Allegion Plc Stock Market Value
| ALLE Stock | USD 141.41 1.02 0.73% |
| Symbol | Allegion |
Allegion PLC Price To Book Ratio
Is Building Products space 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 Allegion PLC. If investors know Allegion 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 Allegion PLC 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 0.124 | Dividend Share 1.89 | Earnings Share 6.5 | Revenue Per Share 42.584 | Quarterly Revenue Growth 0.054 |
The market value of Allegion PLC is measured differently than its book value, which is the value of Allegion that is recorded on the company's balance sheet. Investors also form their own opinion of Allegion PLC's value that differs from its market value or its book value, called intrinsic value, which is Allegion PLC'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 Allegion PLC's market value can be influenced by many factors that don't directly affect Allegion PLC'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 Allegion PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegion PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegion PLC'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.
Allegion PLC '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 Allegion PLC'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 Allegion PLC.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Allegion PLC on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Allegion PLC or generate 0.0% return on investment in Allegion PLC over 720 days. Allegion PLC is related to or competes with MSA Safety, Resideo Technologies, NL Industries, Brady, Brinks, and CompX International. Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide More
Allegion PLC 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 Allegion PLC'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 Allegion PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.47 |
Allegion PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegion PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allegion PLC's standard deviation. In reality, there are many statistical measures that can use Allegion PLC historical prices to predict the future Allegion PLC's volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0541 |
Allegion PLC Backtested Returns
At this point, Allegion PLC is very steady. Allegion PLC secures Sharpe Ratio (or Efficiency) of 0.0379, which signifies that the company had a 0.0379% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Allegion PLC, which you can use to evaluate the volatility of the firm. Please confirm Allegion PLC's Risk Adjusted Performance of 0.0318, downside deviation of 1.23, and Mean Deviation of 0.7937 to double-check if the risk estimate we provide is consistent with the expected return of 0.0399%. Allegion PLC has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allegion PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allegion PLC is expected to be smaller as well. Allegion PLC right now shows a risk of 1.05%. Please confirm Allegion PLC jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Allegion PLC will be following its price patterns.
Auto-correlation | -0.54 |
Good reverse predictability
Allegion PLC has good reverse predictability. Overlapping area represents the amount of predictability between Allegion PLC time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Allegion PLC price movement. The serial correlation of -0.54 indicates that about 54.0% of current Allegion PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 104.13 |
Allegion PLC lagged returns against current returns
Autocorrelation, which is Allegion PLC 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 Allegion PLC's stock expected returns. We can calculate the autocorrelation of Allegion PLC returns to help us make a trade decision. For example, suppose you find that Allegion PLC 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 |
Allegion PLC 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 Allegion PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allegion PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allegion PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Allegion PLC Lagged Returns
When evaluating Allegion PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allegion PLC stock have on its future price. Allegion PLC 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, Allegion PLC autocorrelation shows the relationship between Allegion PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Allegion PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Allegion PLC is a strong investment it is important to analyze Allegion PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allegion PLC's future performance. For an informed investment choice regarding Allegion Stock, refer to the following important reports:Check out Allegion PLC Correlation, Allegion PLC Volatility and Allegion PLC Alpha and Beta module to complement your research on Allegion PLC. For information on how to trade Allegion Stock refer to our How to Trade Allegion Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Allegion PLC 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.