Trio Tech International Stock Market Value
| TRT Stock | USD 6.19 0.19 3.17% |
| Symbol | Trio |
Trio Tech International Price To Book Ratio
Is Semiconductors & Semiconductor 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 Trio Tech. If investors know Trio 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 Trio Tech 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 0.441 | Earnings Share 0.13 | Revenue Per Share 10.171 | Quarterly Revenue Growth 0.073 | Return On Assets 0.0168 |
The market value of Trio Tech International is measured differently than its book value, which is the value of Trio that is recorded on the company's balance sheet. Investors also form their own opinion of Trio Tech's value that differs from its market value or its book value, called intrinsic value, which is Trio Tech's 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 Trio Tech's market value can be influenced by many factors that don't directly affect Trio Tech's 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 Trio Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trio Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trio Tech's 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.
Trio Tech '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 Trio Tech's 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 Trio Tech.
| 09/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Trio Tech on September 22, 2024 and sell it all today you would earn a total of 0.00 from holding Trio Tech International or generate 0.0% return on investment in Trio Tech over 90 days. Trio Tech is related to or competes with Aehr Test, Camtek, Nova, Axcelis Technologies, Cohu, Veeco Instruments, and Ichor Holdings. Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the... More
Trio Tech 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 Trio Tech's 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 Trio Tech International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0649 | |||
| Maximum Drawdown | 17.89 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 5.68 |
Trio Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trio Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trio Tech's standard deviation. In reality, there are many statistical measures that can use Trio Tech historical prices to predict the future Trio Tech's volatility.| Risk Adjusted Performance | 0.0666 | |||
| Jensen Alpha | 0.2368 | |||
| Total Risk Alpha | 0.1468 | |||
| Sortino Ratio | 0.0725 | |||
| Treynor Ratio | 1.17 |
Trio Tech International Backtested Returns
Trio Tech appears to be slightly risky, given 3 months investment horizon. Trio Tech International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.08, which indicates the firm had a 0.08% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Trio Tech International, which you can use to evaluate the volatility of the company. Please review Trio Tech's Coefficient Of Variation of 1342.83, semi deviation of 2.68, and Risk Adjusted Performance of 0.0666 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trio Tech holds a performance score of 6. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trio Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trio Tech is expected to be smaller as well. Please check Trio Tech's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Trio Tech's existing price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
Trio Tech International has virtually no predictability. Overlapping area represents the amount of predictability between Trio Tech time series from 22nd of September 2024 to 6th of November 2024 and 6th of November 2024 to 21st of December 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 Trio Tech International price movement. The serial correlation of 0.02 indicates that only 2.0% of current Trio Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Trio Tech International lagged returns against current returns
Autocorrelation, which is Trio Tech 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 Trio Tech's stock expected returns. We can calculate the autocorrelation of Trio Tech returns to help us make a trade decision. For example, suppose you find that Trio Tech 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 |
Trio Tech 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 Trio Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trio Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trio Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Trio Tech Lagged Returns
When evaluating Trio Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trio Tech stock have on its future price. Trio Tech 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, Trio Tech autocorrelation shows the relationship between Trio Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Trio Tech International.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Trio Stock Analysis
When running Trio Tech's price analysis, check to measure Trio Tech'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 Trio Tech is operating at the current time. Most of Trio Tech's value examination focuses on studying past and present price action to predict the probability of Trio Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trio Tech's price. Additionally, you may evaluate how the addition of Trio Tech to your portfolios can decrease your overall portfolio volatility.