Trane Net Income Per Share from 2010 to 2024
| TT Stock | USD 328.93 4.72 1.41% |
Net Income Per Share | First Reported 2010-12-31 | Previous Quarter 8.85345582 | Current Value 9.3 | Quarterly Volatility 2.65761714 |
Check Trane Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Trane Technologies' 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 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 | Net Income Per Share |
Latest Trane Technologies' Net Income Per Share Growth Pattern
Below is the plot of the Net Income Per Share of Trane Technologies plc over the last few years. It is Trane Technologies' Net Income Per Share 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.
| Net Income Per Share | 10 Years Trend |
|
Net Income Per Share |
| Timeline |
Trane Net Income Per Share Regression Statistics
| Arithmetic Mean | 4.71 | |
| Geometric Mean | 3.63 | |
| Coefficient Of Variation | 56.42 | |
| Mean Deviation | 2.17 | |
| Median | 5.22 | |
| Standard Deviation | 2.66 | |
| Sample Variance | 7.06 | |
| Range | 9.045 | |
| R-Value | 0.91 | |
| Mean Square Error | 1.29 | |
| R-Squared | 0.83 | |
| Slope | 0.54 | |
| Total Sum of Squares | 98.88 |
Trane Net Income Per Share History
About Trane Technologies Financial Statements
Trane Technologies shareholders use historical fundamental indicators, such as Net Income Per Share, to determine how well the company is positioned to perform in the future. Although Trane Technologies investors may analyze each financial statement separately, they are all interrelated. The changes in Trane Technologies' assets and liabilities, for example, are also reflected in the revenues and expenses on on Trane Technologies' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income Per Share | 8.85 | 9.30 |
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
Moving against Trane Stock
| 0.76 | APT | Alpha Pro Tech | PairCorr |
| 0.73 | JBI | Janus International | PairCorr |
| 0.7 | NX | Quanex Building Products Fiscal Year End 12th of December 2024 | PairCorr |
| 0.68 | FBIN | Fortune Brands Innov | PairCorr |
| 0.65 | MAS | Masco | 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.Additional 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.