Allegion Return On Tangible Assets from 2010 to 2024
ALLE Stock | USD 122.88 0.62 0.51% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter 0.23540687 | Current Value 0.15 | Quarterly Volatility 0.06931522 |
Check Allegion PLC financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allegion main balance sheet or income statement drivers, such as Depreciation And Amortization of 81.8 M, Interest Expense of 56.7 M or Selling General Administrative of 908.9 M, as well as many exotic indicators such as Price To Sales Ratio of 2.39, Dividend Yield of 0.0078 or PTB Ratio of 8.02. Allegion financial statements analysis is a perfect complement when working with Allegion PLC Valuation or Volatility modules.
Allegion | Return On Tangible Assets |
Latest Allegion PLC's Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of Allegion PLC over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Allegion PLC's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allegion PLC's overall financial position and show how it may be relating to other accounts over time.
Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
Timeline |
Allegion Return On Tangible Assets Regression Statistics
Arithmetic Mean | 0.19 | |
Geometric Mean | 0.17 | |
Coefficient Of Variation | 36.40 | |
Mean Deviation | 0.05 | |
Median | 0.18 | |
Standard Deviation | 0.07 | |
Sample Variance | 0 | |
Range | 0.2918 | |
R-Value | 0.42 | |
Mean Square Error | 0 | |
R-Squared | 0.18 | |
Significance | 0.12 | |
Slope | 0.01 | |
Total Sum of Squares | 0.07 |
Allegion Return On Tangible Assets History
About Allegion PLC Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Allegion PLC income statement, its balance sheet, and the statement of cash flows. Allegion PLC investors use historical funamental indicators, such as Allegion PLC's Return On Tangible Assets, to determine how well the company is positioned to perform in the future. Although Allegion PLC investors may use each financial statement separately, they are all related. The changes in Allegion PLC's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allegion PLC's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Allegion PLC Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Allegion PLC. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.24 | 0.15 |
Pair Trading with Allegion PLC
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 Allegion PLC 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 Allegion PLC will appreciate offsetting losses from the drop in the long position's value.Moving against Allegion Stock
0.45 | SNT | Senstar Technologies | PairCorr |
The ability to find closely correlated positions to Allegion PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegion PLC 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 Allegion PLC - 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 Allegion PLC to buy it.
The correlation of Allegion PLC is a statistical measure of how it moves in relation to other instruments. 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 Allegion PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegion PLC 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 Allegion PLC 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.Check out the analysis of Allegion PLC Correlation against competitors. For information on how to trade Allegion Stock refer to our How to Trade Allegion Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Allegion Stock analysis
When running Allegion PLC's price analysis, check to measure Allegion PLC'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 Allegion PLC is operating at the current time. Most of Allegion PLC's value examination focuses on studying past and present price action to predict the probability of Allegion PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegion PLC's price. Additionally, you may evaluate how the addition of Allegion PLC to your portfolios can decrease your overall portfolio volatility.
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Is Allegion PLC'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 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 0.007 | Dividend Share 1.83 | Earnings Share 6.13 | Revenue Per Share 41.249 | Quarterly Revenue Growth (0.03) |
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.