Allete Gross Profit from 2010 to 2024
| ALE Stock | USD 59.71 1.22 2.09% |
Gross Profit | First Reported 1985-09-30 | Previous Quarter 114.6 M | Current Value 57.2 M | Quarterly Volatility 78.6 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 | Gross Profit |
Latest Allete's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of Allete Inc over the last few years. Gross profit is a required income statement account that reflects total revenue of Allete Inc minus its cost of goods sold. It is profit before Allete operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Allete's Gross Profit 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.
| View | Last Reported 446.8 M | 10 Years Trend |
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Gross Profit |
| Timeline |
Allete Gross Profit Regression Statistics
| Arithmetic Mean | 412,937,162 | |
| Geometric Mean | 400,203,153 | |
| Coefficient Of Variation | 24.44 | |
| Mean Deviation | 75,078,108 | |
| Median | 446,800,000 | |
| Standard Deviation | 100,932,708 | |
| Sample Variance | 10187.4T | |
| Range | 383.5M | |
| R-Value | (0.02) | |
| Mean Square Error | 10968.5T | |
| R-Squared | 0.0002 | |
| Significance | 0.96 | |
| Slope | (343,207) | |
| Total Sum of Squares | 142623.8T |
Allete Gross Profit History
Other Fundumenentals of Allete Inc
Allete Gross Profit component correlations
Click cells to compare fundamentals
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 Gross Profit, 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 | ||
| Gross Profit | 238.1 M | 453.3 M | |
| Gross Profit Margin | 0.13 | 0.12 |
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
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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 Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.