Does Allstate have money to sustain growth?
 | By Ellen Johnson | Macroaxis Story |
This post will summarize Allstate. I will look into some reasons why it is still possible for the company to generate above average margins and lots of cash flow. Allstate follows market closely. What is Allstate Target Price Odds to finish over Current Price? Out from normal probability distribution, the odds of Allstate to move above current price in 30 days from now is roughly 2.8%. The Allstate Corporation probability density function shows the probability of Allstate Stock to fall within a particular range of prices over 30 days . Considering 30-days investment horizon, Allstate has beta of 0.2436 . This suggests as returns on market go up, Allstate average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Allstate Corporation will be expected to be much smaller as well. Additionally, the company has an alpha of 0.105 implying that it can potentially generate 0.105% excess return over Russell 2000 after adjusting for the inherited market risk (beta).
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