Ingersoll Rand Stock Market Value
| IR Stock | USD 88.97 0.60 0.67% |
| Symbol | Ingersoll |
Ingersoll Rand Price To Book Ratio
Is Ingersoll Rand's 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 Ingersoll Rand. If investors know Ingersoll 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 Ingersoll Rand 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 0.046 | Dividend Share 0.08 | Earnings Share 1.9 | Revenue Per Share 16.986 | Quarterly Revenue Growth 0.122 |
The market value of Ingersoll Rand is measured differently than its book value, which is the value of Ingersoll that is recorded on the company's balance sheet. Investors also form their own opinion of Ingersoll Rand's value that differs from its market value or its book value, called intrinsic value, which is Ingersoll Rand's 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 Ingersoll Rand's market value can be influenced by many factors that don't directly affect Ingersoll Rand's 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 Ingersoll Rand's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ingersoll Rand is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ingersoll Rand'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.
Ingersoll Rand '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 Ingersoll Rand's stock 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 Ingersoll Rand.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Ingersoll Rand on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Ingersoll Rand or generate 0.0% return on investment in Ingersoll Rand over 30 days. Ingersoll Rand is related to or competes with Emerson Electric, Smith AO, Eaton PLC, and Cummins. Ingersoll Rand Inc. provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in ... More
Ingersoll Rand 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 Ingersoll Rand's stock 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 Ingersoll Rand upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9703 | |||
| Information Ratio | 0.1183 | |||
| Maximum Drawdown | 5.72 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 2.32 |
Ingersoll Rand Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ingersoll Rand's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ingersoll Rand's standard deviation. In reality, there are many statistical measures that can use Ingersoll Rand historical prices to predict the future Ingersoll Rand's volatility.| Risk Adjusted Performance | 0.1139 | |||
| Jensen Alpha | 0.1247 | |||
| Total Risk Alpha | 0.0862 | |||
| Sortino Ratio | 0.1434 | |||
| Treynor Ratio | 0.1587 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ingersoll Rand's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ingersoll Rand Backtested Returns
We consider Ingersoll Rand very steady. Ingersoll Rand holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ingersoll Rand, which you can use to evaluate the volatility of the firm. Please check out Ingersoll Rand's Market Risk Adjusted Performance of 0.1687, downside deviation of 0.9703, and Risk Adjusted Performance of 0.1139 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Ingersoll Rand has a performance score of 12 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.25, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ingersoll Rand will likely underperform. Ingersoll Rand right now retains a risk of 1.19%. Please check out Ingersoll Rand potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Ingersoll Rand will be following its current trending patterns.
Auto-correlation | 0.84 |
Very good predictability
Ingersoll Rand has very good predictability. Overlapping area represents the amount of predictability between Ingersoll Rand time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. 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 price movement. The serial correlation of 0.84 indicates that around 84.0% of current Ingersoll Rand price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 3.03 |
Ingersoll Rand lagged returns against current returns
Autocorrelation, which is Ingersoll Rand stock'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 Ingersoll Rand's stock expected returns. We can calculate the autocorrelation of Ingersoll Rand returns to help us make a trade decision. For example, suppose you find that Ingersoll Rand has exhibited high autocorrelation historically, and you observe that the stock 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 |
Ingersoll Rand 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 Ingersoll Rand stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ingersoll Rand stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ingersoll Rand stock over time.
Current vs Lagged Prices |
| Timeline |
Ingersoll Rand Lagged Returns
When evaluating Ingersoll Rand's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ingersoll Rand stock have on its future price. Ingersoll Rand 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, Ingersoll Rand autocorrelation shows the relationship between Ingersoll Rand stock current value and its past values and can show if there is a momentum factor associated with investing in Ingersoll Rand.
Regressed Prices |
| Timeline |
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Complementary Tools for Ingersoll Stock analysis
When running Ingersoll Rand's price analysis, check to measure Ingersoll Rand's 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 Ingersoll Rand is operating at the current time. Most of Ingersoll Rand's value examination focuses on studying past and present price action to predict the probability of Ingersoll Rand's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ingersoll Rand's price. Additionally, you may evaluate how the addition of Ingersoll Rand to your portfolios can decrease your overall portfolio volatility.
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Ingersoll Rand 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.