TNET Stock | | | USD 94.93 0.69 0.73% |
TriNet financial indicator trend analysis is much more than just breaking down TriNet Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TriNet Group is a good investment. Please check the relationship between TriNet Short Term Investments and its Cash accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TriNet Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Short Term Investments vs Cash
Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TriNet Group Short Term Investments account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between TriNet's Short Term Investments and Cash is 0.64. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of TriNet Group, assuming nothing else is changed. The correlation between historical values of TriNet's Short Term Investments and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of TriNet Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Investments i.e., TriNet's Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of TriNet balance sheet. It contains any investments TriNet Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that TriNet Group can easily liquidate in the marketplace.
Cash
Cash refers to the most liquid asset of TriNet Group, which is listed under current asset account on TriNet Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from TriNet customers. The amounts must be unrestricted with restricted cash listed in a different TriNet account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from TriNet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TriNet Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TriNet Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, TriNet's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 13.63 in 2024, whereas
Selling General Administrative is likely to drop slightly above 127.8
M in 2024.
TriNet fundamental ratios Correlations
Click cells to compare fundamentals
TriNet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TriNet fundamental ratios Accounts
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Additional Tools for TriNet Stock Analysis
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measure TriNet'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 TriNet is operating at the current time. Most of TriNet's value examination focuses on studying past and present price action to
predict the probability of TriNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TriNet's price. Additionally, you may evaluate how the addition of TriNet to your portfolios can decrease your overall portfolio volatility.