Trinity Biotech Plc Stock Price on November 21, 2024

TRIB Stock  USD 1.12  0.01  0.88%   
If you're considering investing in Trinity Stock, it is important to understand the factors that can impact its price. As of today, the current price of Trinity Biotech stands at 1.12, as last reported on the 28th of November, with the highest price reaching 1.20 and the lowest price hitting 1.09 during the day. Trinity Biotech plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Trinity Biotech plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trinity Biotech's Variance of 38.78, coefficient of variation of (863.34), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide.
  
Trinity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1158

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsTRIB

Estimated Market Risk

 6.23
  actual daily
55
55% of assets are less volatile

Expected Return

 -0.72
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Trinity Biotech is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Trinity Biotech by adding Trinity Biotech to a well-diversified portfolio.

Related Headline

Biodesix Headline on 21st of November 2024

To the annoyance of some shareholders, Biodesix, Inc. shares are down a considerable 26 percent in the last...

Trinity Biotech Valuation on November 21, 2024

It is possible to determine the worth of Trinity Biotech on a given historical date. On November 21, 2024 Trinity was worth 1.28 at the beginning of the trading date compared to the closed value of 1.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Trinity Biotech stock. Still, in general, we apply an absolute valuation method to find Trinity Biotech's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Trinity Biotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Trinity Biotech's related companies.
 Open High Low Close Volume
  1.27    1.40    1.27    1.30    44,773  
11/21/2024
  1.28    1.32    1.27    1.30    22,590  
  1.29    1.29    1.19    1.22    148,449  
Backtest Trinity Biotech  |  Trinity Biotech History  |  Trinity Biotech Valuation   PreviousNext  
Open Value
1.28
1.3
Closing Value
19.96
Upside

Trinity Biotech Trading Date Momentum on November 21, 2024

On November 22 2024 Trinity Biotech plc was traded for  1.22  at the closing time. The top price for the day was 1.29  and the lowest listed price was  1.19 . The trading volume for the day was 148.4 K. The trading history from November 22, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 6.15% . The trading price change against the current closing price is 7.69% .

Trinity Biotech plc Fundamentals Correlations and Trends

By evaluating Trinity Biotech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Trinity Biotech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Trinity financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Trinity Biotech Stock history

Trinity Biotech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Trinity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Trinity Biotech plc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Trinity Biotech stock prices may prove useful in developing a viable investing in Trinity Biotech
Trinity Biotech plc acquires, develops, manufactures, and markets medical diagnostic products for the clinical laboratory and point-of-care segments of the diagnostic market in the Americas, Africa, Asia, and Europe. Trinity Biotech plc was incorporated in 1992 and is headquartered in Bray, Ireland. Trinity Bio operates under Pharmaceuticals And Biosciences classification in the United States and is traded on NASDAQ Exchange. It employs 477 people.

Trinity Biotech Stock Technical Analysis

Trinity Biotech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Trinity Biotech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Trinity Biotech trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Trinity Biotech Period Price Range

Low
November 28, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Trinity Biotech plc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Trinity Biotech November 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Trinity Biotech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trinity Biotech shares will generate the highest return on investment. By undertsting and applying Trinity Biotech stock market strength indicators, traders can identify Trinity Biotech plc entry and exit signals to maximize returns

Trinity Biotech Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Trinity Biotech's price direction in advance. Along with the technical and fundamental analysis of Trinity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Trinity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Trinity Stock analysis

When running Trinity Biotech's price analysis, check to measure Trinity Biotech'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 Trinity Biotech is operating at the current time. Most of Trinity Biotech's value examination focuses on studying past and present price action to predict the probability of Trinity Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trinity Biotech's price. Additionally, you may evaluate how the addition of Trinity Biotech to your portfolios can decrease your overall portfolio volatility.
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Global Correlations
Find global opportunities by holding instruments from different markets
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities