Trane Technologies Risk Assessment Hits 8.40 as US Dollar Index Remains Neutral

Trane Technologies PLC, listed under the ticker TT, has a current risk assessment score of 8.40 in its industry, ranking it 31 out of 181. This neutral state is due to the U.S. Dollar Index, which measures the value of the U.S. dollar against a basket of major currencies, currently being in a neutral position.

The Dollar Index (DXY) has a neutral effect on the Machinery, Tools, Heavy Vehicles, Trains & Ships domestic-focused industry. The company's beta value is 1.22, indicating that TT tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.