Carrier Stock Market Value

CARR
 Stock
  

USD 36.11  0.09  0.25%   

Carrier Global's market value is the price at which a share of Carrier Global stock trades on a public exchange. It measures the collective expectations of Carrier Global Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Carrier Global Corp and determine expected loss or profit from investing in Carrier Global over a given investment horizon. Continue to Carrier Global Correlation, Carrier Global Volatility and Carrier Global Alpha and Beta module to complement your research on Carrier Global.
Symbol


Is Carrier Global'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 Global. 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 Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Carrier Global Corp 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Carrier Global'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 Global's market value can be influenced by many factors that don't directly affect Carrier Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine Carrier Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrier Global'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 Global '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 Global'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 Global.
0.00
07/27/2022
No Change 0.00  0.0 
In 2 months and 1 day
09/25/2022
0.00
If you would invest  0.00  in Carrier Global on July 27, 2022 and sell it all today you would earn a total of 0.00 from holding Carrier Global Corp or generate 0.0% return on investment in Carrier Global over 60 days. Carrier Global is related to or competes with BUSHVELD MINERALS. Carrier Global Corporation provides heating, ventilating, and air conditioning , refrigeration, fire, security, and buil... More

Carrier Global 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 Global'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 Global Corp upside and downside potential and time the market with a certain degree of confidence.

Carrier Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Carrier Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carrier Global's standard deviation. In reality, there are many statistical measures that can use Carrier Global historical prices to predict the future Carrier Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Carrier Global'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. Please use the tools below to analyze the current value of Carrier Global in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
34.3436.1137.88
Details
Intrinsic
Valuation
LowReal ValueHigh
32.5042.1443.91
Details
18 Analysts
Consensus
LowTarget PriceHigh
45.0058.2970.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Carrier Global. Your research has to be compared to or analyzed against Carrier Global's peers to derive any actionable benefits. When done correctly, Carrier Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Carrier Global Corp.

Carrier Global Corp Backtested Returns

We consider Carrier Global very steady. Carrier Global Corp secures Sharpe Ratio (or Efficiency) of 0.0088, which signifies that the company had 0.0088% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Carrier Global Corp, which you can use to evaluate the future volatility of the firm. Please confirm Carrier Global Corp Risk Adjusted Performance of 0.0497, mean deviation of 1.29, and Downside Deviation of 1.88 to double-check if the risk estimate we provide is consistent with the expected return of 0.0156%.
The firm shows a Beta (market volatility) of 1.1427, which signifies a somewhat significant risk relative to the market. Let's try to break down what Carrier's beta means in this case. Carrier Global returns are very sensitive to returns on the market. As the market goes up or down, Carrier Global is expected to follow. Although it is important to respect Carrier Global Corp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Carrier Global Corp technical indicators, you can presently evaluate if the expected return of 0.0156% will be sustainable into the future. Carrier Global Corp right now shows a risk of 1.77%. Please confirm Carrier Global Corp maximum drawdown, as well as the relationship between the expected short fall and rate of daily change to decide if Carrier Global Corp will be following its price patterns.

Auto-correlation

    
  -0.01  

Very weak reverse predictability

Carrier Global Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Carrier Global time series from 27th of July 2022 to 26th of August 2022 and 26th of August 2022 to 25th of September 2022. 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 Global Corp price movement. The serial correlation of -0.01 indicates that just 1.0% of current Carrier Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.01
Spearman Rank Test-0.62
Residual Average0.0
Price Variance3.46

Carrier Global Corp lagged returns against current returns

Autocorrelation, which is Carrier Global 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 Global's stock expected returns. We can calculate the autocorrelation of Carrier Global returns to help us make a trade decision. For example, suppose you find that Carrier Global stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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Carrier Global 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 Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carrier Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carrier Global stock over time.
   Current vs Lagged Prices   
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       Timeline  

Carrier Global Lagged Returns

When evaluating Carrier Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carrier Global stock have on its future price. Carrier Global 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 Global autocorrelation shows the relationship between Carrier Global stock current value and its past values and can show if there is a momentum factor associated with investing in Carrier Global Corp.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Carrier Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Carrier Global

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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Carrier Global

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The ability to find closely correlated positions to Carrier Global 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 Global 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 Global - 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 Global Corp to buy it.
The correlation of Carrier Global is a statistical measure of how it moves in relation to other equities. 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier Global Corp 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 Global 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.
Pair CorrelationCorrelation Matching
Continue to Carrier Global Correlation, Carrier Global Volatility and Carrier Global Alpha and Beta module to complement your research on Carrier Global. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Carrier Global Corp price analysis, check to measure Carrier Global'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 Global is operating at the current time. Most of Carrier Global's value examination focuses on studying past and present price action to predict the probability of Carrier Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Carrier Global's price. Additionally, you may evaluate how the addition of Carrier Global to your portfolios can decrease your overall portfolio volatility.
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Carrier Global 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.
A focus of Carrier Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Carrier Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...