| TRS Stock | | | USD 25.54 0.04 0.16% |
TriMas financial indicator trend analysis is much more than just breaking down TriMas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TriMas is a good investment. Please check the relationship between TriMas Other Operating Expenses and its Net Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TriMas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy TriMas Stock please use our
How to Invest in TriMas guide.
Other Operating Expenses vs Net Income
Other Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TriMas Other Operating Expenses account and
Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between TriMas' Other Operating Expenses and Net Income is 0.3. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of TriMas, assuming nothing else is changed. The correlation between historical values of TriMas' Other Operating Expenses and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of TriMas are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Other Operating Expenses i.e., TriMas' Other Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | 0.3 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TriMas. It is also known as TriMas overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in TriMas financial statement analysis. It represents the amount of money remaining after all of TriMas operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from TriMas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TriMas current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TriMas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy TriMas Stock please use our
How to Invest in TriMas guide.At this time, TriMas'
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 44.3
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.11 in 2024.
TriMas fundamental ratios Correlations
Click cells to compare fundamentals
TriMas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TriMas fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for TriMas Stock Analysis
When running TriMas' price analysis, check to
measure TriMas' 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 TriMas is operating at the current time. Most of TriMas' value examination focuses on studying past and present price action to
predict the probability of TriMas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TriMas' price. Additionally, you may evaluate how the addition of TriMas to your portfolios can decrease your overall portfolio volatility.