Carrier Global (Germany) Market Value
| 4PN Stock | EUR 64.05 0.22 0.34% |
| Symbol | Carrier |
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.
| 09/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Carrier Global on September 22, 2024 and sell it all today you would earn a total of 0.00 from holding Carrier Global or generate 0.0% return on investment in Carrier Global over 90 days. Carrier Global is related to or competes with Superior Plus, Origin Agritech, INTUITIVE SURGICAL, Intel, Reliance Steel, and Rolls Royce. 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.52 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.55 |
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.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.26) |
Carrier Global Backtested Returns
Carrier Global secures Sharpe Ratio (or Efficiency) of -0.0726, which signifies that the company had a -0.0726% return per unit of risk over the last 3 months. Carrier Global exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carrier Global's Standard Deviation of 2.0, mean deviation of 1.35, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Carrier Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Carrier Global is expected to be smaller as well. At this point, Carrier Global has a negative expected return of -0.15%. Please make sure to confirm Carrier Global's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Carrier Global performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Carrier Global has good predictability. Overlapping area represents the amount of predictability between Carrier Global time series from 22nd of September 2024 to 6th of November 2024 and 6th of November 2024 to 21st of December 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 Global price movement. The serial correlation of 0.68 indicates that around 68.0% of current Carrier Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 6.09 |
Carrier Global 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 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 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 |
| 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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Carrier Stock
Carrier Global financial ratios help investors to determine whether Carrier Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Carrier with respect to the benefits of owning Carrier Global security.