Trane Technologies is a Great Momentum Stock Should You Buy?
| TT Stock | USD 376.98 0.14 0.04% |
Slightly above 62% of Trane Technologies' investor base is looking to short. The analysis of overall sentiment of trading Trane Technologies plc stock suggests that many investors are alarmed at this time. Trane Technologies' investing sentiment can be driven by a variety of factors including economic data, Trane Technologies' earnings reports, geopolitical events, and overall market trends.
Trane |
Does Trane Technologies have what it takes to be a top stock pick for momentum investors Lets find out.
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Trane Technologies Fundamental Analysis
We analyze Trane Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Trane Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Trane Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Trane Technologies is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Trane Technologies plc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Trane Technologies stock to make a market-neutral strategy. Peer analysis of Trane Technologies could also be used in its relative valuation, which is a method of valuing Trane Technologies by comparing valuation metrics with similar companies.
Peers
Trane Technologies Related Equities
| JELD | Jeld Wen | 9.69 | ||||
| ROCK | Gibraltar Industries | 3.06 | ||||
| FBIN | Fortune Brands | 2.65 | ||||
| NX | Quanex Building | 2.34 | ||||
| MAS | Masco | 0.48 | ||||
| CSL | Carlisle Companies | 0.99 | ||||
| JCI | Johnson Controls | 1.72 | ||||
| WMS | Advanced Drainage | 1.90 | ||||
| BLDR | Builders FirstSource | 2.47 | ||||
| LII | Lennox International | 2.48 | ||||
| CARR | Carrier Global | 2.83 | ||||
| AZEK | Azek | 3.11 |
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.