CARRIER's market value is the price at which a share of CARRIER trades on an exchange. It measures the collective expectations of CARRIER GLOBAL P investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of CARRIER GLOBAL P and determine expected loss or profit from investing in CARRIER over a given investment horizon. Check out CARRIER Correlation, CARRIER Volatility and CARRIER Alpha and Beta module to complement your research on CARRIER.
Please note, there is a significant difference between CARRIER's value and its price as these two are different measures arrived at by different means. Investors typically determine if CARRIER is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CARRIER'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.
CARRIER '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 CARRIER'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 CARRIER.
0.00
07/09/2024
No Change 0.00
0.0
In 5 months and 30 days
01/05/2025
0.00
If you would invest 0.00 in CARRIER on July 9, 2024 and sell it all today you would earn a total of 0.00 from holding CARRIER GLOBAL P or generate 0.0% return on investment in CARRIER over 180 days. CARRIER is related to or competes with Plexus Corp, Eltek, Amkor Technology, Garmin, Paysafe, Flex, and Analog Devices. More
CARRIER 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 CARRIER'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 CARRIER GLOBAL P 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 CARRIER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CARRIER's standard deviation. In reality, there are many statistical measures that can use CARRIER historical prices to predict the future CARRIER's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CARRIER. Your research has to be compared to or analyzed against CARRIER's peers to derive any actionable benefits. When done correctly, CARRIER's 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 CARRIER GLOBAL P.
CARRIER GLOBAL P Backtested Returns
CARRIER GLOBAL P secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the bond had a -0.18% return per unit of risk over the last 3 months. CARRIER GLOBAL P exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CARRIER's Mean Deviation of 0.6223, variance of 1.98, and Coefficient Of Variation of (543.99) to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CARRIER are expected to decrease at a much lower rate. During the bear market, CARRIER is likely to outperform the market.
Auto-correlation
-0.41
Modest reverse predictability
CARRIER GLOBAL P has modest reverse predictability. Overlapping area represents the amount of predictability between CARRIER time series from 9th of July 2024 to 7th of October 2024 and 7th of October 2024 to 5th 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 CARRIER GLOBAL P price movement. The serial correlation of -0.41 indicates that just about 41.0% of current CARRIER price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.41
Spearman Rank Test
-0.49
Residual Average
0.0
Price Variance
3.33
CARRIER GLOBAL P lagged returns against current returns
Autocorrelation, which is CARRIER 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 CARRIER's bond expected returns. We can calculate the autocorrelation of CARRIER returns to help us make a trade decision. For example, suppose you find that CARRIER 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
CARRIER 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 CARRIER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CARRIER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CARRIER bond over time.
Current vs Lagged Prices
Timeline
CARRIER Lagged Returns
When evaluating CARRIER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CARRIER bond have on its future price. CARRIER 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, CARRIER autocorrelation shows the relationship between CARRIER bond current value and its past values and can show if there is a momentum factor associated with investing in CARRIER GLOBAL P.
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.
CARRIER financial ratios help investors to determine whether CARRIER 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 CARRIER with respect to the benefits of owning CARRIER security.