Ingersoll Rand Backtesting

Ingersoll Rand Plc -- USA Stock  

USD 84.49  1.87  2.17%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Ingersoll Rand Plc and determine expected loss or profit from investing in Ingersoll Rand over given investment horizon. Please also check Ingersoll Rand Hype Analysis, Ingersoll Rand Correlation, Ingersoll Rand Valuation, Ingersoll Rand Volatility as well as analyze Ingersoll Rand Alpha and Beta and Ingersoll Rand Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Ingersoll Rand 'What if' Analysis

February 19, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 20, 2018
0.00
If you would invest  0.00  in Ingersoll Rand on February 19, 2018 and sell it all today you would earn a total of 0.00 from holding Ingersoll Rand Plc or generate 0.0% return on investment in Ingersoll Rand over 60 days. Ingersoll Rand is related to or competes with Crane, Hyster Yale, Parker Hannifin, Deswell Industries, A O, and DONALDSON CO. Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products

Ingersoll Rand Upside/Downside Indicators

Information Ratio0.098035
Maximum Drawdown5.88
Value At Risk3.12
Potential Upside2.15
  

Ingersoll Rand Market Premium Indicators

Risk Adjusted Performance0.21
Jensen Alpha0.19
Total Risk Alpha0.15
Treynor Ratio4.58

Ingersoll Rand Plc Backtested Returns

Macroaxis considers Ingersoll Rand to be not too risky. Ingersoll Rand Plc holds Efficiency (Sharpe) Ratio of -0.0901 which attests that Ingersoll Rand Plc had -0.0901% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Ingersoll Rand Plc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Ingersoll Rand Market Risk Adjusted Performance of 4.59 and Risk Adjusted Performance of 0.21 to validate risk estimate we provide. Macroaxis gives Ingersoll Rand performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.042 which attests that as returns on market increase, returns on owning Ingersoll Rand are expected to decrease at a much smaller rate. During bear market, Ingersoll Rand is likely to outperform the market.. Even though it is essential to pay attention to Ingersoll Rand Plc current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Ingersoll Rand Plc exposes twenty-one different technical indicators which can help you to evaluate its performance. Ingersoll Rand Plc has expected return of -0.1366%. Please be advised to check out Ingersoll Rand Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Ingersoll Rand Plc past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.39 

Below average predictability

Ingersoll Rand Plc has below average predictability. Overlapping area represents the amount of predictability between Ingersoll Rand time series from February 19, 2018 to March 21, 2018 and March 21, 2018 to April 20, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ingersoll Rand Plc price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Ingersoll Rand price fluctuation can be explain by its past prices.
Correlation Coefficient 0.39
Spearman Rank Test 0.13
Price Variance 1.84
Lagged Price Variance 2.05

Ingersoll Rand Plc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Ingersoll Rand regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Ingersoll Rand Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - IR

Ingersoll Rand Plc Investor Sentiment
Larger part of Macroaxis users are currently bullish on Ingersoll Rand Plc. What is your judgment towards investing in Ingersoll Rand Plc? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please also check Ingersoll Rand Hype Analysis, Ingersoll Rand Correlation, Ingersoll Rand Valuation, Ingersoll Rand Volatility as well as analyze Ingersoll Rand Alpha and Beta and Ingersoll Rand Performance. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.