TriMas (Germany) Market Value
| MQ1 Stock | EUR 24.20 0.60 2.54% |
| Symbol | TriMas |
TriMas '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 TriMas' 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 TriMas.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in TriMas on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding TriMas or generate 0.0% return on investment in TriMas over 30 days. TriMas is related to or competes with LG Display, Apollo Investment, Flutter Entertainment, Japan Asia, MGIC INVESTMENT, PennantPark Investment, and WisdomTree Investments. TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery... More
TriMas 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 TriMas' 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 TriMas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0151 | |||
| Maximum Drawdown | 15.09 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.4 |
TriMas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TriMas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TriMas' standard deviation. In reality, there are many statistical measures that can use TriMas historical prices to predict the future TriMas' volatility.| Risk Adjusted Performance | 0.0524 | |||
| Jensen Alpha | 0.037 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0122 | |||
| Treynor Ratio | 0.1394 |
TriMas Backtested Returns
At this point, TriMas is very steady. TriMas owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0578, which indicates the firm had a 0.0578% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for TriMas, which you can use to evaluate the volatility of the company. Please validate TriMas' Coefficient Of Variation of 1595.71, risk adjusted performance of 0.0524, and Semi Deviation of 2.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. TriMas has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.98, which indicates possible diversification benefits within a given portfolio. TriMas returns are very sensitive to returns on the market. As the market goes up or down, TriMas is expected to follow. TriMas right now has a risk of 2.38%. Please validate TriMas jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if TriMas will be following its existing price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
TriMas has weak reverse predictability. Overlapping area represents the amount of predictability between TriMas time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 TriMas price movement. The serial correlation of -0.24 indicates that over 24.0% of current TriMas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
TriMas lagged returns against current returns
Autocorrelation, which is TriMas 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 TriMas' stock expected returns. We can calculate the autocorrelation of TriMas returns to help us make a trade decision. For example, suppose you find that TriMas 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 |
TriMas 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 TriMas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TriMas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TriMas stock over time.
Current vs Lagged Prices |
| Timeline |
TriMas Lagged Returns
When evaluating TriMas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TriMas stock have on its future price. TriMas 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, TriMas autocorrelation shows the relationship between TriMas stock current value and its past values and can show if there is a momentum factor associated with investing in TriMas.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in TriMas Stock
When determining whether TriMas is a strong investment it is important to analyze TriMas' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact TriMas' future performance. For an informed investment choice regarding TriMas Stock, refer to the following important reports:Check out TriMas Correlation, TriMas Volatility and TriMas Alpha and Beta module to complement your research on TriMas. For more detail on how to invest in TriMas Stock please use our How to Invest in TriMas guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
TriMas 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.