TrustCo Bank Corp NY (TRST)
TrustCo Bank Corp NY is the holding company of Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is headquartered in Glenville, New York.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 59.16% per annum.
- TRST price at the close of November 19, 2024 was $36.37 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.89% per annum.
- TRST price at the close of November 19, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of TRST price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: February 21, 2024
End date: November 19, 2024
a = 1.2452
b = 0.0013
s = 0.0518
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 59.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0518) – 1
= 23.04%
February 21, 2024 calculations
Top border of price channel:
Exp(Y1,068)
= Exp(a + b × X1,068 + 2 × s)
= Exp(a + b × 1,554 + 2 × s)
= Exp(1.2452 + 0.0013 × 1,554 + 2 × 0.0518)
= Exp(3.3274)
= $27.87
Bottom border of price channel:
Exp(Y1,068)
= Exp(a + b × X1,068 – 2 × s)
= Exp(a + b × 1,554 – 2 × s)
= Exp(1.2452 + 0.0013 × 1,554 – 2 × 0.0518)
= Exp(3.1201)
= $22.65
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.2452 + 0.0013 × 1,826 + 2 × 0.0518)
= Exp(3.6737)
= $39.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.2452 + 0.0013 × 1,826 – 2 × 0.0518)
= Exp(3.4664)
= $32.02
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 59.16% per annum.
- TRST price at the close of November 19, 2024 was $36.37 and was inside the primary price channel.
Secondary Trend
Start date: July 16, 2024
End date: November 19, 2024
a = 2.7149
b = 0.0005
s = 0.0386
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 17.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0386) – 1
= 16.67%
July 16, 2024 calculations
Top border of price channel:
Exp(Y1,168)
= Exp(a + b × X1,168 + 2 × s)
= Exp(a + b × 1,700 + 2 × s)
= Exp(2.7149 + 0.0005 × 1,700 + 2 × 0.0386)
= Exp(3.5586)
= $35.11
Bottom border of price channel:
Exp(Y1,168)
= Exp(a + b × X1,168 – 2 × s)
= Exp(a + b × 1,700 – 2 × s)
= Exp(2.7149 + 0.0005 × 1,700 – 2 × 0.0386)
= Exp(3.4044)
= $30.10
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.7149 + 0.0005 × 1,826 + 2 × 0.0386)
= Exp(3.6154)
= $37.17
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.7149 + 0.0005 × 1,826 – 2 × 0.0386)
= Exp(3.4612)
= $31.85
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.89% per annum.
- TRST price at the close of November 19, 2024 was inside the secondary price channel.