Third Coast Bancshares Stock Market Value
| TCBX Stock | USD 35.35 0.60 1.73% |
| Symbol | Third |
Third Coast Bancshares Price To Book Ratio
Is Regional Banks space 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 Third Coast. If investors know Third 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 Third Coast 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 1.323 | Earnings Share 2.56 | Revenue Per Share 11.656 | Quarterly Revenue Growth 0.212 | Return On Assets 0.0099 |
The market value of Third Coast Bancshares is measured differently than its book value, which is the value of Third that is recorded on the company's balance sheet. Investors also form their own opinion of Third Coast's value that differs from its market value or its book value, called intrinsic value, which is Third Coast'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 Third Coast's market value can be influenced by many factors that don't directly affect Third Coast'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 Third Coast's value and its price as these two are different measures arrived at by different means. Investors typically determine if Third Coast is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Third Coast'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.
Third Coast 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Third Coast's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Third Coast.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Third Coast on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Third Coast Bancshares or generate 0.0% return on investment in Third Coast over 30 days. Third Coast is related to or competes with Byline Bancorp, Coastal Financial, NBT Bancorp, Community West, FVCBankcorp, CF Bankshares, and Investar Holding. Third Coast Bancshares, Inc. operates as a bank holding company for Third Coast Bank, SSB that provides various commerci... More
Third Coast Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Third Coast's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Third Coast Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.182 | |||
| Maximum Drawdown | 7.86 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 4.06 |
Third Coast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Third Coast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Third Coast's standard deviation. In reality, there are many statistical measures that can use Third Coast historical prices to predict the future Third Coast's volatility.| Risk Adjusted Performance | 0.1876 | |||
| Jensen Alpha | 0.3714 | |||
| Total Risk Alpha | 0.198 | |||
| Sortino Ratio | 0.2661 | |||
| Treynor Ratio | 0.4788 |
Third Coast Bancshares Backtested Returns
Third Coast appears to be very steady, given 3 months investment horizon. Third Coast Bancshares owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. By inspecting Third Coast's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review Third Coast's Risk Adjusted Performance of 0.1876, coefficient of variation of 420.73, and Semi Deviation of 1.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Third Coast holds a performance score of 19. The entity has a beta of 0.99, which indicates possible diversification benefits within a given portfolio. Third Coast returns are very sensitive to returns on the market. As the market goes up or down, Third Coast is expected to follow. Please check Third Coast's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Third Coast's existing price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Third Coast Bancshares has very weak reverse predictability. Overlapping area represents the amount of predictability between Third Coast time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Third Coast Bancshares price movement. The serial correlation of -0.01 indicates that just 1.0% of current Third Coast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Third Coast Bancshares lagged returns against current returns
Autocorrelation, which is Third Coast stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Third Coast's stock expected returns. We can calculate the autocorrelation of Third Coast returns to help us make a trade decision. For example, suppose you find that Third Coast has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Third Coast regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Third Coast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Third Coast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Third Coast stock over time.
Current vs Lagged Prices |
| Timeline |
Third Coast Lagged Returns
When evaluating Third Coast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Third Coast stock have on its future price. Third Coast autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Third Coast autocorrelation shows the relationship between Third Coast stock current value and its past values and can show if there is a momentum factor associated with investing in Third Coast Bancshares.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Third Stock Analysis
When running Third Coast's price analysis, check to measure Third Coast'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 Third Coast is operating at the current time. Most of Third Coast's value examination focuses on studying past and present price action to predict the probability of Third Coast's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Third Coast's price. Additionally, you may evaluate how the addition of Third Coast to your portfolios can decrease your overall portfolio volatility.