Allete Inc Stock Price on May 6, 2024
| ALE Stock | USD 62.80 0.19 0.30% |
Below is the normalized historical share price chart for Allete Inc extending back to May 03, 1973. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Allete stands at 62.80, as last reported on the 19th of May, with the highest price reaching 63.14 and the lowest price hitting 62.70 during the day.
If you're considering investing in Allete Stock, it is important to understand the factors that can impact its price. We consider Allete very steady. Allete Inc secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Allete Inc, which you can use to evaluate the volatility of the firm. Please confirm Allete's Downside Deviation of 1.03, risk adjusted performance of 0.0806, and Mean Deviation of 0.8766 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
At present, Allete's Stock Based Compensation To Revenue is projected to slightly decrease based on the last few years of reporting. . As of May 19, 2024, Price To Sales Ratio is expected to decline to 0.99. In addition to that, Price Earnings Ratio is expected to decline to 10.45. Allete Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of May 1973 | 200 Day MA 57.5823 | 50 Day MA 59.8366 | Beta 0.742 |
Allete |
Sharpe Ratio = 0.129
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Estimated Market Risk
| 1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Allete is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Allete by adding it to a well-diversified portfolio.
Price Book 1.1972 | Enterprise Value Ebitda 9.3027 | Price Sales 1.7893 | Shares Float 57.5 M | Dividend Share 2.738 |
Allete Main Headline on 6th of May 2024
ALE Stock Alert Halper Sadeh LLC Is Investigating Whether th... by businesswire.com
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of ALLETE, Inc. to Canada Pension Plan Investment Board
Allete Valuation on May 6, 2024
It is possible to determine the worth of Allete on a given historical date. On May 6, 2024 Allete was worth 64.5 at the beginning of the trading date compared to the closed value of 62.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Allete stock. Still, in general, we apply an absolute valuation method to find Allete's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Allete where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Allete's related companies.
| Open | High | Low | Close | Volume | |
| 62.00 | 65.86 | 61.85 | 63.56 | 1,472,400 | |
05/06/2024 | 64.50 | 64.94 | 62.31 | 62.31 | 3,440,100 |
| 63.39 | 63.53 | 62.40 | 62.40 | 1,504,700 |
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Allete Trading Date Momentum on May 6, 2024
| On May 07 2024 Allete Inc was traded for 62.40 at the closing time. Highest Allete's price during the trading hours was 63.53 and the lowest price during the day was 62.40 . The net volume was 1.5 M. The overall trading history on the 7th of May contributed to the next trading period price growth. The overall trading delta to the next next day price was 0.14% . The overall trading delta to current price is 1.19% . |
Allete Inc Fundamentals Correlations and Trends
By evaluating Allete's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Allete's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Allete financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Allete Stock history
Allete investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Allete is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Allete Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Allete stock prices may prove useful in developing a viable investing in Allete
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 57.4 M | 34.7 M | |
| Net Income Applicable To Common Shares | 217.7 M | 132 M |
Allete Stock Technical Analysis
Allete 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.
Price Boundaries
Allete Period Price Range
Low | May 6, 2024
| High |
64.50 | 62.31 |
Allete May 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Allete stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allete shares will generate the highest return on investment. By undertsting and applying Allete stock market strength indicators, traders can identify Allete Inc entry and exit signals to maximize returns
| Accumulation Distribution | 139320.0 | |||
| Daily Balance Of Power | (0.83) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 63.63 | |||
| Day Typical Price | 63.19 | |||
| Price Action Indicator | (2.41) | |||
| Period Momentum Indicator | 0.49 | |||
| Relative Strength Index | 63.04 |
Allete Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Allete's price direction in advance. Along with the technical and fundamental analysis of Allete Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Allete to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0806 | |||
| Jensen Alpha | 0.0881 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0597 | |||
| Treynor Ratio | 0.2152 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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 (0.13) | Dividend Share 2.738 | Earnings Share 4.16 | Revenue Per Share 29.947 | Quarterly Revenue Growth (0.29) |
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.