Carrier Globalcorp Stock Market Value
| CARR Stock | USD 54.77 0.37 0.67% |
| Symbol | Carrier |
Carrier GlobalCorp Price To Book Ratio
Is Carrier GlobalCorp'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 Carrier GlobalCorp. If investors know Carrier 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 Carrier GlobalCorp 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 0.582 | Dividend Share 0.745 | Earnings Share 1.58 | Revenue Per Share 26.392 | Quarterly Revenue Growth (0) |
The market value of Carrier GlobalCorp is measured differently than its book value, which is the value of Carrier that is recorded on the company's balance sheet. Investors also form their own opinion of Carrier GlobalCorp's value that differs from its market value or its book value, called intrinsic value, which is Carrier GlobalCorp'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 Carrier GlobalCorp's market value can be influenced by many factors that don't directly affect Carrier GlobalCorp'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 Carrier GlobalCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carrier GlobalCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrier GlobalCorp'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.
Carrier GlobalCorp '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 Carrier GlobalCorp'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 Carrier GlobalCorp.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Carrier GlobalCorp on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Carrier GlobalCorp or generate 0.0% return on investment in Carrier GlobalCorp over 30 days. Carrier GlobalCorp is related to or competes with Johnson Controls, Masco, Carlisle Companies, Fortune Brands, Trane Technologies, Masonite International, and Janus International. Carrier Global Corporation provides heating, ventilating, and air conditioning , refrigeration, fire, security, and buil... More
Carrier GlobalCorp 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 Carrier GlobalCorp'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 Carrier GlobalCorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.45 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 2.44 |
Carrier GlobalCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carrier GlobalCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carrier GlobalCorp's standard deviation. In reality, there are many statistical measures that can use Carrier GlobalCorp historical prices to predict the future Carrier GlobalCorp's volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Carrier GlobalCorp'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.
Carrier GlobalCorp Backtested Returns
Carrier GlobalCorp secures Sharpe Ratio (or Efficiency) of -0.0045, which signifies that the company had a -0.0045% return per unit of risk over the last 3 months. Carrier GlobalCorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carrier GlobalCorp's Mean Deviation of 1.36, standard deviation of 1.69, and Risk Adjusted Performance of 0.004 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.69, which signifies 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, Carrier GlobalCorp will likely underperform. Carrier GlobalCorp has an expected return of -0.0076%. Please make sure to confirm Carrier GlobalCorp total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Carrier GlobalCorp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Carrier GlobalCorp has good predictability. Overlapping area represents the amount of predictability between Carrier GlobalCorp time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Carrier GlobalCorp price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Carrier GlobalCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.56 |
Carrier GlobalCorp lagged returns against current returns
Autocorrelation, which is Carrier GlobalCorp 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 Carrier GlobalCorp's stock expected returns. We can calculate the autocorrelation of Carrier GlobalCorp returns to help us make a trade decision. For example, suppose you find that Carrier GlobalCorp 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 |
Carrier GlobalCorp 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 Carrier GlobalCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carrier GlobalCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carrier GlobalCorp stock over time.
Current vs Lagged Prices |
| Timeline |
Carrier GlobalCorp Lagged Returns
When evaluating Carrier GlobalCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carrier GlobalCorp stock have on its future price. Carrier GlobalCorp 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, Carrier GlobalCorp autocorrelation shows the relationship between Carrier GlobalCorp stock current value and its past values and can show if there is a momentum factor associated with investing in Carrier GlobalCorp.
Regressed Prices |
| Timeline |
Pair Trading with Carrier GlobalCorp
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 Carrier GlobalCorp 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 Carrier GlobalCorp will appreciate offsetting losses from the drop in the long position's value.Moving against Carrier Stock
| 0.51 | AEHL | Antelope Enterprise Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Carrier GlobalCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier GlobalCorp 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 Carrier GlobalCorp - 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 Carrier GlobalCorp to buy it.
The correlation of Carrier GlobalCorp 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 Carrier GlobalCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier GlobalCorp 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 Carrier GlobalCorp 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.Check out Carrier GlobalCorp Correlation, Carrier GlobalCorp Volatility and Carrier GlobalCorp Alpha and Beta module to complement your research on Carrier GlobalCorp. To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Carrier Stock analysis
When running Carrier GlobalCorp's price analysis, check to measure Carrier GlobalCorp'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 Carrier GlobalCorp is operating at the current time. Most of Carrier GlobalCorp's value examination focuses on studying past and present price action to predict the probability of Carrier GlobalCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier GlobalCorp's price. Additionally, you may evaluate how the addition of Carrier GlobalCorp to your portfolios can decrease your overall portfolio volatility.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |
Carrier GlobalCorp 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.