Trane Technologies (Germany) Market Value
| 2IS Stock | EUR 338.00 6.20 1.87% |
| 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.
| 01/01/2025 |
| 03/02/2025 |
If you would invest 0.00 in Trane Technologies on January 1, 2025 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 60 days. Trane Technologies is related to or competes with SENECA FOODS-A, TOREX SEMICONDUCTOR, ELMOS SEMICONDUCTOR, MOLSON COORS, BG Foods, and EBRO FOODS. 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.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.18 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.77 |
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 | (0.10) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.52) |
Trane Technologies plc Backtested Returns
Trane Technologies plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15 % return per unit of risk over the last 3 months. Trane Technologies plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trane Technologies' Variance of 2.6, coefficient of variation of (671.97), and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trane Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Trane Technologies is expected to be smaller as well. At this point, Trane Technologies plc has a negative expected return of -0.24%. Please make sure to validate Trane Technologies' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Trane Technologies plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Trane Technologies plc has modest predictability. Overlapping area represents the amount of predictability between Trane Technologies time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd of March 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 Trane Technologies plc price movement. The serial correlation of 0.52 indicates that about 52.0% of current Trane Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 40.19 |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.