Trimas Stock Market Value
| TRS Stock | USD 26.59 0.21 0.80% |
| Symbol | TriMas |
TriMas Price To Book Ratio
Is Industrial Machinery & Supplies & 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 TriMas. If investors know TriMas 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 TriMas 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 (0.85) | Dividend Share 0.16 | Earnings Share 0.64 | Revenue Per Share 22.157 | Quarterly Revenue Growth (0.03) |
The market value of TriMas is measured differently than its book value, which is the value of TriMas that is recorded on the company's balance sheet. Investors also form their own opinion of TriMas' value that differs from its market value or its book value, called intrinsic value, which is TriMas' 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 TriMas' market value can be influenced by many factors that don't directly affect TriMas' 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 TriMas' value and its price as these two are different measures arrived at by different means. Investors typically determine if TriMas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TriMas' 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.
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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in TriMas on October 23, 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 Greif Bros, Karat Packaging, Reynolds Consumer, Silgan Holdings, O I, Sonoco Products, and Myers Industries. TriMas Corporation designs, develops, manufactures, and sells products for consumer products, aerospace, and industrial ... 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 | 2.09 | |||
| Information Ratio | 0.0312 | |||
| Maximum Drawdown | 13.5 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.34 |
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 | 0.0725 | |||
| Jensen Alpha | 0.0543 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.1502 |
TriMas Backtested Returns
Currently, TriMas is very steady. TriMas owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0649, which indicates the firm had a 0.0649% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TriMas, which you can use to evaluate the volatility of the company. Please validate TriMas' Semi Deviation of 1.95, coefficient of variation of 1148.81, and Risk Adjusted Performance of 0.0725 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. TriMas has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 1.07, which indicates a somewhat significant risk relative to the market. 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 1.97%. Please validate TriMas maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if TriMas will be following its existing price patterns.
Auto-correlation | 0.29 |
Poor predictability
TriMas has poor predictability. Overlapping area represents the amount of predictability between TriMas time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 TriMas price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current TriMas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
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 |
Thematic Opportunities
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Additional Tools for TriMas Stock Analysis
When running TriMas' price analysis, check to measure TriMas' 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 TriMas is operating at the current time. Most of TriMas' value examination focuses on studying past and present price action to predict the probability of TriMas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TriMas' price. Additionally, you may evaluate how the addition of TriMas to your portfolios can decrease your overall portfolio volatility.