Trinity Industries Stock Market Value
| TRN Stock | USD 27.18 0.42 1.57% |
| Symbol | Trinity |
Trinity Industries Price To Book Ratio
Is Trinity Industries' 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 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 0.985 | Dividend Share 1.06 | Earnings Share 1.43 | Revenue Per Share 36.74 | Quarterly Revenue Growth 0.35 |
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.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Trinity Industries on May 1, 2023 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 360 days. Trinity Industries is related to or competes with LB Foster, CSX, Norfolk Southern, Union Pacific, Canadian Pacific, and Canadian National. 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 | 1.89 | |||
| Information Ratio | 0.0322 | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 2.83 |
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 | 0.0595 | |||
| Jensen Alpha | 0.0187 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0308 | |||
| Treynor Ratio | 0.0981 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trinity Industries' 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.
Trinity Industries Backtested Returns
We consider Trinity Industries very steady. Trinity Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0617, which indicates the firm had a 0.0617% 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 validate Trinity Industries' Semi Deviation of 1.78, risk adjusted performance of 0.0595, and Coefficient Of Variation of 1177.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Trinity Industries has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 1.46, 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. Trinity Industries right now has a risk of 1.82%. Please validate Trinity Industries maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Trinity Industries will be following its existing price patterns.
Auto-correlation | 0.28 |
Poor predictability
Trinity Industries has poor predictability. Overlapping area represents the amount of predictability between Trinity Industries time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th 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 Trinity Industries price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Trinity Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.13 |
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 |
Currently Active Assets on Macroaxis
When determining whether Trinity Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Trinity Industries' 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 Trinity Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trinity Industries Stock: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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Trinity Stock analysis
When running Trinity Industries' price analysis, check to measure Trinity Industries' 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 Trinity Industries is operating at the current time. Most of Trinity Industries' value examination focuses on studying past and present price action to predict the probability of Trinity Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trinity Industries' price. Additionally, you may evaluate how the addition of Trinity Industries to your portfolios can decrease your overall portfolio volatility.
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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.