The Allstate Stock Market Value

ALL Stock  USD 173.01  3.17  1.87%   
Allstate's market value is the price at which a share of Allstate trades on a public exchange. It measures the collective expectations of The Allstate investors about its performance. Allstate is selling for 173.01 as of the 29th of March 2024. This is a 1.87 percent up since the beginning of the trading day. The stock's lowest day price was 171.1.
With this module, you can estimate the performance of a buy and hold strategy of The Allstate and determine expected loss or profit from investing in Allstate over a given investment horizon. Check out Allstate Correlation, Allstate Volatility and Allstate Alpha and Beta module to complement your research on Allstate.
Symbol

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
(1.23)
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.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Allstate on February 28, 2024 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 30 days. Allstate is related to or competes with Caterpillar, Microsoft, Chevron Corp, 3M, and Merck. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
172.72173.79174.86
Details
Intrinsic
Valuation
LowRealHigh
149.32150.39190.31
Details
22 Analysts
Consensus
LowTargetHigh
119.82131.67146.15
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.853.635.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allstate. Your research has to be compared to or analyzed against Allstate's peers to derive any actionable benefits. When done correctly, Allstate'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 Allstate.

Allstate Backtested Returns

Allstate appears to be very steady, given 3 months investment horizon. Allstate secures Sharpe Ratio (or Efficiency) of 0.33, which signifies that the company had a 0.33% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for The Allstate, which you can use to evaluate the volatility of the firm. Please makes use of Allstate's Mean Deviation of 0.7573, risk adjusted performance of 0.2093, and Semi Deviation of 0.2199 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allstate holds a performance score of 25. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Allstate are expected to decrease at a much lower rate. During the bear market, Allstate is likely to outperform the market. Please check Allstate's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Allstate's price patterns will revert.

Auto-correlation

    
  0.48  

Average predictability

The Allstate has average predictability. Overlapping area represents the amount of predictability between Allstate time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th 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 Allstate price movement. The serial correlation of 0.48 indicates that about 48.0% of current Allstate price fluctuation can be explain by its past prices.
Correlation Coefficient0.48
Spearman Rank Test0.32
Residual Average0.0
Price Variance19.03

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  

Allstate Investors Sentiment

The influence of Allstate'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 Allstate. 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 Allstate's public news can be used to forecast risks associated with an investment in Allstate. The trend in average sentiment can be used to explain how an investor holding Allstate can time the market purely based on public headlines and social activities around The Allstate. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allstate'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 Allstate'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 Allstate's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allstate.

Allstate Implied Volatility

    
  22.63  
Allstate's implied volatility exposes the market's sentiment of The Allstate stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Allstate's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Allstate stock will not fluctuate a lot when Allstate's options are near their expiration.
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 Allstate 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, Allstate's short interest history, or implied volatility extrapolated from Allstate options trading.

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

  0.9L Loews CorpPairCorr
  0.89CB Chubb Financial Report 23rd of April 2024 PairCorr
  0.72NODK NI HoldingsPairCorr

Moving against Allstate Stock

  0.69FACO First Acceptance CorpPairCorr
  0.52PRA ProAssurance Financial Report 14th of May 2024 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.
Pair CorrelationCorrelation Matching
When determining whether Allstate is a strong investment it is important to analyze Allstate'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 Allstate's future performance. For an informed investment choice regarding Allstate Stock, refer to the following important reports:
Check out Allstate Correlation, Allstate Volatility and Allstate Alpha and Beta module to complement your research on Allstate.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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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.
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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.
A focus of Allstate technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allstate 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...