TrustCo Inventory vs Retained Earnings Analysis
| TRST Stock | USD 29.54 0.73 2.53% |
TrustCo Bank financial indicator trend analysis is much more than just breaking down TrustCo Bank Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TrustCo Bank Corp is a good investment. Please check the relationship between TrustCo Bank Inventory and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TrustCo Bank Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Inventory vs Retained Earnings
Inventory vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TrustCo Bank Corp Inventory account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between TrustCo Bank's Inventory and Retained Earnings is -0.51. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of TrustCo Bank Corp, assuming nothing else is changed. The correlation between historical values of TrustCo Bank's Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of TrustCo Bank Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., TrustCo Bank's Inventory and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.51 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Inventory
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from TrustCo Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TrustCo Bank Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TrustCo Bank Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. Selling General Administrative is likely to drop to about 34.9 M in 2024. Tax Provision is likely to drop to about 18.2 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | EBIT | 82.1M | 95.3M | 73.8M | 101.9M | Operating Income | 82.1M | 95.3M | 81.9M | 102.1M |
TrustCo Bank fundamental ratios Correlations
Click cells to compare fundamentals
TrustCo Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TrustCo Bank fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 19.4M | 19.3M | 19.3M | 19.1M | 19.0M | 16.6M | |
| Total Assets | 5.2B | 5.9B | 6.2B | 6.0B | 6.2B | 3.8B | |
| Short Long Term Debt Total | 205.2M | 267.5M | 297.4M | 171.7M | 133.5M | 148.7M | |
| Other Current Liab | (148.7M) | (214.8M) | (244.7M) | 49.0M | 1.3B | 2.1B | |
| Total Current Liabilities | 148.7M | 214.8M | 244.7M | 171.7M | 1.4B | 1.5B | |
| Total Stockholder Equity | 538.3M | 568.2M | 601.1M | 600.0M | 645.3M | 677.5M | |
| Property Plant And Equipment Net | 86.1M | 82.3M | 81.1M | 77.3M | 74.5M | 37.8M | |
| Net Debt | 157.0M | 220.3M | 249.0M | 128.3M | 84.2M | 88.4M | |
| Retained Earnings | 288.1M | 314.0M | 349.1M | 393.8M | 425.1M | 446.3M | |
| Cash | 48.2M | 47.2M | 48.4M | 43.4M | 49.3M | 86.2M | |
| Non Current Assets Total | 678.5M | 535.2M | 498.8M | 77.3M | 5.6B | 5.9B | |
| Non Currrent Assets Other | (678.5M) | (535.2M) | (498.8M) | (489.2M) | 5.5B | 5.8B | |
| Other Assets | 3.9B | 4.9B | 5.2B | 5.3B | 6.1B | 6.4B | |
| Cash And Short Term Investments | 622.0M | 486.3M | 456.1M | 650.6M | (49.3M) | (46.8M) | |
| Liabilities And Stockholders Equity | 5.2B | 5.9B | 6.2B | 6.0B | 6.2B | 3.8B | |
| Non Current Liabilities Total | 56.6M | 52.8M | 52.7M | 5.2B | 4.1B | 4.3B | |
| Other Stockholder Equity | 145.5M | 142.0M | 219.9M | 213.3M | 213.4M | 115.5M | |
| Total Liab | 4.7B | 5.3B | 5.6B | 5.4B | 5.5B | 3.5B | |
| Property Plant And Equipment Gross | 86.1M | 82.3M | 81.1M | 77.3M | 178.7M | 187.6M | |
| Total Current Assets | 622.0M | 486.3M | 456.1M | 650.6M | 578.0M | 348.1M | |
| Short Term Debt | 148.7M | 214.8M | 244.7M | 122.7M | 89.0M | 139.8M | |
| Accumulated Other Comprehensive Income | 4.5M | 11.9M | 12.1M | (27.2M) | (13.2M) | (12.6M) | |
| Accounts Payable | 4.5B | 28.9M | 5.3B | 35.6M | 32.0M | 30.4M | |
| Short Term Investments | 573.8M | 439.1M | 407.7M | 481.5M | 452.3M | 535.9M | |
| Inventory | 1.6M | 541K | 362K | 2.1M | 2.4M | 3.7M | |
| Property Plant Equipment | 86.1M | 34.4M | 81.1M | 32.6M | 37.4M | 38.5M | |
| Net Tangible Assets | 538.3M | 568.2M | 601.1M | 600.0M | 690.0M | 509.1M | |
| Capital Surpluse | 176.4M | 176.4M | 256.7M | 257.1M | 295.6M | 207.1M | |
| Long Term Investments | 592.4M | 4.6B | 417.6M | 489.2M | 458.7M | 435.8M | |
| Other Current Assets | 469.0M | 1.1B | 1.2B | 664.2M | 578.0M | 672.5M | |
| Short Long Term Debt | 148.7M | 214.8M | 244.7M | 122.7M | 110.4M | 153.4M | |
| Net Invested Capital | 686.9M | 782.9M | 845.8M | 722.7M | 831.1M | 805.1M |
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
| 0.8 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.8 | 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TrustCo Bank Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for TrustCo Stock analysis
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.