| TRS Stock | | | USD 24.59 0.05 0.20% |
TriMas financial indicator trend analysis is much more than just breaking down TriMas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TriMas is a good investment. Please check the relationship between TriMas Ebit and its Other Operating Expenses accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TriMas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy TriMas Stock please use our
How to Invest in TriMas guide.
Ebit vs Other Operating Expenses
Ebit vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TriMas Ebit account and
Other Operating Expenses. At this time, the significance of the direction appears to have weak relationship.
The correlation between TriMas' Ebit and Other Operating Expenses is 0.32. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of TriMas, assuming nothing else is changed. The correlation between historical values of TriMas' Ebit and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of TriMas are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Ebit i.e., TriMas' Ebit and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Ebit
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TriMas. It is also known as TriMas overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from TriMas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TriMas 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 TriMas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy TriMas Stock please use our
How to Invest in TriMas guide.At this time, TriMas'
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 44.3
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.11 in 2024.
TriMas fundamental ratios Correlations
Click cells to compare fundamentals
TriMas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TriMas fundamental ratios Accounts
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Additional Tools for TriMas Stock Analysis
When running TriMas' price analysis, check to
measure TriMas' 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 TriMas is operating at the current time. Most of TriMas' value examination focuses on studying past and present price action to
predict the probability of TriMas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TriMas' price. Additionally, you may evaluate how the addition of TriMas to your portfolios can decrease your overall portfolio volatility.