INGERSOLL RAND GLOBAL HLDG Market Value
| 45687AAG7 | 107.64 2.90 2.77% |
| Symbol | INGERSOLL |
INGERSOLL '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's bond 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.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in INGERSOLL on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding INGERSOLL RAND GLOBAL HLDG or generate 0.0% return on investment in INGERSOLL over 690 days. INGERSOLL is related to or competes with Hooker Furniture, Canlan Ice, Zijin Mining, and Procter Gamble. More
INGERSOLL 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's bond 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 GLOBAL HLDG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.88 |
INGERSOLL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INGERSOLL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INGERSOLL's standard deviation. In reality, there are many statistical measures that can use INGERSOLL historical prices to predict the future INGERSOLL's volatility.| Risk Adjusted Performance | 0.075 | |||
| Jensen Alpha | 0.0954 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.31) |
INGERSOLL RAND GLOBAL Backtested Returns
At this point, INGERSOLL is very steady. INGERSOLL RAND GLOBAL holds Efficiency (Sharpe) Ratio of 0.0269, which attests that the entity had a 0.0269% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for INGERSOLL RAND GLOBAL, which you can use to evaluate the volatility of the entity. Please check out INGERSOLL's Risk Adjusted Performance of 0.075, market risk adjusted performance of (1.30), and Semi Deviation of 0.915 to validate if the risk estimate we provide is consistent with the expected return of 0.0322%. The bond retains a Market Volatility (i.e., Beta) of -0.0668, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning INGERSOLL are expected to decrease at a much lower rate. During the bear market, INGERSOLL is likely to outperform the market.
Auto-correlation | 0.29 |
Poor predictability
INGERSOLL RAND GLOBAL HLDG has poor predictability. Overlapping area represents the amount of predictability between INGERSOLL time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 INGERSOLL RAND GLOBAL price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current INGERSOLL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 5.42 |
INGERSOLL RAND GLOBAL lagged returns against current returns
Autocorrelation, which is INGERSOLL bond'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's bond expected returns. We can calculate the autocorrelation of INGERSOLL returns to help us make a trade decision. For example, suppose you find that INGERSOLL has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INGERSOLL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INGERSOLL bond over time.
Current vs Lagged Prices |
| Timeline |
INGERSOLL Lagged Returns
When evaluating INGERSOLL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INGERSOLL bond have on its future price. INGERSOLL 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 autocorrelation shows the relationship between INGERSOLL bond current value and its past values and can show if there is a momentum factor associated with investing in INGERSOLL RAND GLOBAL HLDG.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in INGERSOLL Bond
INGERSOLL financial ratios help investors to determine whether INGERSOLL Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in INGERSOLL with respect to the benefits of owning INGERSOLL security.