Trane Technologies (UK) Market Value
| 0Y2S Stock | 88.17 0.00 0.00% |
| Symbol | Trane |
Trane Technologies '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 Trane Technologies' 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 Trane Technologies.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Trane Technologies on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Trane Technologies PLC or generate 0.0% return on investment in Trane Technologies over 180 days. Trane Technologies is related to or competes with Europa Metals, Morgan Advanced, Public Storage, Applied Materials, Golden Metal, National Beverage, and GreenX Metals. Trane Technologies is entity of United Kingdom More
Trane Technologies 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 Trane Technologies' 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 Trane Technologies PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 64.07 | |||
| Information Ratio | 0.3195 | |||
| Maximum Drawdown | 447.45 | |||
| Value At Risk | (77.65) | |||
| Potential Upside | 355.5 |
Trane Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trane Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trane Technologies' standard deviation. In reality, there are many statistical measures that can use Trane Technologies historical prices to predict the future Trane Technologies' volatility.| Risk Adjusted Performance | 0.2549 | |||
| Jensen Alpha | 42.56 | |||
| Total Risk Alpha | 21.06 | |||
| Sortino Ratio | 0.6842 | |||
| Treynor Ratio | 4.01 |
Trane Technologies PLC Backtested Returns
Trane Technologies is out of control given 3 months investment horizon. Trane Technologies PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.32, which indicates the firm had a 0.32% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-four different technical indicators, which can help you to evaluate if expected returns of 44.65% are justified by taking the suggested risk. Use Trane Technologies PLC Semi Deviation of 34.23, risk adjusted performance of 0.2549, and Coefficient Of Variation of 312.04 to evaluate company specific risk that cannot be diversified away. Trane Technologies holds a performance score of 25 on a scale of zero to a hundred. The entity has a beta of 10.95, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Trane Technologies will likely underperform. Use Trane Technologies PLC market risk adjusted performance, semi deviation, variance, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Trane Technologies PLC.
Auto-correlation | 0.25 |
Poor predictability
Trane Technologies PLC has poor predictability. Overlapping area represents the amount of predictability between Trane Technologies time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Trane Technologies PLC price movement. The serial correlation of 0.25 indicates that over 25.0% of current Trane Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 20.5 K |
Trane Technologies PLC lagged returns against current returns
Autocorrelation, which is Trane Technologies 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 Trane Technologies' stock expected returns. We can calculate the autocorrelation of Trane Technologies returns to help us make a trade decision. For example, suppose you find that Trane Technologies 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Trane Technologies 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 Trane Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trane Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trane Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Trane Technologies Lagged Returns
When evaluating Trane Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trane Technologies stock have on its future price. Trane Technologies 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, Trane Technologies autocorrelation shows the relationship between Trane Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Trane Technologies PLC.
Regressed Prices |
| Timeline |
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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.Additional Tools for Trane Stock Analysis
When running Trane Technologies' price analysis, check to measure Trane Technologies' 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 Trane Technologies is operating at the current time. Most of Trane Technologies' value examination focuses on studying past and present price action to predict the probability of Trane Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trane Technologies' price. Additionally, you may evaluate how the addition of Trane Technologies to your portfolios can decrease your overall portfolio volatility.