Allegion Plc Stock Market Value

ALLE Stock  USD 134.24  0.90  0.67%   
Allegion PLC's market value is the price at which a share of Allegion PLC trades on a public exchange. It measures the collective expectations of Allegion PLC investors about its performance. Allegion PLC is trading at 134.24 as of the 28th of March 2024, a 0.67 percent up since the beginning of the trading day. The stock's lowest day price was 133.46.
With this module, you can estimate the performance of a buy and hold strategy of Allegion PLC and determine expected loss or profit from investing in Allegion PLC over a given investment horizon. 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.
Symbol

Allegion PLC Price To Book Ratio

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
(0.13)
Dividend Share
1.8
Earnings Share
6.12
Revenue Per Share
41.534
Quarterly Revenue Growth
0.042
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.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Allegion PLC on February 27, 2024 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 30 days. Allegion PLC is related to or competes with ADT, Resideo Technologies, Iveda Solutions, SU Group, BIO Key, and Quanex Building. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allegion PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
132.81134.11135.41
Details
Intrinsic
Valuation
LowRealHigh
116.24117.54147.66
Details
Naive
Forecast
LowNextHigh
134.01135.30136.60
Details
14 Analysts
Consensus
LowTargetHigh
112.54123.67137.27
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allegion PLC. Your research has to be compared to or analyzed against Allegion PLC's peers to derive any actionable benefits. When done correctly, Allegion PLC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Allegion PLC.

Allegion PLC Backtested Returns

We consider Allegion PLC very steady. Allegion PLC secures Sharpe Ratio (or Efficiency) of 0.0836, which signifies that the company had a 0.0836% 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 Mean Deviation of 1.05, risk adjusted performance of 0.0682, and Downside Deviation of 1.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Allegion PLC has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.5, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Allegion PLC will likely underperform. Allegion PLC right now shows a risk of 1.31%. 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

    
  0.37  

Below average predictability

Allegion PLC has below average predictability. Overlapping area represents the amount of predictability between Allegion PLC time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 0.37 indicates that just about 37.0% of current Allegion PLC price fluctuation can be explain by its past prices.
Correlation Coefficient0.37
Spearman Rank Test0.45
Residual Average0.0
Price Variance2.91

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  

Allegion PLC Investors Sentiment

The influence of Allegion PLC's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Allegion. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Allegion PLC's public news can be used to forecast risks associated with an investment in Allegion. The trend in average sentiment can be used to explain how an investor holding Allegion can time the market purely based on public headlines and social activities around Allegion PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allegion PLC's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allegion PLC's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Allegion PLC's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allegion PLC.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allegion PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allegion PLC's short interest history, or implied volatility extrapolated from Allegion PLC options trading.

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 together with Allegion Stock

  0.76REZI Resideo Technologies Financial Report 1st of May 2024 PairCorr

Moving against Allegion Stock

  0.71GP GreenPower Motor Financial Report 12th of July 2024 PairCorr
  0.54BA Boeing Fiscal Quarter End 31st of March 2024 PairCorr
  0.52BE Bloom Energy Corp Financial Report 14th of May 2024 PairCorr
  0.48AZ A2Z Smart TechnologiesPairCorr
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.
Pair CorrelationCorrelation Matching
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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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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.
A focus of Allegion PLC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allegion PLC trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...