Trimble Stock Odds of Future Stock Price Finishing Under 44.99
| TRMB Stock | USD 71.64 0.90 1.27% |
Trimble |
Trimble Target Price Odds to finish below 44.99
The tendency of Trimble Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 44.99 or more in 90 days |
| 71.64 | 90 days | 44.99 | near 1 |
Based on a normal probability distribution, the odds of Trimble to drop to $ 44.99 or more in 90 days from now is near 1 (This Trimble probability density function shows the probability of Trimble Stock to fall within a particular range of prices over 90 days) . Probability of Trimble price to stay between $ 44.99 and its current price of $71.64 at the end of the 90-day period is about 79.41 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.31 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Trimble will likely underperform. Additionally Trimble has an alpha of 0.2313, implying that it can generate a 0.23 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Trimble Price Density |
| Price |
Predictive Modules for Trimble
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Trimble. 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.Trimble Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Trimble is not an exception. The market had few large corrections towards the Trimble's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Trimble, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Trimble within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.23 | |
β | Beta against Dow Jones | 2.31 | |
σ | Overall volatility | 6.00 | |
Ir | Information ratio | 0.10 |
Trimble Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Trimble for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Trimble can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Trimble is unlikely to experience financial distress in the next 2 years | |
| Trimble currently holds 3.22 B in liabilities with Debt to Equity (D/E) ratio of 0.44, which is about average as compared to similar companies. Trimble has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Trimble's use of debt, we should always consider it together with its cash and equity. | |
| Over 97.0% of Trimble shares are owned by institutional investors | |
| Latest headline from businesswire.com: 8.6 Billion Satellite Imaging Market Size, Share, Forecast, Trends Analysis to 2031 Rising Adoption in Urban Planning, Agriculture Forestry, Defense Security, and Airport Planning - ResearchAndMarkets.com |
Trimble Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Trimble Stock often depends not only on the future outlook of the current and potential Trimble's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Trimble's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 249.1 M | |
| Cash And Short Term Investments | 229.8 M |
Trimble Technical Analysis
Trimble's future price can be derived by breaking down and analyzing its technical indicators over time. Trimble Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Trimble. In general, you should focus on analyzing Trimble Stock price patterns and their correlations with different microeconomic environments and drivers.
Trimble Predictive Forecast Models
Trimble's time-series forecasting models is one of many Trimble's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Trimble's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Trimble
Checking the ongoing alerts about Trimble for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Trimble help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Trimble is unlikely to experience financial distress in the next 2 years | |
| Trimble currently holds 3.22 B in liabilities with Debt to Equity (D/E) ratio of 0.44, which is about average as compared to similar companies. Trimble has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Trimble's use of debt, we should always consider it together with its cash and equity. | |
| Over 97.0% of Trimble shares are owned by institutional investors | |
| Latest headline from businesswire.com: 8.6 Billion Satellite Imaging Market Size, Share, Forecast, Trends Analysis to 2031 Rising Adoption in Urban Planning, Agriculture Forestry, Defense Security, and Airport Planning - ResearchAndMarkets.com |
Check out Trimble Backtesting, Trimble Valuation, Trimble Correlation, Trimble Hype Analysis, Trimble Volatility, Trimble History as well as Trimble Performance. For information on how to trade Trimble Stock refer to our How to Trade Trimble Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Electronic Equipment, Instruments & Components 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 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.
Quarterly Earnings Growth (0.47) | Earnings Share 6.06 | Revenue Per Share 14.768 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0321 |
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.