Trueblue Stock Market Value
| TBI Stock | USD 7.14 0.11 1.56% |
| Symbol | TrueBlue |
TrueBlue Price To Book Ratio
Is Human Resource & Employment Services 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 TrueBlue. If investors know TrueBlue 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 TrueBlue 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 (0.63) | Earnings Share (3.83) | Revenue Per Share 54.77 | Quarterly Revenue Growth (0.19) | Return On Assets (0.02) |
The market value of TrueBlue is measured differently than its book value, which is the value of TrueBlue that is recorded on the company's balance sheet. Investors also form their own opinion of TrueBlue's value that differs from its market value or its book value, called intrinsic value, which is TrueBlue'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 TrueBlue's market value can be influenced by many factors that don't directly affect TrueBlue'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 TrueBlue's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueBlue is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueBlue'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.
TrueBlue '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 TrueBlue'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 TrueBlue.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in TrueBlue on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding TrueBlue or generate 0.0% return on investment in TrueBlue over 30 days. TrueBlue is related to or competes with Kelly Services, Korn Ferry, Heidrick Struggles, Hudson Global, ManpowerGroup, Kforce, and Barrett Business. TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, a... More
TrueBlue 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 TrueBlue'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 TrueBlue upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 16.74 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 4.54 |
TrueBlue Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TrueBlue's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TrueBlue's standard deviation. In reality, there are many statistical measures that can use TrueBlue historical prices to predict the future TrueBlue's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.03) |
TrueBlue Backtested Returns
TrueBlue owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0707, which indicates the firm had a -0.0707% return per unit of risk over the last 3 months. TrueBlue exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TrueBlue's Coefficient Of Variation of (4,605), risk adjusted performance of (0.01), and Variance of 8.49 to confirm the risk estimate we provide. The entity has a beta of 2.11, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TrueBlue will likely underperform. At this point, TrueBlue has a negative expected return of -0.2%. Please make sure to validate TrueBlue's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if TrueBlue performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
TrueBlue has weak reverse predictability. Overlapping area represents the amount of predictability between TrueBlue time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 TrueBlue price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current TrueBlue price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
TrueBlue lagged returns against current returns
Autocorrelation, which is TrueBlue 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 TrueBlue's stock expected returns. We can calculate the autocorrelation of TrueBlue returns to help us make a trade decision. For example, suppose you find that TrueBlue 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 |
TrueBlue 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 TrueBlue stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TrueBlue stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TrueBlue stock over time.
Current vs Lagged Prices |
| Timeline |
TrueBlue Lagged Returns
When evaluating TrueBlue's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TrueBlue stock have on its future price. TrueBlue 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, TrueBlue autocorrelation shows the relationship between TrueBlue stock current value and its past values and can show if there is a momentum factor associated with investing in TrueBlue.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether TrueBlue offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TrueBlue's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Trueblue Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trueblue Stock:Check out TrueBlue Correlation, TrueBlue Volatility and TrueBlue Alpha and Beta module to complement your research on TrueBlue. For more detail on how to invest in TrueBlue Stock please use our How to Invest in TrueBlue guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
TrueBlue 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.