ALLE vs EQNR: Correlation
Allegion (ALLE) and Equinor ASA (EQNR) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and EQNR?
On 3 years of weekly data the ALLE/EQNR correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.18 over 3. The 5-year figure is -0.05, and annualized covariance runs at -148.1 %².
Within ALLE's tracked universe of 33 assets, EQNR comes in at #24 by 3-year correlation. The last year tells two different stories: EQNR led by 83.6 percentage points, -6.4% for ALLE against +77.2% for EQNR.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALLE vs EQNR: side by side
| ALLE (Allegion) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | -6.4% | +77.2% |
| 5-year return | +19.4% | +180.6% |
| Volatility (ann.) | 24.3% | 33.2% |
| Beta vs S&P 500 | 0.60 | -0.25 |
| Max drawdown (3Y) | -29.8% | -27.6% |
| Market cap | $13.6B | $98.6B |
| P/E (trailing) | 21.0 | 11.2 |
| Dividend yield | 1.32% | 3.73% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | EQNR |
|---|---|---|
| 2022 | -19.3% | +42.8% |
| 2023 | +22.3% | -0.8% |
| 2024 | +4.7% | -16.0% |
| 2025 | +22.8% | +6.1% |
| 2026 | +1.1% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and EQNR good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALLE and EQNR?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.26 over the last year and -0.05 over 5 years.
Is EQNR a good diversifier for ALLE?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alle-vs-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alle-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLE correlations · EQNR correlations
