Trinet Group Stock Market Value
| TNET Stock | USD 92.93 1.13 1.20% |
| Symbol | TriNet |
TriNet Group 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 TriNet. If investors know TriNet 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 TriNet 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 (0.45) | Dividend Share 0.75 | Earnings Share 5.23 | Revenue Per Share 98.945 | Quarterly Revenue Growth 0.012 |
The market value of TriNet Group is measured differently than its book value, which is the value of TriNet that is recorded on the company's balance sheet. Investors also form their own opinion of TriNet's value that differs from its market value or its book value, called intrinsic value, which is TriNet'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 TriNet's market value can be influenced by many factors that don't directly affect TriNet'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 TriNet's value and its price as these two are different measures arrived at by different means. Investors typically determine if TriNet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TriNet'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.
TriNet '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 TriNet'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 TriNet.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in TriNet on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding TriNet Group or generate 0.0% return on investment in TriNet over 30 days. TriNet is related to or competes with ManpowerGroup, Kforce, Kelly Services, Heidrick Struggles, BG Staffing, Hudson Global, and Hirequest. TriNet Group, Inc. provides human resources solutions, payroll services, employee benefits, and employment risk mitigati... More
TriNet 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 TriNet'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 TriNet Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.81 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 3.83 |
TriNet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TriNet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TriNet's standard deviation. In reality, there are many statistical measures that can use TriNet historical prices to predict the future TriNet's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TriNet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TriNet Group Backtested Returns
TriNet Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0415, which indicates the firm had a -0.0415% return per unit of risk over the last 3 months. TriNet Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TriNet's Variance of 7.7, coefficient of variation of (3,102), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 2.05, 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, TriNet will likely underperform. At this point, TriNet Group has a negative expected return of -0.12%. Please make sure to validate TriNet's information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if TriNet Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
TriNet Group has insignificant predictability. Overlapping area represents the amount of predictability between TriNet time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 TriNet Group price movement. The serial correlation of 0.11 indicates that less than 11.0% of current TriNet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 7.56 |
TriNet Group lagged returns against current returns
Autocorrelation, which is TriNet 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 TriNet's stock expected returns. We can calculate the autocorrelation of TriNet returns to help us make a trade decision. For example, suppose you find that TriNet 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 |
TriNet 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 TriNet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TriNet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TriNet stock over time.
Current vs Lagged Prices |
| Timeline |
TriNet Lagged Returns
When evaluating TriNet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TriNet stock have on its future price. TriNet 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, TriNet autocorrelation shows the relationship between TriNet stock current value and its past values and can show if there is a momentum factor associated with investing in TriNet Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TriNet Stock Analysis
When running TriNet's price analysis, check to measure TriNet'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 TriNet is operating at the current time. Most of TriNet's value examination focuses on studying past and present price action to predict the probability of TriNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TriNet's price. Additionally, you may evaluate how the addition of TriNet to your portfolios can decrease your overall portfolio volatility.