Trimble Correlations

TRMB Stock

USD 81.43 0.61 0.74%

The current 90-days correlation between Trimble and Teledyne Technologies Incorporated is 0.57 (i.e., Very weak diversification). The correlation of Trimble is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Trimble Correlation With Market

Very poor diversification

The correlation between Trimble and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trimble and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Trimble Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trimble. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Trimble Stock refer to our How to Trade Trimble Stock guide.

Moving together with Trimble Stock

0.98	ST	Sensata Technologies Earnings Call Next Week	Pair Corr
0.87	FARO	FARO Technologies	Pair Corr
0.78	BMI	Badger Meter	Pair Corr
0.97	ESE	ESCO Technologies	Pair Corr
0.64	KNW	Know Labs	Pair Corr
0.94	TDY	Teledyne Technologies Earnings Call This Week	Pair Corr
0.97	VNT	Vontier Corp	Pair Corr
0.9	VPG	Vishay Precision	Pair Corr
0.89	GRMN	Garmin Earnings Call Next Week	Pair Corr
0.92	ITRI	Itron Inc	Pair Corr
0.92	ITRN	Ituran Location	Pair Corr
0.9	KEYS	Keysight Technologies	Pair Corr
0.69	MIND	Mind Technology	Pair Corr
0.98	MKSI	MKS Instruments	Pair Corr
0.81	NOVT	Novanta	Pair Corr
0.89	BKSY	Blacksky Technology Downward Rally	Pair Corr
0.97	CGNX	Cognex Earnings Call Next Week	Pair Corr
0.98	COHR	Coherent	Pair Corr
0.93	VRRM	Verra Mobility Corp	Pair Corr
0.71	ENLV	Enlivex Therapeutics	Pair Corr
0.83	FRGE	Forge Global Holdings	Pair Corr
0.9	IBM	International Business Earnings Call This Week	Pair Corr
0.88	LPL	LG Display Earnings Call This Week	Pair Corr
0.61	GILT	Gilat Satellite Networks	Pair Corr

Moving against Trimble Stock

0.71	MLAB	Mesa Laboratories	Pair Corr
0.58	FCUV	Focus Universal	Pair Corr
0.49	GNSS	Genasys	Pair Corr
0.9	SVRE	SaverOne 2014 Tech Boost	Pair Corr
0.55	ARQQW	Arqit Quantum Warrants	Pair Corr
0.53	ODYS	Odysightai Common Stock	Pair Corr
0.46	SOTK	Sono Tek Corp	Pair Corr

Related Correlations Analysis

	TDY	FTV	MKSI	CGNX	VNT	ANSS	TER	PTC	ZBRA
TDY		0.32	0.89	0.9	0.88	0.92	0.87	0.92	0.91	TDY
FTV	0.32		0.54	0.61	0.66	0.38	0.44	0.39	0.61	FTV
MKSI	0.89	0.54		0.95	0.95	0.9	0.98	0.89	0.98	MKSI
CGNX	0.9	0.61	0.95		0.98	0.93	0.89	0.93	0.98	CGNX
VNT	0.88	0.66	0.95	0.98		0.89	0.88	0.88	0.98	VNT
ANSS	0.92	0.38	0.9	0.93	0.89		0.85	0.94	0.91	ANSS
TER	0.87	0.44	0.98	0.89	0.88	0.85		0.85	0.93	TER
PTC	0.92	0.39	0.89	0.93	0.88	0.94	0.85		0.9	PTC
ZBRA	0.91	0.61	0.98	0.98	0.98	0.91	0.93	0.9		ZBRA
	TDY	FTV	MKSI	CGNX	VNT	ANSS	TER	PTC	ZBRA

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Risk-Adjusted Indicators

There is a big difference between Trimble Stock performing well and Trimble Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Trimble's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TDY	0.79	0.19	0.16	0.42	0.58	(0.96)	1.90	(1.51)	4.44
FTV	1.15	(0.11)	(0.07)	0.03	1.42	(1.26)	2.68	(2.21)	7.92
MKSI	2.50	0.37	0.22	0.28	2.10	(2.99)	6.25	(4.67)	18.27
CGNX	1.61	0.34	0.24	0.39	1.23	(1.87)	4.02	(2.10)	11.44
VNT	1.13	0.21	0.19	0.31	0.90	(1.34)	2.16	(2.16)	7.79
ANSS	1.05	0.40	0.13	(1.07)	1.33	(1.16)	2.82	(1.59)	8.76
TER	1.89	0.16	0.15	0.23	1.53	(2.39)	5.62	(2.94)	10.58
PTC	1.45	0.33	0.17	0.40	1.49	(1.56)	2.70	(2.37)	25.19
ZBRA	1.61	0.33	0.28	0.32	1.10	(1.95)	3.80	(2.24)	15.62

Trimble Corporate Management

Julie Shepard	Principal Accounting Officer and VP of Fin.	Profile
Jennifer Allison	Corporate Counsel	Profile
Shaun Callaghan	Sector Sales	Profile
Mark Schwartz	Senior Software	Profile
Padmaprakash Iyer	VP Strategy	Profile
Chris Keating	Senior Logistics	Profile
Garland Jackson	Senior Transportation	Profile

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