TrustCo Bank Correlations

TRST Stock

USD 36.50 0.73 1.96%

The current 90-days correlation between TrustCo Bank Corp and Southern Missouri Bancorp is -0.19 (i.e., Good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

TrustCo Bank Correlation With Market

Significant diversification

The correlation between TrustCo Bank Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TrustCo Bank Corp and DJI in the same portfolio, assuming nothing else is changed.

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 closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with TrustCo Stock

0.93	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.91	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.87	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.8	VBNK	VersaBank Earnings Call Next Week	Pair Corr
0.82	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.63	TECTP	Tectonic Financial	Pair Corr
0.65	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.84	EBTC	Enterprise Bancorp	Pair Corr
0.9	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.76	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.9	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.72	WAFD	Washington Federal	Pair Corr
0.79	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.78	BANC-PF	Banc of California	Pair Corr
0.86	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.69	ESSA	ESSA Bancorp	Pair Corr
0.72	EVBN	Evans Bancorp	Pair Corr

Moving against TrustCo Stock

0.64	CFG-PE	Citizens Financial	Pair Corr
0.54	TFC-PO	Truist Financial	Pair Corr
0.54	TFC-PR	Truist Financial	Pair Corr
0.59	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	SMBC	IROQ	CBAN	OPOF	TCFC	PWOD	LBC	SRCE	GSBC	WSBF
SMBC		0.74	0.93	0.85	-0.35	0.9	0.48	0.96	0.91	0.61	SMBC
IROQ	0.74		0.6	0.85	-0.73	0.83	0.54	0.56	0.51	0.19	IROQ
CBAN	0.93	0.6		0.76	-0.17	0.85	0.31	0.95	0.94	0.65	CBAN
OPOF	0.85	0.85	0.76		-0.51	0.92	0.66	0.73	0.68	0.24	OPOF
TCFC	-0.35	-0.73	-0.17	-0.51		-0.49	-0.47	-0.16	-0.07	0.14	TCFC
PWOD	0.9	0.83	0.85	0.92	-0.49		0.47	0.8	0.77	0.43	PWOD
LBC	0.48	0.54	0.31	0.66	-0.47	0.47		0.34	0.28	-0.02	LBC
SRCE	0.96	0.56	0.95	0.73	-0.16	0.8	0.34		0.96	0.69	SRCE
GSBC	0.91	0.51	0.94	0.68	-0.07	0.77	0.28	0.96		0.8	GSBC
WSBF	0.61	0.19	0.65	0.24	0.14	0.43	-0.02	0.69	0.8		WSBF
	SMBC	IROQ	CBAN	OPOF	TCFC	PWOD	LBC	SRCE	GSBC	WSBF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SRCE	+ 0.96	SMBC
GSBC	+ 0.96	SRCE
SRCE	+ 0.95	CBAN
GSBC	+ 0.94	CBAN
CBAN	+ 0.93	SMBC
PWOD	+ 0.92	OPOF

High negative correlations

TCFC	- 0.73	IROQ
TCFC	- 0.51	OPOF
PWOD	- 0.49	TCFC
LBC	- 0.47	TCFC
TCFC	- 0.35	SMBC
TCFC	- 0.17	CBAN

Risk-Adjusted Indicators

There is a big difference between TrustCo Stock performing well and TrustCo Bank Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze TrustCo Bank's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMBC	1.57	0.00	0.08	0.11	1.61	(1.81)	3.46	(3.04)	19.16
IROQ	1.53	0.43	0.14	29.58	1.63	(1.99)	3.63	(2.59)	14.12
CBAN	1.20	0.06	0.12	0.15	1.03	(1.45)	2.34	(1.97)	16.22
OPOF	1.16	0.26	0.13	0.93	1.03	(1.36)	3.20	(1.66)	6.43
TCFC	1.58	(0.32)	0.00	(2.74)	0.00	0.00	3.97	(2.77)	12.19
PWOD	1.45	0.48	0.27	1.03	1.20	(1.77)	3.95	(2.60)	10.20
LBC	2.06	0.07	0.00	0.27	2.16	(2.32)	5.04	(3.88)	10.73
SRCE	1.36	(0.11)	0.00	0.06	1.54	(1.57)	2.87	(3.40)	15.84
GSBC	1.54	(0.11)	0.02	0.07	1.85	(1.64)	3.41	(3.32)	19.09
WSBF	1.39	(0.17)	(0.06)	0.01	1.72	(1.55)	2.56	(2.67)	15.80

TrustCo Bank Corporate Executives

Elected by the shareholders, the TrustCo Bank's board of directors comprises two types of representatives: TrustCo Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TrustCo. The board's role is to monitor TrustCo Bank's management team and ensure that shareholders' interests are well served. TrustCo Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TrustCo Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Michael Ozimek	CFO, Sr. VP, CFO of TrustCo Bank and Sr. VP of TrustCo Bank	Profile
	Carly Batista	Senior COO	Profile

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