Trinet Group Stock Market Value
| TNET Stock | USD 107.35 0.59 0.55% |
| Symbol | TriNet |
TriNet Group Price To Book Ratio
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.
TriNet '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 TriNet'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 TriNet.
| 04/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in TriNet on April 26, 2024 and sell it all today you would earn a total of 0.00 from holding TriNet Group or generate 0.0% return on investment in TriNet over 30 days. TriNet is related to or competes with ExlService Holdings, WNS Holdings, Gartner, Hackett, Genpact, CACI International, and Perficient. TriNet Group, Inc. provides human resources solutions, payroll services, employee benefits, and employment risk mitigati... More
TriNet 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 TriNet'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 TriNet Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.63 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 1.82 |
TriNet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TriNet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TriNet's standard deviation. In reality, there are many statistical measures that can use TriNet historical prices to predict the future TriNet's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.2707 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TriNet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TriNet Group Backtested Returns
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 Variance of 6.07, coefficient of variation of (1,402), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TriNet are expected to decrease at a much lower rate. During the bear market, TriNet is likely to outperform the market. TriNet Group has an expected return of -0.26%. Please make sure to validate TriNet potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if TriNet Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
TriNet Group has insignificant predictability. Overlapping area represents the amount of predictability between TriNet time series from 26th of April 2024 to 11th of May 2024 and 11th of May 2024 to 26th of May 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 TriNet Group price movement. The serial correlation of 0.14 indicates that less than 14.0% of current TriNet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 4.63 |
TriNet Group lagged returns against current returns
Autocorrelation, which is TriNet 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 TriNet's stock expected returns. We can calculate the autocorrelation of TriNet returns to help us make a trade decision. For example, suppose you find that TriNet 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 |
TriNet 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 TriNet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TriNet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TriNet stock over time.
Current vs Lagged Prices |
| Timeline |
TriNet Lagged Returns
When evaluating TriNet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TriNet stock have on its future price. TriNet 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, TriNet autocorrelation shows the relationship between TriNet stock current value and its past values and can show if there is a momentum factor associated with investing in TriNet Group.
Regressed Prices |
| Timeline |
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
| 0.92 | EXPO | Exponent | PairCorr |
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| 0.71 | ARC | ARC Document Solutions | PairCorr |
| 0.66 | ESGL | ESGL Holdings Limited | PairCorr |
| 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 TriNet Correlation, TriNet Volatility and TriNet Alpha and Beta module to complement your research on TriNet. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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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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.