Trina Solar (China) Price on November 16, 2023
| 688599 Stock | 21.60 0.20 0.92% |
Below is the normalized historical share price chart for Trina Solar Co extending back to June 10, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Trina Solar stands at 21.60, as last reported on the 24th of December, with the highest price reaching 21.99 and the lowest price hitting 21.44 during the day.
If you're considering investing in Trina Stock, it is important to understand the factors that can impact its price. Trina Solar appears to be somewhat reliable, given 3 months investment horizon. Trina Solar 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. By inspecting Trina Solar's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please review Trina Solar's Coefficient Of Variation of 968.01, risk adjusted performance of 0.0903, and Semi Deviation of 3.32 to confirm if our risk estimates are consistent with your expectations.
At present, Trina Solar's Common Stock is projected to increase significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to about 2.2 B, whereas Other Stockholder Equity is forecasted to decline to (10.4 M). . Trina Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 20.9811 | 50 Day MA 24.2242 | Beta 0.495 |
Trina |
Sharpe Ratio = 0.1035
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 688599 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.2 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Trina Solar is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Trina Solar by adding it to a well-diversified portfolio.
Price Book 1.6221 | Enterprise Value Ebitda 67.8196 | Price Sales 0.4947 | Shares Float 829.6 M | Wall Street Target Price 20.93 |
Trina Solar Valuation on November 16, 2023
It is possible to determine the worth of Trina Solar on a given historical date. On November 16, 2023 Trina was worth 31.43 at the beginning of the trading date compared to the closed value of 30.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Trina Solar stock. Still, in general, we apply an absolute valuation method to find Trina Solar's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Trina Solar where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Trina Solar's related companies.
| Open | High | Low | Close | Volume | |
| 31.80 | 32.02 | 31.47 | 31.57 | 18,713,261 | |
11/16/2023 | 31.43 | 31.44 | 30.40 | 30.40 | 14,225,614 |
| 30.40 | 30.64 | 30.05 | 30.45 | 9,382,879 |
| Backtest Trina Solar | | | Trina Solar History | | | Trina Solar Valuation | Previous | Next |
Trina Solar Trading Date Momentum on November 16, 2023
| On November 17 2023 Trina Solar Co was traded for 30.45 at the closing time. The highest price during the trading period was 30.64 and the lowest recorded bid was listed for 30.05 . The volume for the day was 9.4 M. This history from November 17, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.16% . The trading price change to the current price is 5.23% . |
Trina Solar Fundamentals Correlations and Trends
By evaluating Trina Solar's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Trina Solar's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Trina financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Trina Solar Stock history
Trina Solar investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Trina is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Trina Solar will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Trina Solar stock prices may prove useful in developing a viable investing in Trina Solar
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.2 B | 2.2 B | |
| Net Income Applicable To Common Shares | 2.1 B | 2.2 B |
Trina Solar Quarterly Net Working Capital |
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Trina Solar Stock Technical Analysis
Trina Solar 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.
Price Boundaries
Trina Solar Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
Trina Solar Co cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Trina Solar December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Trina Solar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trina Solar shares will generate the highest return on investment. By undertsting and applying Trina Solar stock market strength indicators, traders can identify Trina Solar Co entry and exit signals to maximize returns
Trina Solar Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Trina Solar's price direction in advance. Along with the technical and fundamental analysis of Trina Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Trina to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 0.5149 | |||
| Total Risk Alpha | 0.3622 | |||
| Sortino Ratio | 0.1317 | |||
| Treynor Ratio | (2.05) |
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Complementary Tools for Trina Stock analysis
When running Trina Solar's price analysis, check to measure Trina Solar'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 Trina Solar is operating at the current time. Most of Trina Solar's value examination focuses on studying past and present price action to predict the probability of Trina Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trina Solar's price. Additionally, you may evaluate how the addition of Trina Solar to your portfolios can decrease your overall portfolio volatility.
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