Trinity Stock Market Value

TRIB
 Stock
  

USD 1.32  0.09  7.32%   

Trinity Bio's market value is the price at which a share of Trinity Bio stock trades on a public exchange. It measures the collective expectations of Trinity Bio ADR investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Trinity Bio ADR and determine expected loss or profit from investing in Trinity Bio over a given investment horizon. Additionally, take a look at Trinity Bio Hype Analysis, Trinity Bio Correlation, Trinity Bio Valuation, Trinity Bio Volatility, as well as analyze Trinity Bio Alpha and Beta and Trinity Bio Performance.
Symbol
Backtest


Is Trinity Bio's 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 Bio. 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 Bio 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 YOY
-0.77
Market Capitalization
50.3 M
Quarterly Revenue Growth YOY
-0.27
Return On Assets
0.031
Return On Equity
-1.91
The market value of Trinity Bio ADR 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 Bio's value that differs from its market value or its book value, called intrinsic value, which is Trinity Bio'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 Trinity Bio's market value can be influenced by many factors that don't directly affect Trinity Bio'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 Trinity Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine Trinity Bio value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trinity Bio'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.

Trinity Bio '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 Bio'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 Trinity Bio.
0.00
07/13/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
07/03/2022
0.00
If you would invest  0.00  in Trinity Bio on July 13, 2020 and sell it all today you would earn a total of 0.00 from holding Trinity Bio ADR or generate 0.0% return on investment in Trinity Bio over 720 days. Trinity Bio is related to or competes with Pfizer, Perrigo, Zoetis Inc, Mereo Biopharma, Genesis Unicorn, Johnson Johnson, and Merck. Trinity Biotech plc acquires, develops, manufactures, and markets medical diagnostic products for the clinical laborator...More

Trinity Bio 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 Bio'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 Trinity Bio ADR upside and downside potential and time the market with a certain degree of confidence.

Trinity Bio Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Trinity Bio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trinity Bio's standard deviation. In reality, there are many statistical measures that can use Trinity Bio historical prices to predict the future Trinity Bio's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Trinity Bio's 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. Please use the tools below to analyze the current value of Trinity Bio in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.071.345.88
Details
Intrinsic
Valuation
LowReal ValueHigh
0.142.777.31
Details
Naive
Forecast
LowNext ValueHigh
0.02751.385.91
Details
3 Analysts
Consensus
LowTarget PriceHigh
6.007.258.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Trinity Bio. Your research has to be compared to or analyzed against Trinity Bio's peers to derive any actionable benefits. When done correctly, Trinity Bio's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Trinity Bio ADR.

Trinity Bio ADR Backtested Returns

Trinity Bio appears to be very risky, given 3 months investment horizon. Trinity Bio ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0958, which indicates the firm had 0.0958% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Trinity Bio ADR, which you can use to evaluate the future volatility of the company. Please review Trinity Bio's Semi Deviation of 4.16, risk adjusted performance of 0.1215, and Coefficient Of Variation of 1237.73 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Trinity Bio holds a performance score of 7. The entity has a beta of 1.0103, which indicates a somewhat significant risk relative to the market. Let's try to break down what Trinity's beta means in this case. Trinity Bio returns are very sensitive to returns on the market. As the market goes up or down, Trinity Bio is expected to follow. Although it is vital to follow Trinity Bio ADR current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Trinity Bio ADR technical indicators, you can presently evaluate if the expected return of 0.43% will be sustainable into the future. Please operates Trinity Bio jensen alpha, as well as the relationship between the potential upside and skewness to make a quick decision on whether Trinity Bio ADR existing price patterns will revert.

Auto-correlation

    
  -0.69  

Very good reverse predictability

Trinity Bio ADR has very good reverse predictability. Overlapping area represents the amount of predictability between Trinity Bio time series from 13th of July 2020 to 8th of July 2021 and 8th of July 2021 to 3rd of July 2022. 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 Bio ADR price movement. The serial correlation of -0.69 indicates that around 69.0% of current Trinity Bio price fluctuation can be explain by its past prices.
Correlation Coefficient-0.69
Spearman Rank Test-0.23
Residual Average0.0
Price Variance0.26

Trinity Bio ADR lagged returns against current returns

Autocorrelation, which is Trinity Bio 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 Bio's stock expected returns. We can calculate the autocorrelation of Trinity Bio returns to help us make a trade decision. For example, suppose you find that Trinity Bio stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Trinity Bio 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 Bio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trinity Bio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trinity Bio stock over time.
 Current vs Lagged Prices 
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      Timeline 

Trinity Bio Lagged Returns

When evaluating Trinity Bio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trinity Bio stock have on its future price. Trinity Bio 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 Bio autocorrelation shows the relationship between Trinity Bio stock current value and its past values and can show if there is a momentum factor associated with investing in Trinity Bio ADR.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Trinity Bio without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Trinity Bio Hype Analysis, Trinity Bio Correlation, Trinity Bio Valuation, Trinity Bio Volatility, as well as analyze Trinity Bio Alpha and Beta and Trinity Bio Performance. Note that the Trinity Bio ADR information on this page should be used as a complementary analysis to other Trinity Bio's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Trinity Stock analysis

When running Trinity Bio ADR price analysis, check to measure Trinity Bio'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 Trinity Bio is operating at the current time. Most of Trinity Bio's value examination focuses on studying past and present price action to predict the probability of Trinity Bio's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Trinity Bio's price. Additionally, you may evaluate how the addition of Trinity Bio to your portfolios can decrease your overall portfolio volatility.
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Trinity Bio 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.
A focus of Trinity Bio technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Trinity Bio trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...