Allete Inc Stock Five Year Return
| ALE Stock | USD 59.96 0.25 0.42% |
Allete Inc fundamentals help investors to digest information that contributes to Allete's financial success or failures. It also enables traders to predict the movement of Allete Stock. The fundamental analysis module provides a way to measure Allete's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Allete stock.
Allete | Five Year Return |
Allete Inc Company Five Year Return Analysis
Allete's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Allete Five Year Return | 3.50 % |
Most of Allete's fundamental indicators, such as Five Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Allete Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Allete Five Year Return Driver Correlations
Understanding the fundamental principles of building solid financial models for Allete is extremely important. It helps to project a fair market value of Allete Stock properly, considering its historical fundamentals such as Five Year Return. Since Allete's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Allete's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Allete's interrelated accounts and indicators.
Click cells to compare fundamentals
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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Allete Return On Tangible Assets
Return On Tangible Assets |
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According to the company disclosure, Allete Inc has a Five Year Return of 3.5%. This is much higher than that of the Electric Utilities sector and significantly higher than that of the Utilities industry. The five year return for all United States stocks is notably lower than that of the firm.
Allete Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allete's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Allete could also be used in its relative valuation, which is a method of valuing Allete by comparing valuation metrics of similar companies.Allete is currently under evaluation in five year return category among related companies.
Allete Fundamentals
| Return On Equity | 0.053 | ||||
| Return On Asset | 0.0176 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 5.77 B | ||||
| Shares Outstanding | 57.67 M | ||||
| Shares Owned By Insiders | 0.42 % | ||||
| Shares Owned By Institutions | 78.86 % | ||||
| Number Of Shares Shorted | 1.29 M | ||||
| Price To Earning | 19.79 X | ||||
| Price To Book | 1.20 X | ||||
| Price To Sales | 1.79 X | ||||
| Revenue | 1.88 B | ||||
| Gross Profit | 446.8 M | ||||
| EBITDA | 432.7 M | ||||
| Net Income | 247.1 M | ||||
| Cash And Equivalents | 36.4 M | ||||
| Cash Per Share | 1.31 X | ||||
| Total Debt | 1.8 B | ||||
| Debt To Equity | 0.59 % | ||||
| Current Ratio | 0.93 X | ||||
| Book Value Per Share | 48.78 X | ||||
| Cash Flow From Operations | 585.3 M | ||||
| Short Ratio | 4.59 X | ||||
| Earnings Per Share | 4.30 X | ||||
| Price To Earnings To Growth | 2.21 X | ||||
| Target Price | 60.77 | ||||
| Number Of Employees | 1.51 K | ||||
| Beta | 0.75 | ||||
| Market Capitalization | 3.46 B | ||||
| Total Asset | 7.37 B | ||||
| Retained Earnings | 1.03 B | ||||
| Working Capital | 90.5 M | ||||
| Current Asset | 371 M | ||||
| Current Liabilities | 274.8 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 3.50 % | ||||
| Net Asset | 7.37 B | ||||
| Last Dividend Paid | 2.71 |
About Allete Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allete Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allete using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allete Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Financial Report 1st of May 2024 | 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 Allete Piotroski F Score and Allete Altman Z Score analysis. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.