Current Assets | First Reported 2014-12-31 | Previous Quarter 578 M | Current Value 626.5 M | Quarterly Volatility 520.4 M |
Check TrustCo Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TrustCo main balance sheet or income statement drivers, such as Interest Expense of 958.5 K, Other Operating Expenses of 174.7 M or Operating Income of 102.1 M, as well as many exotic indicators such as Price To Sales Ratio of 3.98, Dividend Yield of 0.0473 or PTB Ratio of 0.87. TrustCo financial statements analysis is a perfect complement when working with TrustCo Bank Valuation or Volatility modules.
TrustCo | Other Current Assets |
Latest TrustCo Bank's Other Current Assets Growth Pattern
Below is the plot of the Other Current Assets of TrustCo Bank Corp over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. TrustCo Bank's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in TrustCo Bank's overall financial position and show how it may be relating to other accounts over time.
| Other Current Assets | 10 Years Trend |
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Other Current Assets |
| Timeline |
TrustCo Other Current Assets Regression Statistics
| Arithmetic Mean | 476,730,988 | |
| Geometric Mean | 310,731,761 | |
| Coefficient Of Variation | 79.89 | |
| Mean Deviation | 308,407,455 | |
| Median | 516,150,000 | |
| Standard Deviation | 380,855,337 | |
| Sample Variance | 145050.8T | |
| Range | 1.1B | |
| R-Value | 0.76 | |
| Mean Square Error | 67016.5T | |
| R-Squared | 0.57 | |
| Significance | 0 | |
| Slope | 64,351,074 | |
| Total Sum of Squares | 2030711T |
TrustCo Other Current Assets History
About TrustCo Bank Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include TrustCo Bank income statement, its balance sheet, and the statement of cash flows. TrustCo Bank investors use historical funamental indicators, such as TrustCo Bank's Other Current Assets, to determine how well the company is positioned to perform in the future. Although TrustCo Bank investors may use each financial statement separately, they are all related. The changes in TrustCo Bank's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on TrustCo Bank's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on TrustCo Bank Financial Statements. Understanding these patterns can help to make the right decision on long term investment in TrustCo Bank. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Current Assets | 578 M | 672.5 M |
Pair Trading with TrustCo Bank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TrustCo Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TrustCo Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with TrustCo Stock
| 0.7 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.7 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
The ability to find closely correlated positions to TrustCo Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TrustCo Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TrustCo Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TrustCo Bank Corp to buy it.
The correlation of TrustCo Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TrustCo Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TrustCo Bank Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TrustCo Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of TrustCo Bank Correlation against competitors. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running TrustCo Bank's price analysis, check to measure TrustCo 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 TrustCo Bank is operating at the current time. Most of TrustCo Bank's value examination focuses on studying past and present price action to predict the probability of TrustCo 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 TrustCo Bank's price. Additionally, you may evaluate how the addition of TrustCo Bank to your portfolios can decrease your overall portfolio volatility.
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Is TrustCo 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 TrustCo Bank. If investors know TrustCo 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 TrustCo 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 (0.32) | Dividend Share 1.44 | Earnings Share 2.79 | Revenue Per Share 9.377 | Quarterly Revenue Growth (0.20) |
The market value of TrustCo Bank Corp is measured differently than its book value, which is the value of TrustCo that is recorded on the company's balance sheet. Investors also form their own opinion of TrustCo Bank's value that differs from its market value or its book value, called intrinsic value, which is TrustCo 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 TrustCo Bank's market value can be influenced by many factors that don't directly affect TrustCo 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 TrustCo Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrustCo Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrustCo 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.