Allete Free Cash Flow from 2010 to 2024
| ALE Stock | USD 59.80 0.16 0.27% |
Free Cash Flow | First Reported 1994-03-31 | Previous Quarter 124.8 M | Current Value -21.8 M | Quarterly Volatility 56.9 M |
Check Allete financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allete main balance sheet or income statement drivers, such as Interest Expense of 84.8 M, Total Revenue of 1.1 B or Gross Profit of 453.3 M, as well as many exotic indicators such as Price To Sales Ratio of 1.37, Dividend Yield of 0.0453 or PTB Ratio of 1.68. Allete financial statements analysis is a perfect complement when working with Allete Valuation or Volatility modules.
Allete | Free Cash Flow |
Latest Allete's Free Cash Flow Growth Pattern
Below is the plot of the Free Cash Flow of Allete Inc over the last few years. It is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Allete's Free Cash Flow historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allete's overall financial position and show how it may be relating to other accounts over time.
| Free Cash Flow | 10 Years Trend |
|
Free Cash Flow |
| Timeline |
Allete Free Cash Flow Regression Statistics
| Arithmetic Mean | (29,406,333) | |
| Geometric Mean | 85,335,297 | |
| Coefficient Of Variation | (781.07) | |
| Mean Deviation | 184,394,933 | |
| Median | 2,500,000 | |
| Standard Deviation | 229,683,662 | |
| Sample Variance | 52754.6T | |
| Range | 747.8M | |
| R-Value | 0.23 | |
| Mean Square Error | 53891.3T | |
| R-Squared | 0.05 | |
| Significance | 0.42 | |
| Slope | 11,646,196 | |
| Total Sum of Squares | 738564.2T |
Allete Free Cash Flow History
Other Fundumenentals of Allete Inc
Allete Free Cash Flow component correlations
About Allete Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Allete income statement, its balance sheet, and the statement of cash flows. Allete investors use historical funamental indicators, such as Allete's Free Cash Flow, to determine how well the company is positioned to perform in the future. Although Allete investors may use each financial statement separately, they are all related. The changes in Allete's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allete's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Allete Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Allete. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Free Cash Flow | 314.1 M | 329.8 M | |
| Free Cash Flow Yield | 0.09 | 0.09 | |
| Free Cash Flow Per Share | 5.48 | 5.76 | |
| EV To Free Cash Flow | 16.65 | 15.82 | |
| Price To Free Cash Flows Ratio | 11.16 | 10.60 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.54 | 0.56 |
Allete Investors Sentiment
The influence of Allete'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 Allete. 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 Allete's public news can be used to forecast risks associated with an investment in Allete. The trend in average sentiment can be used to explain how an investor holding Allete can time the market purely based on public headlines and social activities around Allete Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allete'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 Allete'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 Allete's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allete.
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 Allete 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, Allete's short interest history, or implied volatility extrapolated from Allete options trading.
Pair Trading with Allete
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 Allete 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 Allete will appreciate offsetting losses from the drop in the long position's value.Moving together with Allete Stock
| 0.77 | AES | AES Financial Report 2nd of May 2024 | PairCorr |
| 0.61 | AVA | Avista Earnings Call Next Week | PairCorr |
Moving against Allete Stock
| 0.46 | ELPC | Companhia Paranaense | PairCorr |
The ability to find closely correlated positions to Allete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allete 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 Allete - 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 Allete Inc to buy it.
The correlation of Allete 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 Allete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allete Inc 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 Allete 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 the analysis of Allete Correlation against competitors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Allete Stock analysis
When running Allete's price analysis, check to measure Allete'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 Allete is operating at the current time. Most of Allete's value examination focuses on studying past and present price action to predict the probability of Allete's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allete's price. Additionally, you may evaluate how the addition of Allete to your portfolios can decrease your overall portfolio volatility.
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Is Allete'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 Allete. If investors know Allete 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 Allete 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 (0.01) | Dividend Share 2.71 | Earnings Share 4.3 | Revenue Per Share 32.806 | Quarterly Revenue Growth (0.05) |
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete'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 Allete's market value can be influenced by many factors that don't directly affect Allete'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 Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete'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.