Trinity Industries Stock Market Value
| TRN Stock | USD 37.45 0.23 0.61% |
| Symbol | Trinity |
Trinity Industries Price To Book Ratio
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.
Trinity Industries '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 Trinity Industries' 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 Trinity Industries.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Trinity Industries on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Trinity Industries or generate 0.0% return on investment in Trinity Industries over 30 days. Trinity Industries is related to or competes with LB Foster, Norfolk Southern, and Canadian Pacific. Trinity Industries, Inc. provides rail transportation products and services under the TrinityRail name in North America More
Trinity Industries 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 Trinity Industries' 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 Trinity Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0614 | |||
| Maximum Drawdown | 11.92 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 2.85 |
Trinity Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trinity Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trinity Industries' standard deviation. In reality, there are many statistical measures that can use Trinity Industries historical prices to predict the future Trinity Industries' volatility.| Risk Adjusted Performance | 0.1005 | |||
| Jensen Alpha | 0.0419 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0611 | |||
| Treynor Ratio | 0.1447 |
Trinity Industries Backtested Returns
Trinity Industries appears to be very steady, given 3 months investment horizon. Trinity Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Trinity Industries, which you can use to evaluate the volatility of the company. Please review Trinity Industries' Risk Adjusted Performance of 0.1005, coefficient of variation of 812.15, and Semi Deviation of 1.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trinity Industries holds a performance score of 8. The entity has a beta of 1.73, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Trinity Industries will likely underperform. Please check Trinity Industries' maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Trinity Industries' existing price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Trinity Industries has insignificant predictability. Overlapping area represents the amount of predictability between Trinity Industries time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Trinity Industries price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Trinity Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Trinity Industries lagged returns against current returns
Autocorrelation, which is Trinity Industries 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 Trinity Industries' stock expected returns. We can calculate the autocorrelation of Trinity Industries returns to help us make a trade decision. For example, suppose you find that Trinity Industries 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 |
Trinity Industries 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 Trinity Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trinity Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trinity Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Trinity Industries Lagged Returns
When evaluating Trinity Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trinity Industries stock have on its future price. Trinity Industries 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, Trinity Industries autocorrelation shows the relationship between Trinity Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Trinity Industries.
Regressed Prices |
| Timeline |
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 Trinity Industries Correlation, Trinity Industries Volatility and Trinity Industries Alpha and Beta module to complement your research on Trinity Industries. To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Trinity Industries 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.