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Trane Technologies has the Momentum Rank of 6.
For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.
Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.
For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.
Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.
For the Building Products & Equipment subindustry, Trane Technologies's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Construction industry and Industrials sector, Trane Technologies's Momentum Rank distribution charts can be found below:
* The bar in red indicates where Trane Technologies's Momentum Rank falls into.
Thank you for viewing the detailed overview of Trane Technologies's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Raymond D Pittard | officer: Executive Vice President | 800-E BEATY STREET, DAVIDSON NC 28036 |
David S Regnery | director, officer: Chair and CEO | C/O INTERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036 |
Evan M Turtz | officer: Senior Vice President | C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036 |
Paul A Camuti | officer: Senior Vice President | 800-E BEATY STREET, DAVIDSON NC 28036 |
Christopher J Kuehn | officer: Vice President & Controller | 800-E BEATY STREET, DAVIDSON NC 28036 |
Mairead Magner | officer: Senior Vice President | 800-E BEATY STREET, DAVIDSON NC 28036 |
Keith A Sultana | officer: Senior Vice President | C/O INGERSOLL RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036 |
Mark Majocha | officer: VP & Chief Accounting Officer | C/O TRANE TECHNOLOGIES COMPANY LLC, 800-E BEATY STREET, DAVIDSON NC 28036 |
De Jesus Assis Ana Paula | director | C/O TRANE TECHNOLOGIES COMPANY LLC, 800-E BEATY STREET, DAVIDSON NC 28036 |
Linda P Hudson | director | |
John A Hayes | director | C/O BALL CORP, 10 LONGS PEAK DR, BROOMFIELD CO 80021-2510 |
Melissa N. Schaeffer | director | 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106 |
Mark R George | director | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Marcia J Avedon | officer: Senior Vice President | C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036 |
Michael W Lamach | director, officer: President and CEO | C/O INGERSOLL-RAND CO, 800-E BEATY STREET, DAVIDSON NC 28036 |
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