Trinity Industries Stock Forecast - Polynomial Regression
| TRN Stock | USD 37.45 0.23 0.61% |
The Polynomial Regression forecasted value of Trinity Industries on the next trading day is expected to be 38.47 with a mean absolute deviation of 0.75 and the sum of the absolute errors of 46.69. Trinity Stock Forecast is based on your current time horizon. Although Trinity Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Trinity Industries' systematic risk associated with finding meaningful patterns of Trinity Industries fundamentals over time.
Trinity |
Open Interest Against 2024-12-20 Trinity Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Trinity Industries' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Trinity Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Trinity Industries stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Trinity Industries' open interest, investors have to compare it to Trinity Industries' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Trinity Industries is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Trinity. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Trinity Industries Polynomial Regression Price Forecast For the 29th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Trinity Industries on the next trading day is expected to be 38.47 with a mean absolute deviation of 0.75, mean absolute percentage error of 0.99, and the sum of the absolute errors of 46.69.Please note that although there have been many attempts to predict Trinity Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Trinity Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Trinity Industries Stock Forecast Pattern
| Backtest Trinity Industries | Trinity Industries Price Prediction | Buy or Sell Advice |
Trinity Industries Forecasted Value
In the context of forecasting Trinity Industries' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Trinity Industries' downside and upside margins for the forecasting period are 36.31 and 40.63, respectively. We have considered Trinity Industries' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Trinity Industries stock data series using in forecasting. Note that when a statistical model is used to represent Trinity Industries stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 119.9422 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7531 |
| MAPE | Mean absolute percentage error | 0.022 |
| SAE | Sum of the absolute errors | 46.6896 |
Predictive Modules for Trinity Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Trinity Industries. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Trinity Industries
For every potential investor in Trinity, whether a beginner or expert, Trinity Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Trinity Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Trinity. Basic forecasting techniques help filter out the noise by identifying Trinity Industries' price trends.Trinity Industries Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Trinity Industries stock to make a market-neutral strategy. Peer analysis of Trinity Industries could also be used in its relative valuation, which is a method of valuing Trinity Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Trinity Industries Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Trinity Industries' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Trinity Industries' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Trinity Industries Market Strength Events
Market strength indicators help investors to evaluate how Trinity Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trinity Industries shares will generate the highest return on investment. By undertsting and applying Trinity Industries stock market strength indicators, traders can identify Trinity Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 5654.93 | |||
| Daily Balance Of Power | (0.36) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 37.75 | |||
| Day Typical Price | 37.65 | |||
| Price Action Indicator | (0.41) | |||
| Period Momentum Indicator | (0.23) | |||
| Relative Strength Index | 63.07 |
Trinity Industries Risk Indicators
The analysis of Trinity Industries' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Trinity Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting trinity stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.45 | |||
| Semi Deviation | 1.81 | |||
| Standard Deviation | 2.11 | |||
| Variance | 4.46 | |||
| Downside Variance | 4.51 | |||
| Semi Variance | 3.26 | |||
| Expected Short fall | (1.48) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Trinity Industries
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 Trinity Industries 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 Trinity Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Trinity Stock
Moving against Trinity Stock
| 0.86 | RUN | Sunrun Inc Aggressive Push | PairCorr |
| 0.72 | WPRT | Westport Fuel Systems | PairCorr |
| 0.56 | EFSH | 1847 Holdings LLC | PairCorr |
The ability to find closely correlated positions to Trinity Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trinity Industries 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 Trinity Industries - 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 Trinity Industries to buy it.
The correlation of Trinity Industries 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 Trinity Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Industries 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 Trinity Industries 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 Historical Fundamental Analysis of Trinity Industries to cross-verify your projections. To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Construction Machinery & Heavy Transportation Equipment 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 Trinity Industries. If investors know Trinity 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 Trinity Industries 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 0.463 | Dividend Share 1.12 | Earnings Share 2.25 | Revenue Per Share 39.739 | Quarterly Revenue Growth (0.03) |
The market value of Trinity Industries is measured differently than its book value, which is the value of Trinity that is recorded on the company's balance sheet. Investors also form their own opinion of Trinity Industries' value that differs from its market value or its book value, called intrinsic value, which is Trinity Industries' 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 Trinity Industries' market value can be influenced by many factors that don't directly affect Trinity Industries' 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 Trinity Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Trinity Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trinity Industries' 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.