Trimble Stock Market Value
| TRMB Stock | USD 72.95 0.63 0.87% |
| Symbol | Trimble |
Trimble Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Trimble. If investors know Trimble 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 Trimble 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 (0.47) | Earnings Share 5.98 | Revenue Per Share 14.768 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0321 |
The market value of Trimble is measured differently than its book value, which is the value of Trimble that is recorded on the company's balance sheet. Investors also form their own opinion of Trimble's value that differs from its market value or its book value, called intrinsic value, which is Trimble'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 Trimble's market value can be influenced by many factors that don't directly affect Trimble'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 Trimble's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trimble is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trimble'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.
Trimble '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 Trimble'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 Trimble.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Trimble on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Trimble or generate 0.0% return on investment in Trimble over 30 days. Trimble is related to or competes with Fortive Corp, MKS Instruments, Novanta, Vishay Precision, Vontier Corp, Teledyne Technologies, and ESCO Technologies. Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform th... More
Trimble 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 Trimble'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 Trimble upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.1108 | |||
| Maximum Drawdown | 20.46 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.78 |
Trimble Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trimble's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trimble's standard deviation. In reality, there are many statistical measures that can use Trimble historical prices to predict the future Trimble's volatility.| Risk Adjusted Performance | 0.1308 | |||
| Jensen Alpha | 0.0994 | |||
| Sortino Ratio | 0.2005 | |||
| Treynor Ratio | 0.1598 |
Trimble Backtested Returns
Trimble appears to be very steady, given 3 months investment horizon. Trimble owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Trimble, which you can use to evaluate the volatility of the company. Please review Trimble's Coefficient Of Variation of 619.76, risk adjusted performance of 0.1308, and Semi Deviation of 1.1 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trimble holds a performance score of 12. The entity has a beta of 2.55, 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, Trimble will likely underperform. Please check Trimble's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Trimble's existing price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Trimble has very weak predictability. Overlapping area represents the amount of predictability between Trimble time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Trimble price movement. The serial correlation of 0.18 indicates that over 18.0% of current Trimble price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
Trimble lagged returns against current returns
Autocorrelation, which is Trimble 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 Trimble's stock expected returns. We can calculate the autocorrelation of Trimble returns to help us make a trade decision. For example, suppose you find that Trimble 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 |
Trimble 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 Trimble stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trimble stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trimble stock over time.
Current vs Lagged Prices |
| Timeline |
Trimble Lagged Returns
When evaluating Trimble's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trimble stock have on its future price. Trimble 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, Trimble autocorrelation shows the relationship between Trimble stock current value and its past values and can show if there is a momentum factor associated with investing in Trimble.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Trimble offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Trimble'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 Trimble Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trimble Stock:Check out Trimble Correlation, Trimble Volatility and Trimble Alpha and Beta module to complement your research on Trimble. For information on how to trade Trimble Stock refer to our How to Trade Trimble Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Trimble 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.