Trane Technologies (Germany) Market Value
| 2IS Stock | EUR 399.90 3.20 0.81% |
| 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.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Trane Technologies on November 29, 2023 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 360 days. Trane Technologies is related to or competes with Science Applications, Insurance Australia, National Storage, Zurich Insurance, MSAD INSURANCE, SBI Insurance, and Reinsurance Group. Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products 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 | 1.77 | |||
| Information Ratio | 0.1509 | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 2.35 |
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 | 0.1834 | |||
| Jensen Alpha | 0.2176 | |||
| Total Risk Alpha | 0.1102 | |||
| Sortino Ratio | 0.1368 | |||
| Treynor Ratio | 0.3011 |
Trane Technologies plc Backtested Returns
Trane Technologies appears to be very steady, given 3 months investment horizon. Trane Technologies plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. We have found thirty technical indicators for Trane Technologies plc, which you can use to evaluate the volatility of the company. Please review Trane Technologies' Semi Deviation of 1.37, risk adjusted performance of 0.1834, and Coefficient Of Variation of 430.5 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trane Technologies holds a performance score of 17. The entity has a beta of 1.21, 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. Please check Trane Technologies' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Trane Technologies' existing price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Trane Technologies plc has very good predictability. Overlapping area represents the amount of predictability between Trane Technologies time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd of November 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 0.81 indicates that around 81.0% of current Trane Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 672.68 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Trane Stock
When determining whether Trane Technologies plc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Trane Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Trane Technologies Plc Stock. Highlighted below are key reports to facilitate an investment decision about Trane Technologies Plc Stock:Check out Trane Technologies Correlation, Trane Technologies Volatility and Trane Technologies Alpha and Beta module to complement your research on Trane Technologies. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Trane Technologies 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.