Trinity Industries Stock Price on May 31, 2024
| TRN Stock | USD 37.55 0.38 1.02% |
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 Industries stands at 37.55, as last reported on the 25th of November, with the highest price reaching 37.95 and the lowest price hitting 37.24 during the day. Trinity Industries appears to be very steady, given 3 months investment horizon. Trinity Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Trinity Industries, which you can use to evaluate the volatility of the company. Please review Trinity Industries' Risk Adjusted Performance of 0.1035, coefficient of variation of 789.73, and Semi Deviation of 1.83 to confirm if our risk estimates are consistent with your expectations.
Trinity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Trinity |
Sharpe Ratio = 0.1266
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Estimated Market Risk
| 2.14 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Trinity Industries is performing at about 9% of its full potential. 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 Industries by adding it to a well-diversified portfolio.
Trinity Industries Valuation on May 31, 2024
It is possible to determine the worth of Trinity Industries on a given historical date. On May 31, 2024 Trinity was worth 30.59 at the beginning of the trading date compared to the closed value of 30.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Trinity Industries stock. Still, in general, we apply an absolute valuation method to find Trinity Industries' 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 Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Trinity Industries' related companies.
| Open | High | Low | Close | Volume | |
| 30.29 | 30.58 | 30.26 | 30.57 | 513,308 | |
05/31/2024 | 30.59 | 30.95 | 30.42 | 30.91 | 1,093,096 |
| 31.30 | 31.45 | 30.49 | 30.70 | 1,394,114 |
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Trinity Industries Trading Date Momentum on May 31, 2024
| On June 03 2024 Trinity Industries was traded for 30.70 at the closing time. Highest Trinity Industries's price during the trading hours was 31.45 and the lowest price during the day was 30.49 . The net volume was 1.4 M. The overall trading history on the 3rd of June contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.68% . The trading price change to current price is 8.02% . |
Trinity Industries Fundamentals Correlations and Trends
By evaluating Trinity Industries' 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 Industries' 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 Industries Stock history
Trinity Industries 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 Industries 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 Industries stock prices may prove useful in developing a viable investing in Trinity Industries
Trinity Industries, Inc. provides rail transportation products and services under the TrinityRail name in North America. Trinity Industries, Inc. was incorporated in 1933 and is headquartered in Dallas, Texas. Trinity Industries operates under Railroads classification in the United States and is traded on New York Stock Exchange. It employs 5845 people.
Trinity Industries Stock Technical Analysis
Trinity Industries 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.
Price Boundaries
Trinity Industries Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
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Trinity Industries November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Trinity Industries 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 Industries shares will generate the highest return on investment. By undertsting and applying Trinity Industries stock market strength indicators, traders can identify Trinity Industries entry and exit signals to maximize returns
Trinity Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Trinity Industries' 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.
| Risk Adjusted Performance | 0.1035 | |||
| Jensen Alpha | 0.2066 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0635 | |||
| Treynor Ratio | 0.5793 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Construction Machinery & Heavy Transportation Equipment 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 Trinity Industries. If investors know Trinity 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 Trinity Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Trinity Industries is measured differently than its book value, which is the value of Trinity that is recorded on the company's balance sheet. Investors also form their own opinion of Trinity Industries' value that differs from its market value or its book value, called intrinsic value, which is Trinity Industries' 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 Trinity Industries' market value can be influenced by many factors that don't directly affect Trinity Industries' 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 Trinity Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Trinity Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trinity Industries' 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.