Allstate Correlations

ALL-PB Preferred Stock

USD 26.12 0.11 0.42%

The current 90-days correlation between Allstate and Aspen Insurance Holdings is 0.16 (i.e., Average diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Allstate Correlation With Market

Very good diversification

The correlation between The Allstate and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Allstate and DJI in the same portfolio, assuming nothing else is changed.

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.

Moving together with Allstate Preferred Stock

0.76	FRFHF	Fairfax Financial	Pair Corr
0.86	HCI	HCI Group	Pair Corr
0.72	HMN	Horace Mann Educators Normal Trading	Pair Corr
0.63	MCY	Mercury General	Pair Corr
0.69	PRA	ProAssurance	Pair Corr
0.73	RLI	RLI Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.76	THG	Hanover Insurance	Pair Corr
0.82	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.73	TKOMY	Tokio Marine Holdings	Pair Corr
0.77	SIGIP	Selective Insurance	Pair Corr
0.61	NODK	NI Holdings	Pair Corr
0.79	ALL-PJ	Allstate	Pair Corr

Moving against Allstate Preferred Stock

0.56	FACO	First Acceptance Corp	Pair Corr
0.35	CNA	CNA Financial	Pair Corr
0.66	KNSL	Kinsale Capital Group	Pair Corr
0.4	HRTG	Heritage Insurance Hldgs	Pair Corr
0.37	TILCF	Till Capital	Pair Corr
0.34	HGTY	Hagerty	Pair Corr

Related Correlations Analysis

	AHL-PE	SIGIP	AHL-PD	AFSIB	AFSIA	AFSIP	AFSIM	AFSIN
AHL-PE		0.89	0.9	0.51	0.79	0.65	0.62	0.51	AHL-PE
SIGIP	0.89		0.79	0.52	0.83	0.6	0.61	0.5	SIGIP
AHL-PD	0.9	0.79		0.31	0.64	0.5	0.53	0.36	AHL-PD
AFSIB	0.51	0.52	0.31		0.59	0.55	0.58	0.26	AFSIB
AFSIA	0.79	0.83	0.64	0.59		0.7	0.61	0.51	AFSIA
AFSIP	0.65	0.6	0.5	0.55	0.7		0.71	0.48	AFSIP
AFSIM	0.62	0.61	0.53	0.58	0.61	0.71		0.45	AFSIM
AFSIN	0.51	0.5	0.36	0.26	0.51	0.48	0.45		AFSIN
	AHL-PE	SIGIP	AHL-PD	AFSIB	AFSIA	AFSIP	AFSIM	AFSIN

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Risk-Adjusted Indicators

There is a big difference between Allstate Preferred Stock performing well and Allstate Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Allstate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AHL-PE	0.72	0.11	0.01	0.45	0.67	(0.85)	1.67	(1.66)	4.28
SIGIP	0.63	0.09	(0.09)	2.57	0.68	(0.78)	1.44	(0.84)	4.44
AHL-PD	0.74	0.10	(0.03)	0.60	0.81	(0.84)	1.87	(1.45)	5.28
AFSIB	1.15	0.12	(0.03)	(0.42)	1.46	(1.68)	2.89	(2.81)	9.55
AFSIA	0.74	0.16	(0.04)	(0.21)	0.94	(1.32)	1.89	(2.55)	6.88
AFSIP	0.95	0.11	(0.03)	1.48	1.26	(1.14)	2.71	(2.49)	7.09
AFSIM	0.74	0.13	(0.03)	(1.21)	0.85	(1.13)	2.50	(2.41)	8.06
AFSIN	1.29	0.05	(0.02)	0.41	2.31	(1.73)	3.42	(2.57)	20.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in Allstate without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Allstate Corporate Management

Russell Mayerfeld	Managing Director	Profile
Peter CFA	Managing Investing	Profile
Lewis Solimene	Managing Team	Profile
Thomas II	Pres Chairman	Profile
Samuel Pilch	Group Company	Profile
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