Trane Return On Capital Employed from 2010 to 2024
| TT Stock | USD 324.72 7.57 2.28% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter 0.21696755 | Current Value 0.13 | Quarterly Volatility 0.03987242 |
Check Trane Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Trane main balance sheet or income statement drivers, such as Depreciation And Amortization of 272.6 M, Total Revenue of 10.6 B or Gross Profit of 3.1 B, as well as many exotic indicators such as Price To Sales Ratio of 3.31, Dividend Yield of 0.0242 or PTB Ratio of 8.37. Trane financial statements analysis is a perfect complement when working with Trane Technologies Valuation or Volatility modules.
Trane | Return On Capital Employed |
Latest Trane Technologies' Return On Capital Employed Growth Pattern
Below is the plot of the Return On Capital Employed of Trane Technologies plc over the last few years. It is Trane Technologies' Return On Capital Employed historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Trane Technologies' overall financial position and show how it may be relating to other accounts over time.
| Return On Capital Employed | 10 Years Trend |
|
Return On Capital Employed |
| Timeline |
Trane Return On Capital Employed Regression Statistics
| Arithmetic Mean | 0.13 | |
| Geometric Mean | 0.12 | |
| Coefficient Of Variation | 31.57 | |
| Mean Deviation | 0.03 | |
| Median | 0.12 | |
| Standard Deviation | 0.04 | |
| Sample Variance | 0 | |
| Range | 0.1582 | |
| R-Value | 0.72 | |
| Mean Square Error | 0.0008 | |
| R-Squared | 0.51 | |
| Significance | 0 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.02 |
Trane Return On Capital Employed History
About Trane Technologies Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Trane Technologies income statement, its balance sheet, and the statement of cash flows. Trane Technologies investors use historical funamental indicators, such as Trane Technologies's Return On Capital Employed, to determine how well the company is positioned to perform in the future. Although Trane Technologies investors may use each financial statement separately, they are all related. The changes in Trane Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Trane Technologies's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Trane Technologies Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Trane Technologies. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.22 | 0.13 |
Pair Trading with Trane Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trane Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trane Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Trane Stock
| 0.9 | OC | Owens Corning | PairCorr |
| 0.93 | DOOR | Masonite International | PairCorr |
| 0.65 | VKSC | Viskase Companies | PairCorr |
Moving against Trane Stock
| 0.71 | JBI | Janus International | PairCorr |
| 0.53 | FBIN | Fortune Brands Innov | PairCorr |
| 0.45 | ROCK | Gibraltar Industries | PairCorr |
| 0.44 | MAS | Masco | PairCorr |
| 0.44 | ILAG | Intelligent Living | PairCorr |
The ability to find closely correlated positions to Trane Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trane Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trane Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trane Technologies plc to buy it.
The correlation of Trane Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trane Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trane Technologies plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Trane Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Trane Technologies Correlation against competitors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary 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.
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Is Trane Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trane Technologies. If investors know Trane will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trane Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.43 | Dividend Share 3.09 | Earnings Share 9.47 | Revenue Per Share 79.9 | Quarterly Revenue Growth 0.15 |
The market value of Trane Technologies plc is measured differently than its book value, which is the value of Trane that is recorded on the company's balance sheet. Investors also form their own opinion of Trane Technologies' value that differs from its market value or its book value, called intrinsic value, which is Trane Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trane Technologies' market value can be influenced by many factors that don't directly affect Trane Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Trane Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Trane Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trane Technologies' 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.