Trane Technologies Plc Stock Price on May 10, 2024
| TT Stock | USD 345.38 10.07 3.00% |
Below is the normalized historical share price chart for Trane Technologies plc extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Trane Technologies stands at 345.38, as last reported on the 20th of June, with the highest price reaching 345.46 and the lowest price hitting 333.92 during the day.
If you're considering investing in Trane Stock, it is important to understand the factors that can impact its price. Trane Technologies appears to be very steady, given 3 months investment horizon. Trane Technologies plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Trane Technologies plc, which you can use to evaluate the volatility of the company. Please review Trane Technologies' Coefficient Of Variation of 509.17, risk adjusted performance of 0.1279, and Semi Deviation of 0.9511 to confirm if our risk estimates are consistent with your expectations.
At this time, Trane Technologies' Common Stock Shares Outstanding is comparatively stable compared to the past year. Common Stock is likely to gain to about 297.5 M in 2024, despite the fact that Other Stockholder Equity is likely to grow to (1.6 B). . Price To Sales Ratio is likely to gain to 3.31 in 2024. Price Earnings Ratio is likely to gain to 28.93 in 2024. Trane Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of July 1985 | 200 Day MA 260.5302 | 50 Day MA 317.9692 | Beta 1.208 |
Trane |
Sharpe Ratio = 0.1723
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.39 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Trane Technologies is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Trane Technologies by adding it to a well-diversified portfolio.
Price Book 9.6397 | Enterprise Value Ebitda 22.5772 | Price Sales 3.8145 | Shares Float 225.6 M | Dividend Share 3.09 |
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Trane Technologies Valuation on May 10, 2024
It is possible to determine the worth of Trane Technologies on a given historical date. On May 10, 2024 Trane was worth 333.39 at the beginning of the trading date compared to the closed value of 331.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Trane Technologies stock. Still, in general, we apply an absolute valuation method to find Trane Technologies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Trane Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Trane Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 326.75 | 332.54 | 326.41 | 332.04 | 807,644 | |
05/10/2024 | 333.39 | 334.39 | 330.27 | 331.10 | 744,929 |
| 331.81 | 332.94 | 325.66 | 325.78 | 785,758 |
| Backtest Trane Technologies | | | Trane Technologies History | | | Trane Technologies Valuation | Previous | Next |
Trane Technologies Trading Date Momentum on May 10, 2024
| On May 13 2024 Trane Technologies plc was traded for 325.78 at the closing time. The highest price during the trading period was 332.94 and the lowest recorded bid was listed for 325.66 . The volume for the day was 785.8 K. This history from May 13, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.61% . The trading price change to the current price is 0.82% . |
Trane Technologies plc Fundamentals Correlations and Trends
By evaluating Trane Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Trane Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Trane financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Trane Technologies Stock history
Trane Technologies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Trane is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Trane Technologies plc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Trane Technologies stock prices may prove useful in developing a viable investing in Trane Technologies
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 230.7 M | 244.9 M | |
| Net Income Applicable To Common Shares | 2 B | 1.4 B |
Trane Technologies Quarterly Net Working Capital |
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Trane Technologies Stock Technical Analysis
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.
Price Boundaries
Trane Technologies Period Price Range
Low | May 10, 2024
| High |
333.39 | 331.10 |
Trane Technologies June 20, 2024 Market Strength
Market strength 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 undertsting and applying Trane Technologies stock market strength indicators, traders can identify Trane Technologies plc entry and exit signals to maximize returns
| Accumulation Distribution | 9178.23 | |||
| Daily Balance Of Power | (0.56) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 332.33 | |||
| Day Typical Price | 331.92 | |||
| Price Action Indicator | (2.37) | |||
| Period Momentum Indicator | 14.28 | |||
| Relative Strength Index | 63.51 |
Trane Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Trane Technologies' price direction in advance. Along with the technical and fundamental analysis of Trane Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Trane to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1279 | |||
| Jensen Alpha | 0.2594 | |||
| Total Risk Alpha | 0.2566 | |||
| Sortino Ratio | 0.2117 | |||
| Treynor Ratio | 0.3057 |
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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.