Carrier Global Corp Stock Market Value
| CARR Stock | USD 78.87 1.87 2.43% |
| Symbol | Carrier |
Carrier Global Corp Price To Book Ratio
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carrier Global. If investors know Carrier will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carrier Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.167 | Dividend Share 0.76 | Earnings Share 1.7 | Revenue Per Share 28.007 | Quarterly Revenue Growth 0.213 |
The market value of Carrier Global Corp is measured differently than its book value, which is the value of Carrier that is recorded on the company's balance sheet. Investors also form their own opinion of Carrier Global's value that differs from its market value or its book value, called intrinsic value, which is Carrier Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carrier Global's market value can be influenced by many factors that don't directly affect Carrier Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carrier Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carrier Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrier Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Carrier Global '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 Carrier Global's 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 Carrier Global.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Carrier Global on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Carrier Global Corp or generate 0.0% return on investment in Carrier Global over 30 days. Carrier Global is related to or competes with Johnson Controls, Lennox International, Masco, Carlisle Companies, Owens Corning, Trane Technologies, and Fortune Brands. Carrier Global Corporation provides heating, ventilating, and air conditioning , refrigeration, fire, security, and buil... More
Carrier Global 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 Carrier Global's 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 Carrier Global Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.0241 | |||
| Maximum Drawdown | 11.86 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.39 |
Carrier Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carrier Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carrier Global's standard deviation. In reality, there are many statistical measures that can use Carrier Global historical prices to predict the future Carrier Global's volatility.| Risk Adjusted Performance | 0.0812 | |||
| Jensen Alpha | 0.0146 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.021 | |||
| Treynor Ratio | 0.1327 |
Carrier Global Corp Backtested Returns
Currently, Carrier Global Corp is very steady. Carrier Global Corp secures Sharpe Ratio (or Efficiency) of 0.094, which signifies that the company had a 0.094% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Carrier Global Corp, which you can use to evaluate the volatility of the firm. Please confirm Carrier Global's Mean Deviation of 1.23, risk adjusted performance of 0.0812, and Downside Deviation of 2.02 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Carrier Global has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.23, which signifies 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, Carrier Global will likely underperform. Carrier Global Corp right now shows a risk of 1.79%. Please confirm Carrier Global Corp expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Carrier Global Corp will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
Carrier Global Corp has good predictability. Overlapping area represents the amount of predictability between Carrier Global time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Carrier Global Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current Carrier Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Carrier Global Corp lagged returns against current returns
Autocorrelation, which is Carrier Global 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 Carrier Global's stock expected returns. We can calculate the autocorrelation of Carrier Global returns to help us make a trade decision. For example, suppose you find that Carrier Global 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 |
Carrier Global 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 Carrier Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carrier Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carrier Global stock over time.
Current vs Lagged Prices |
| Timeline |
Carrier Global Lagged Returns
When evaluating Carrier Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carrier Global stock have on its future price. Carrier Global 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, Carrier Global autocorrelation shows the relationship between Carrier Global stock current value and its past values and can show if there is a momentum factor associated with investing in Carrier Global Corp.
Regressed Prices |
| Timeline |
Pair Trading with Carrier Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carrier Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carrier Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Carrier Stock
Moving against Carrier Stock
The ability to find closely correlated positions to Carrier Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carrier Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carrier Global Corp to buy it.
The correlation of Carrier Global 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carrier Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier Global Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carrier Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Carrier Stock Analysis
When running Carrier Global's price analysis, check to measure Carrier Global's 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 Carrier Global is operating at the current time. Most of Carrier Global's value examination focuses on studying past and present price action to predict the probability of Carrier Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier Global's price. Additionally, you may evaluate how the addition of Carrier Global to your portfolios can decrease your overall portfolio volatility.