Trimble Correlations

TRMB Stock

USD 71.62 1.08 1.53%

The current 90-days correlation between Trimble and Fortive Corp is 0.87 (i.e., Very poor 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

Almost no diversification

The correlation between Trimble and DJI is 0.91 (i.e., Almost no 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

0.86	ST	Sensata Technologies Tech Boost	Pair Corr
0.76	ELSE	Electro Sensors	Pair Corr
0.79	WATT	Energous	Pair Corr
0.8	WRAP	Wrap Technologies	Pair Corr
0.94	FTV	Fortive Corp	Pair Corr
0.73	KNW	Know Labs Earnings Call Today	Pair Corr
0.91	TDY	Teledyne Technologies	Pair Corr
0.94	VNT	Vontier Corp	Pair Corr
0.78	GNSS	Genasys	Pair Corr
0.8	GRMN	Garmin	Pair Corr
0.93	KEYS	Keysight Technologies Earnings Call This Week	Pair Corr
0.86	MIND	Mind Technology	Pair Corr
0.64	MVIS	Microvision	Pair Corr
0.89	NOVT	Novanta	Pair Corr
0.75	SOBR	Sobr Safe	Pair Corr
0.75	SVRE	SaverOne 2014	Pair Corr
0.81	BKSY	Blacksky Technology Sell-off Trend	Pair Corr
0.92	CGNX	Cognex	Pair Corr
0.89	COHR	Coherent	Pair Corr
0.84	S	SentinelOne	Pair Corr
0.9	DIOD	Diodes Incorporated Tech Boost	Pair Corr
0.78	AI	C3 Ai Inc	Pair Corr
0.91	BB	BlackBerry Aggressive Push	Pair Corr
0.72	BL	Blackline	Pair Corr
0.77	DQ	Daqo New Energy	Pair Corr
0.87	DT	Dynatrace Holdings LLC	Pair Corr
0.77	DV	DoubleVerify Holdings	Pair Corr

Moving against Trimble Stock

0.57

Global Blue Group

Pair Corr

Related Correlations Analysis

	FTV	MKSI	NOVT	VPG	VNT	TDY	ESE	ST	COHR	IIVI
FTV		0.93	0.94	0.5	0.92	0.86	0.48	0.9	0.83	0.0	FTV
MKSI	0.93		0.91	0.59	0.91	0.82	0.38	0.82	0.89	0.0	MKSI
NOVT	0.94	0.91		0.5	0.82	0.84	0.38	0.92	0.75	0.0	NOVT
VPG	0.5	0.59	0.5		0.63	0.51	0.47	0.54	0.58	0.0	VPG
VNT	0.92	0.91	0.82	0.63		0.81	0.57	0.76	0.94	0.0	VNT
TDY	0.86	0.82	0.84	0.51	0.81		0.55	0.82	0.74	0.0	TDY
ESE	0.48	0.38	0.38	0.47	0.57	0.55		0.46	0.47	0.0	ESE
ST	0.9	0.82	0.92	0.54	0.76	0.82	0.46		0.62	0.0	ST
COHR	0.83	0.89	0.75	0.58	0.94	0.74	0.47	0.62		0.0	COHR
IIVI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IIVI
	FTV	MKSI	NOVT	VPG	VNT	TDY	ESE	ST	COHR	IIVI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NOVT	+ 0.94	FTV
COHR	+ 0.94	VNT
MKSI	+ 0.93	FTV
VNT	+ 0.92	FTV
ST	+ 0.92	NOVT
NOVT	+ 0.91	MKSI

High negative correlations

IIVI	- 0.0	COHR
IIVI	- 0.0	ST
IIVI	- 0.0	ESE
IIVI	- 0.0	TDY
IIVI	- 0.0	VNT
IIVI	- 0.0	VPG

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
FTV	1.61	(0.01)	0.00	(0.08)	0.00	0.00	2.77	(4.18)	14.17
MKSI	3.70	(0.35)	0.00	21.96	0.00	0.00	6.25	(6.74)	36.77
NOVT	1.93	(0.26)	0.00	3.71	0.00	0.00	2.99	(3.53)	20.60
VPG	3.50	0.19	0.05	(0.92)	5.06	(3.81)	9.10	(6.21)	44.34
VNT	1.82	0.05	0.00	(0.04)	0.00	0.00	3.29	(4.22)	16.11
TDY	1.26	0.04	0.00	(0.04)	0.00	0.00	2.37	(2.73)	10.34
ESE	2.29	0.60	0.25	0.46	2.01	(2.85)	4.38	(3.24)	27.03
ST	2.76	0.11	0.04	0.53	4.22	(3.05)	7.55	(6.40)	26.79
COHR	4.06	(0.01)	0.00	(0.08)	0.00	0.00	7.64	(9.20)	34.73
IIVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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