Trane Technologies Plc Stock Alpha and Beta Analysis
| TT Stock | USD 333.53 2.05 0.61% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Trane Technologies plc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Trane Technologies over a specified time horizon. Remember, high Trane Technologies' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Trane Technologies' market risk premium analysis include:
Beta 0.6 | Alpha 0.25 | Risk 1.23 | Sharpe Ratio 0.22 | Expected Return 0.27 |
Trane Technologies Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Trane |
Trane Technologies Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Trane Technologies market risk premium is the additional return an investor will receive from holding Trane Technologies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Trane Technologies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Trane Technologies' performance over market.| α | 0.25 | β | 0.60 |
Trane Technologies expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Trane Technologies' Buy-and-hold return. Our buy-and-hold chart shows how Trane Technologies performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Trane Technologies Market Price Analysis
Market price analysis indicators help investors to evaluate how Trane Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trane Technologies shares will generate the highest return on investment. By understating and applying Trane Technologies stock market price indicators, traders can identify Trane Technologies position entry and exit signals to maximize returns.
Trane Technologies Return and Market Media
The median price of Trane Technologies for the period between Thu, Feb 22, 2024 and Wed, May 22, 2024 is 297.51 with a coefficient of variation of 5.58. The daily time series for the period is distributed with a sample standard deviation of 16.82, arithmetic mean of 301.34, and mean deviation of 13.44. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Ingersoll Rand Declares Regular Quarterly Cash Dividend, Announces Increased Share Repurchase Authorization | 04/25/2024 |
2 | Trane Technologies Q1 Earnings Snapshot | 04/30/2024 |
3 | Heres What Key Metrics Tell Us About Ingersoll Q1 Earnings | 05/02/2024 |
4 | Ingersoll Rand Leads 19M Financing Round for Inkbit to Advance Multi-Functional Additive Manufacturing | 05/06/2024 |
5 | Trane Technologies Reports Strong First Quarter Results and Raises 2024 Revenue and EPS Guidance | 05/07/2024 |
6 | Trane Technologies Shares Heating Up on Big Money Buys | 05/08/2024 |
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8 | 1000 Invested In Ingersoll Rand 5 Years Ago Would Be Worth This Much Today | 05/13/2024 |
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About Trane Technologies Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Trane or other stocks. Alpha measures the amount that position in Trane Technologies plc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0116 | 0.0159 | 0.0123 | 0.0242 | Price To Sales Ratio | 3.41 | 2.44 | 3.15 | 3.31 |
Trane Technologies Upcoming Company Events
As portrayed in its financial statements, the presentation of Trane Technologies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Trane Technologies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Trane Technologies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Trane Technologies. Please utilize our Beneish M Score to check the likelihood of Trane Technologies' management manipulating its earnings.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 1st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Trane Technologies
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Trane Technologies Backtesting, Trane Technologies Valuation, Trane Technologies Correlation, Trane Technologies Hype Analysis, Trane Technologies Volatility, Trane Technologies History and analyze Trane Technologies Performance. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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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| Fundamental Analysis View fundamental data based on most recent published financial statements |
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.