TriNet Property Plant Equipment vs Capital Stock Analysis
TNET Stock | USD 107.35 0.59 0.55% |
TriNet financial indicator trend analysis is much more than just breaking down TriNet Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TriNet Group is a good investment. Please check the relationship between TriNet Property Plant Equipment and its Capital Stock accounts. 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.
Property Plant Equipment vs Capital Stock
Property Plant Equipment vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TriNet Group Property Plant Equipment account and Capital Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between TriNet's Property Plant Equipment and Capital Stock is -0.15. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Capital Stock in the same time period over historical financial statements of TriNet Group, assuming nothing else is changed. The correlation between historical values of TriNet's Property Plant Equipment and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of TriNet Group are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Property Plant Equipment i.e., TriNet's Property Plant Equipment and Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Property Plant Equipment
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Most indicators from TriNet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TriNet Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. At this time, TriNet's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 13.19 in 2024, whereas Selling General Administrative is likely to drop slightly above 127.8 M in 2024.
2022 | 2023 | 2024 (projected) | Interest Expense | 39M | 40M | 28.2M | Depreciation And Amortization | 148M | 121M | 78.1M |
TriNet fundamental ratios Correlations
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TriNet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TriNet fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 71M | 68M | 67M | 64M | 57M | 70.0M | |
Total Assets | 2.7B | 3.0B | 3.3B | 3.4B | 3.7B | 2.8B | |
Short Long Term Debt Total | 456M | 430M | 547M | 552M | 1.1B | 603.4M | |
Other Current Liab | 1.5B | 1.7B | 1.5B | 1.8B | 2.2B | 2.3B | |
Total Current Liabilities | 1.6B | 1.9B | 1.7B | 2.0B | 2.5B | 1.7B | |
Total Stockholder Equity | 475M | 607M | 881M | 775M | 78M | 74.1M | |
Other Liab | 213M | 169M | 153M | 143M | 164.5M | 177.3M | |
Property Plant And Equipment Net | 140M | 130M | 121M | 55M | 41M | 74.7M | |
Current Deferred Revenue | 44M | 134M | 97M | 106M | 65M | 61.8M | |
Net Debt | 243M | 129M | (65M) | 198M | (419M) | (398.1M) | |
Retained Earnings | (219M) | (144M) | 74M | (119M) | (896M) | (851.2M) | |
Accounts Payable | 31M | 50M | 86M | 98M | 87M | 46.0M | |
Cash | 213M | 301M | 612M | 354M | 1.6B | 1.6B | |
Non Current Assets Total | 877M | 883M | 870M | 1.1B | 1.1B | 805.4M | |
Non Currrent Assets Other | 308M | 303M | 281M | 286M | 139M | 200.7M | |
Other Assets | 308M | 492M | 281M | 286M | 328.9M | 234.3M | |
Long Term Debt | 369M | 348M | 495M | 496M | 984M | 547.9M | |
Cash And Short Term Investments | 281M | 358M | 747M | 430M | 1.6B | 1.7B | |
Common Stock Total Equity | 694M | 747M | 808M | 899M | 1.0B | 608.7M | |
Short Term Investments | 68M | 57M | 135M | 76M | 65M | 90.9M | |
Liabilities And Stockholders Equity | 2.7B | 3.0B | 3.3B | 3.4B | 3.7B | 2.8B | |
Other Current Assets | 64M | 87M | 91M | 168M | 492M | 537.6M | |
Total Liab | 2.3B | 2.4B | 2.4B | 2.7B | 3.6B | 2.5B | |
Total Current Assets | 1.9B | 2.2B | 2.4B | 2.3B | 2.6B | 2.0B | |
Accumulated Other Comprehensive Income | (160M) | 4M | (1M) | (5M) | (2M) | (2.1M) | |
Short Term Debt | 39M | 33M | 11M | 15M | 123M | 129.2M | |
Intangible Assets | 15M | 18M | 6M | 163M | 172M | 180.6M | |
Common Stock | 694M | 747M | 808M | 899M | 976M | 647.4M | |
Property Plant Equipment | 70M | 79M | 85M | 24M | 27.6M | 26.2M | |
Net Tangible Assets | 171M | 295M | 581M | 150M | 172.5M | 181.1M | |
Retained Earnings Total Equity | (219M) | (144M) | 74M | (119M) | (136.9M) | (143.7M) | |
Long Term Debt Total | 369M | 348M | 495M | 496M | 446.4M | 346.1M | |
Inventory | 1.2B | 1.5B | 1.3B | 1.3B | 1.5B | 1.6B | |
Other Stockholder Equity | 160M | 4M | (1M) | (5M) | (5.8M) | (5.5M) | |
Deferred Long Term Liab | 61M | 22M | 11M | 8M | 7.2M | 6.8M | |
Long Term Investments | 125M | 138M | 168M | 151M | 143M | 109.1M |
Pair Trading with TriNet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TriNet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TriNet will appreciate offsetting losses from the drop in the long position's value.Moving together with TriNet Stock
0.73 | LZ | LegalZoom Earnings Call This Week | PairCorr |
Moving against TriNet Stock
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0.59 | BV | BrightView Holdings Fiscal Year End 21st of November 2024 | PairCorr |
The ability to find closely correlated positions to TriNet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TriNet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TriNet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TriNet Group to buy it.
The correlation of TriNet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TriNet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TriNet Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TriNet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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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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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.