Trimble Stock Market Value
| TRMB Stock | USD 60.15 0.94 1.59% |
| Symbol | Trimble |
Is Trimble'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 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.
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.
| 02/28/2024 |
| 04/28/2024 |
If you would invest 0.00 in Trimble on February 28, 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 60 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 | 1.42 | |||
| Information Ratio | 0.108 | |||
| Maximum Drawdown | 6.55 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 3.01 |
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 | 0.1102 | |||
| Jensen Alpha | 0.22 | |||
| Total Risk Alpha | 0.0507 | |||
| Sortino Ratio | 0.114 | |||
| Treynor Ratio | 0.888 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trimble'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.
Trimble Backtested Returns
Trimble appears to be very steady, given 3 months investment horizon. Trimble owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Trimble, which you can use to evaluate the volatility of the company. Please review Trimble's Semi Deviation of 1.15, risk adjusted performance of 0.1102, and Coefficient Of Variation of 597.73 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trimble holds a performance score of 13. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trimble's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trimble is expected to be smaller as well. Please check Trimble's sortino ratio, skewness, price action 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 | -0.52 |
Good reverse predictability
Trimble has good reverse predictability. Overlapping area represents the amount of predictability between Trimble time series from 28th of February 2024 to 29th of March 2024 and 29th of March 2024 to 28th of April 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 -0.52 indicates that about 52.0% of current Trimble price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
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 |
Currently Active Assets on Macroaxis
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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Trimble Stock analysis
When running Trimble's price analysis, check to measure Trimble'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 Trimble is operating at the current time. Most of Trimble's value examination focuses on studying past and present price action to predict the probability of Trimble's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trimble's price. Additionally, you may evaluate how the addition of Trimble to your portfolios can decrease your overall portfolio volatility.
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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.