The Allstate Stock Market Value
| ALL Stock | USD 172.96 3.85 2.28% |
| Symbol | Allstate |
Allstate Price To Book Ratio
Is Allstate'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 Allstate. If investors know Allstate 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 Allstate 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 (0.68) | Dividend Share 3.56 | Earnings Share (1.20) | Revenue Per Share 217.501 | Quarterly Revenue Growth 0.087 |
The market value of Allstate is measured differently than its book value, which is the value of Allstate that is recorded on the company's balance sheet. Investors also form their own opinion of Allstate's value that differs from its market value or its book value, called intrinsic value, which is Allstate'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 Allstate's market value can be influenced by many factors that don't directly affect Allstate'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 Allstate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allstate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allstate'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.
Allstate '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 Allstate'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 Allstate.
| 04/26/2023 |
| 04/20/2024 |
If you would invest 0.00 in Allstate on April 26, 2023 and sell it all today you would earn a total of 0.00 from holding The Allstate or generate 0.0% return on investment in Allstate over 360 days. Allstate is related to or competes with Chubb, Travelers Companies, W R, Markel, Progressive Corp, Cincinnati Financial, and RLI Corp. The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products i... More
Allstate 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 Allstate'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 The Allstate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.0 | |||
| Information Ratio | 0.1039 | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 2.15 |
Allstate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allstate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allstate's standard deviation. In reality, there are many statistical measures that can use Allstate historical prices to predict the future Allstate's volatility.| Risk Adjusted Performance | 0.1134 | |||
| Jensen Alpha | 0.187 | |||
| Total Risk Alpha | 0.053 | |||
| Sortino Ratio | 0.1204 | |||
| Treynor Ratio | 1.68 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allstate'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.
Allstate Backtested Returns
We consider Allstate very steady. Allstate secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for The Allstate, which you can use to evaluate the volatility of the firm. Please confirm Allstate's Risk Adjusted Performance of 0.1134, semi deviation of 0.8348, and Mean Deviation of 0.8833 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Allstate has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allstate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allstate is expected to be smaller as well. Allstate right now shows a risk of 1.17%. Please confirm Allstate potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Allstate will be following its price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
The Allstate has virtually no predictability. Overlapping area represents the amount of predictability between Allstate time series from 26th of April 2023 to 23rd of October 2023 and 23rd of October 2023 to 20th of April 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 Allstate price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Allstate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 213.93 |
Allstate lagged returns against current returns
Autocorrelation, which is Allstate 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 Allstate's stock expected returns. We can calculate the autocorrelation of Allstate returns to help us make a trade decision. For example, suppose you find that Allstate 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 |
Allstate 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 Allstate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allstate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allstate stock over time.
Current vs Lagged Prices |
| Timeline |
Allstate Lagged Returns
When evaluating Allstate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allstate stock have on its future price. Allstate 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, Allstate autocorrelation shows the relationship between Allstate stock current value and its past values and can show if there is a momentum factor associated with investing in The Allstate.
Regressed Prices |
| Timeline |
Pair Trading with Allstate
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 Allstate 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 Allstate will appreciate offsetting losses from the drop in the long position's value.Moving together with Allstate Stock
| 0.67 | L | Loews Corp | PairCorr |
| 0.85 | FRFHF | Fairfax Financial | PairCorr |
| 0.76 | AFG | American Financial Financial Report 7th of May 2024 | PairCorr |
Moving against Allstate Stock
| 0.64 | FACO | First Acceptance Corp | PairCorr |
The ability to find closely correlated positions to Allstate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allstate 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 Allstate - 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 The Allstate to buy it.
The correlation of Allstate 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 Allstate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allstate 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 Allstate 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 Allstate Correlation, Allstate Volatility and Allstate Alpha and Beta module to complement your research on Allstate. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Allstate Stock analysis
When running Allstate's price analysis, check to measure Allstate'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 Allstate is operating at the current time. Most of Allstate's value examination focuses on studying past and present price action to predict the probability of Allstate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allstate's price. Additionally, you may evaluate how the addition of Allstate to your portfolios can decrease your overall portfolio volatility.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities |
Allstate 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.