TRIMBLE INC 475 Market Value
| 896239AA8 | 99.68 0.00 0.00% |
| Symbol | TRIMBLE |
TRIMBLE '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 TRIMBLE's bond 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 TRIMBLE.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in TRIMBLE on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding TRIMBLE INC 475 or generate 0.0% return on investment in TRIMBLE over 30 days. TRIMBLE is related to or competes with Grocery Outlet, Bright Scholar, Cardinal Health, Kite Realty, Gap,, and Lululemon Athletica. More
TRIMBLE 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 TRIMBLE's bond 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 TRIMBLE INC 475 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4148 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.06 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3559 |
TRIMBLE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRIMBLE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRIMBLE's standard deviation. In reality, there are many statistical measures that can use TRIMBLE historical prices to predict the future TRIMBLE's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.2534 |
TRIMBLE INC 475 Backtested Returns
TRIMBLE INC 475 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0065, which indicates the bond had a -0.0065% return per unit of volatility over the last 3 months. TRIMBLE INC 475 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TRIMBLE's coefficient of variation of 16092.42, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of -0.0313, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TRIMBLE are expected to decrease at a much lower rate. During the bear market, TRIMBLE is likely to outperform the market.
Auto-correlation | 1.00 |
Perfect predictability
TRIMBLE INC 475 has perfect predictability. Overlapping area represents the amount of predictability between TRIMBLE time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 TRIMBLE INC 475 price movement. The serial correlation of 1.0 indicates that 100.0% of current TRIMBLE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
TRIMBLE INC 475 lagged returns against current returns
Autocorrelation, which is TRIMBLE bond'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 TRIMBLE's bond expected returns. We can calculate the autocorrelation of TRIMBLE returns to help us make a trade decision. For example, suppose you find that TRIMBLE has exhibited high autocorrelation historically, and you observe that the bond 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 |
TRIMBLE 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 TRIMBLE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRIMBLE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRIMBLE bond over time.
Current vs Lagged Prices |
| Timeline |
TRIMBLE Lagged Returns
When evaluating TRIMBLE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRIMBLE bond have on its future price. TRIMBLE 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, TRIMBLE autocorrelation shows the relationship between TRIMBLE bond current value and its past values and can show if there is a momentum factor associated with investing in TRIMBLE INC 475.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in TRIMBLE Bond
TRIMBLE financial ratios help investors to determine whether TRIMBLE Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TRIMBLE with respect to the benefits of owning TRIMBLE security.