Trane Technologies' market value is the price at which a share of Trane Technologies trades on a public exchange. It measures the collective expectations of Trane Technologies plc investors about its performance. Trane Technologies is trading at 1177.36 as of the 19th of January 2025, a 2.05 percent increase since the beginning of the trading day. The stock's open price was 1153.71. With this module, you can estimate the performance of a buy and hold strategy of Trane Technologies plc and determine expected loss or profit from investing in Trane Technologies over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
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.
0.00
10/21/2024
No Change 0.00
0.0
In 3 months and 1 day
01/19/2025
0.00
If you would invest 0.00 in Trane Technologies on October 21, 2024 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 90 days.
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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Trane Technologies. Your research has to be compared to or analyzed against Trane Technologies' peers to derive any actionable benefits. When done correctly, Trane Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Trane Technologies plc.
Trane Technologies plc Backtested Returns
Trane Technologies appears to be very steady, given 3 months investment horizon. Trane Technologies plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Trane Technologies plc, which you can use to evaluate the volatility of the company. Please review Trane Technologies' Coefficient Of Variation of 864.16, risk adjusted performance of 0.1041, and Semi Deviation of 0.5934 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trane Technologies holds a performance score of 9. The entity has a beta of 0.69, 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. Please check Trane Technologies' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Trane Technologies' existing price patterns will revert.
Auto-correlation
-0.34
Poor reverse predictability
Trane Technologies plc has poor reverse predictability. Overlapping area represents the amount of predictability between Trane Technologies time series from 21st of October 2024 to 5th of December 2024 and 5th of December 2024 to 19th 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 Trane Technologies plc price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Trane Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.34
Spearman Rank Test
-0.7
Residual Average
0.0
Price Variance
921.51
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
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