Trinl Stock Market Value
| TRINL Stock | USD 25.37 0.02 0.08% |
| Symbol | TRINL |
TRINL Price To Book Ratio
Is Asset Management & Custody Banks 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 TRINL. If investors know TRINL 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 TRINL 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 TRINL is measured differently than its book value, which is the value of TRINL that is recorded on the company's balance sheet. Investors also form their own opinion of TRINL's value that differs from its market value or its book value, called intrinsic value, which is TRINL'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 TRINL's market value can be influenced by many factors that don't directly affect TRINL'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 TRINL's value and its price as these two are different measures arrived at by different means. Investors typically determine if TRINL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TRINL'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.
TRINL '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 TRINL'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 TRINL.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in TRINL on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding TRINL or generate 0.0% return on investment in TRINL over 30 days. TRINL is related to or competes with MSCI ACWI, Eagle Point, B Riley, and Harrow Health. TRINL is entity of United States. It is traded as Stock on NASDAQ exchange. More
TRINL 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 TRINL'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 TRINL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2182 | |||
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 1.15 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2372 |
TRINL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRINL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRINL's standard deviation. In reality, there are many statistical measures that can use TRINL historical prices to predict the future TRINL's volatility.| Risk Adjusted Performance | 0.0911 | |||
| Jensen Alpha | 0.0204 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.47) | |||
| Treynor Ratio | (0.86) |
TRINL Backtested Returns
As of now, TRINL Stock is very steady. TRINL owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for TRINL, which you can use to evaluate the volatility of the company. Please validate TRINL's standard deviation of 0.1683, and Risk Adjusted Performance of 0.0911 to confirm if the risk estimate we provide is consistent with the expected return of 0.0247%. TRINL has a performance score of 11 on a scale of 0 to 100. The entity has a beta of -0.0207, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TRINL are expected to decrease at a much lower rate. During the bear market, TRINL is likely to outperform the market. TRINL currently has a risk of 0.17%. Please validate TRINL maximum drawdown, as well as the relationship between the expected short fall and day median price , to decide if TRINL will be following its existing price patterns.
Auto-correlation | 0.83 |
Very good predictability
TRINL has very good predictability. Overlapping area represents the amount of predictability between TRINL 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 TRINL price movement. The serial correlation of 0.83 indicates that around 83.0% of current TRINL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TRINL lagged returns against current returns
Autocorrelation, which is TRINL 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 TRINL's stock expected returns. We can calculate the autocorrelation of TRINL returns to help us make a trade decision. For example, suppose you find that TRINL 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 |
TRINL 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 TRINL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRINL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRINL stock over time.
Current vs Lagged Prices |
| Timeline |
TRINL Lagged Returns
When evaluating TRINL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRINL stock have on its future price. TRINL 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, TRINL autocorrelation shows the relationship between TRINL stock current value and its past values and can show if there is a momentum factor associated with investing in TRINL.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out TRINL Correlation, TRINL Volatility and TRINL Alpha and Beta module to complement your research on TRINL. For more information on how to buy TRINL Stock please use our How to buy in TRINL Stock guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
TRINL 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.