Ingersoll Rand Stock Market Value
| IR Stock | USD 91.88 1.13 1.25% |
| Symbol | Ingersoll |
Ingersoll Rand Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Ingersoll Rand. If investors know Ingersoll 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 Ingersoll Rand 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 0.059 | Dividend Share 0.08 | Earnings Share 2.05 | Revenue Per Share | Quarterly Revenue Growth 0.07 |
The market value of Ingersoll Rand is measured differently than its book value, which is the value of Ingersoll that is recorded on the company's balance sheet. Investors also form their own opinion of Ingersoll Rand's value that differs from its market value or its book value, called intrinsic value, which is Ingersoll Rand'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 Ingersoll Rand's market value can be influenced by many factors that don't directly affect Ingersoll Rand'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 Ingersoll Rand's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ingersoll Rand is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ingersoll Rand'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.
Ingersoll Rand '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 Ingersoll Rand'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 Ingersoll Rand.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Ingersoll Rand on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Ingersoll Rand or generate 0.0% return on investment in Ingersoll Rand over 30 days. Ingersoll Rand is related to or competes with IDEX, Flowserve, Donaldson, Franklin Electric, Graco, ITT, and Ametek. Ingersoll Rand Inc. provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in ... More
Ingersoll Rand 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 Ingersoll Rand'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 Ingersoll Rand upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.2 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.13 |
Ingersoll Rand Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ingersoll Rand's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ingersoll Rand's standard deviation. In reality, there are many statistical measures that can use Ingersoll Rand historical prices to predict the future Ingersoll Rand's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.22) |
Ingersoll Rand Backtested Returns
Ingersoll Rand holds Efficiency (Sharpe) Ratio of -0.0864, which attests that the entity had a -0.0864% return per unit of risk over the last 3 months. Ingersoll Rand exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ingersoll Rand's Market Risk Adjusted Performance of (0.21), risk adjusted performance of (0.09), and Standard Deviation of 1.44 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ingersoll Rand's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ingersoll Rand is expected to be smaller as well. At this point, Ingersoll Rand has a negative expected return of -0.13%. Please make sure to check out Ingersoll Rand's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Ingersoll Rand performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Ingersoll Rand has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ingersoll Rand time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ingersoll Rand price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Ingersoll Rand price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.6 |
Ingersoll Rand lagged returns against current returns
Autocorrelation, which is Ingersoll Rand 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 Ingersoll Rand's stock expected returns. We can calculate the autocorrelation of Ingersoll Rand returns to help us make a trade decision. For example, suppose you find that Ingersoll Rand 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 |
Ingersoll Rand 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 Ingersoll Rand stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ingersoll Rand stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ingersoll Rand stock over time.
Current vs Lagged Prices |
| Timeline |
Ingersoll Rand Lagged Returns
When evaluating Ingersoll Rand's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ingersoll Rand stock have on its future price. Ingersoll Rand 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, Ingersoll Rand autocorrelation shows the relationship between Ingersoll Rand stock current value and its past values and can show if there is a momentum factor associated with investing in Ingersoll Rand.
Regressed Prices |
| Timeline |
Pair Trading with Ingersoll Rand
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 Ingersoll Rand 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 Ingersoll Rand will appreciate offsetting losses from the drop in the long position's value.Moving together with Ingersoll Stock
Moving against Ingersoll Stock
| 0.79 | RR | Richtech Robotics Class Downward Rally | PairCorr |
| 0.7 | B | Barnes Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Ingersoll Rand could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ingersoll Rand 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 Ingersoll Rand - 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 Ingersoll Rand to buy it.
The correlation of Ingersoll Rand 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 Ingersoll Rand moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ingersoll Rand 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 Ingersoll Rand 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 Ingersoll Stock Analysis
When running Ingersoll Rand's price analysis, check to measure Ingersoll Rand'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 Ingersoll Rand is operating at the current time. Most of Ingersoll Rand's value examination focuses on studying past and present price action to predict the probability of Ingersoll Rand's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ingersoll Rand's price. Additionally, you may evaluate how the addition of Ingersoll Rand to your portfolios can decrease your overall portfolio volatility.