Allstate Correlations

ALL Stock

USD 197.22 4.92 2.56%

The current 90-days correlation between Allstate and W R Berkley is 0.66 (i.e., Poor diversification). 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 The Allstate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Allstate Correlation With Market

Very weak diversification

The correlation between The Allstate and DJI is 0.52 (i.e., Very weak 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Allstate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Allstate Stock

0.93	L	Loews Corp	Pair Corr
0.9	AFG	American Financial	Pair Corr
0.9	AIZ	Assurant	Pair Corr
0.85	BOW	Bowhead Specialty	Pair Corr
0.66	CNA	CNA Financial	Pair Corr
0.73	HMN	Horace Mann Educators	Pair Corr
0.81	MCY	Mercury General	Pair Corr
0.88	MKL	Markel	Pair Corr
0.95	ORI	Old Republic Interna Fiscal Year End 23rd of January 2025	Pair Corr
0.73	PGR	Progressive Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	PRA	ProAssurance	Pair Corr
0.87	RLI	RLI Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.64	STC	Stewart Information	Pair Corr
0.88	THG	Hanover Insurance	Pair Corr
0.8	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.68	GBLI	Global Indemnity PLC	Pair Corr
0.67	UVE	Universal Insurance	Pair Corr
0.91	WRB	W R Berkley Fiscal Year End 22nd of January 2025	Pair Corr
0.81	WTM	White Mountains Insurance	Pair Corr
0.64	HGTY	Hagerty	Pair Corr
0.84	KINS	Kingstone Companies	Pair Corr
0.86	KMPR	Kemper	Pair Corr
0.77	KNSL	Kinsale Capital Group	Pair Corr
0.84	LMND	Lemonade	Pair Corr
0.87	PLMR	Palomar Holdings	Pair Corr
0.76	ROOT	Root Inc	Pair Corr
0.71	ACIC	American Coastal Ins	Pair Corr
0.8	SAFT	Safety Insurance	Pair Corr

Moving against Allstate Stock

0.66	ALL-PI	Allstate	Pair Corr
0.45	SIGIP	Selective Insurance	Pair Corr
0.61	ALL-PH	Allstate	Pair Corr
0.59	ALL-PJ	Allstate	Pair Corr
0.54	WRB-PH	WR Berkley	Pair Corr
0.54	WRB-PG	WR Berkley	Pair Corr
0.49	WRB-PF	WR Berkley	Pair Corr

Related Correlations Analysis

	WRB	MKL	RLI	CNA	WTM	WRB-PE
WRB		0.9	0.91	0.58	0.93	-0.35	WRB
MKL	0.9		0.93	0.43	0.9	-0.34	MKL
RLI	0.91	0.93		0.34	0.94	-0.49	RLI
CNA	0.58	0.43	0.34		0.35	0.16	CNA
WTM	0.93	0.9	0.94	0.35		-0.51	WTM
WRB-PE	-0.35	-0.34	-0.49	0.16	-0.51		WRB-PE
	WRB	MKL	RLI	CNA	WTM	WRB-PE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WTM	+ 0.94	RLI
WTM	+ 0.93	WRB
RLI	+ 0.93	MKL
RLI	+ 0.91	WRB
MKL	+ 0.9	WRB
WTM	+ 0.9	MKL

High negative correlations

WRB-PE	- 0.51	WTM
WRB-PE	- 0.49	RLI
WRB-PE	- 0.35	WRB
WRB-PE	- 0.34	MKL

Risk-Adjusted Indicators

There is a big difference between Allstate 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
WRB	1.01	(0.01)	(0.01)	0.09	1.29	(1.06)	2.03	(1.73)	7.07
MKL	0.79	0.08	0.08	0.17	0.81	(0.85)	1.84	(1.54)	7.55
RLI	0.87	0.11	0.09	0.20	1.17	(0.98)	1.76	(1.75)	7.00
CNA	1.00	(0.13)	0.00	(0.02)	0.00	0.00	2.31	(1.87)	6.06
WTM	0.96	0.08	0.10	0.18	0.80	(1.15)	2.50	(1.54)	8.76
WRB-PE	0.42	(0.03)	0.00	(0.34)	0.00	0.00	0.80	(0.88)	2.00

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