Trinet Group Stock Price on May 12, 2024
| TNET Stock | USD 107.35 0.59 0.55% |
Below is the normalized historical share price chart for TriNet Group extending back to March 27, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of TriNet stands at 107.35, as last reported on the 26th of May, with the highest price reaching 108.78 and the lowest price hitting 105.94 during the day.
If you're considering investing in TriNet Stock, it is important to understand the factors that can impact its price. TriNet Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. TriNet Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TriNet's Risk Adjusted Performance of (0.03), variance of 6.07, and Coefficient Of Variation of (1,402) to confirm the risk estimate we provide.
Common Stock Shares Outstanding is likely to gain to about 70 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 74.1 M in 2024. . At this time, TriNet's Price Book Value Ratio is comparatively stable compared to the past year. Price To Free Cash Flows Ratio is likely to gain to 15.10 in 2024, whereas Price Earnings To Growth Ratio is likely to drop 0.54 in 2024. TriNet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 27th of March 2014 | 200 Day MA 116.1142 | 50 Day MA 118.6924 | Beta 1.157 |
TriNet |
Sharpe Ratio = -0.1045
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| Negative Returns | TNET |
Estimated Market Risk
| 2.46 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.26 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TriNet is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of TriNet by adding TriNet to a well-diversified portfolio.
Price Book 83.0243 | Enterprise Value Ebitda 11.6735 | Price Sales 1.3157 | Shares Float 28.3 M | Dividend Share 0.25 |
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TriNet Valuation on May 12, 2024
It is possible to determine the worth of TriNet on a given historical date. On May 12, 2024 TriNet was worth 103.13 at the beginning of the trading date compared to the closed value of 103.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TriNet stock. Still, in general, we apply an absolute valuation method to find TriNet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of TriNet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TriNet's related companies.
| Open | High | Low | Close | Volume | |
| 103.51 | 104.17 | 102.11 | 102.48 | 236,865 | |
05/10/2024 | 103.13 | 103.74 | 101.85 | 103.46 | 251,041 |
| 103.93 | 104.92 | 101.99 | 101.99 | 171,492 |
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TriNet Trading Date Momentum on May 12, 2024
| On May 13 2024 TriNet Group was traded for 101.99 at the closing time. The top price for the day was 104.92 and the lowest listed price was 101.99 . The trading volume for the day was 171.5 K. The trading history from May 13, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 1.42% . The trading price change against the current closing price is 0.27% . |
TriNet Group Fundamentals Correlations and Trends
By evaluating TriNet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among TriNet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TriNet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TriNet Stock history
TriNet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for TriNet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TriNet Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing TriNet stock prices may prove useful in developing a viable investing in TriNet
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 57 M | 70 M | |
| Net Income Applicable To Common Shares | 408.2 M | 428.7 M |
TriNet Quarterly Net Working Capital |
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TriNet Stock Technical Analysis
TriNet 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.
Price Boundaries
TriNet Period Price Range
Low | May 10, 2024
| High |
103.13 | 103.46 |
TriNet May 26, 2024 Market Strength
Market strength indicators help investors to evaluate how TriNet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TriNet shares will generate the highest return on investment. By undertsting and applying TriNet stock market strength indicators, traders can identify TriNet Group entry and exit signals to maximize returns
TriNet Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TriNet's price direction in advance. Along with the technical and fundamental analysis of TriNet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TriNet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.2707 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TriNet Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the TriNet Group information on this page should be used as a complementary analysis to other TriNet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary 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.
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| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
Is TriNet's industry 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 (0.18) | Dividend Share 0.25 | Earnings Share 6.17 | Revenue Per Share 90.228 | Quarterly Revenue Growth 0.014 |
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.