Allete Direct Expenses vs Tax Assets Analysis

ALE Stock  USD 58.82  1.24  2.15%   
Trend analysis of Allete Inc balance sheet accounts such as Total Assets of 3.8 B, Short and Long Term Debt Total of 1.2 B or Other Current Liab of 119 M provides information on Allete's total assets, liabilities, and equity, which is the actual value of Allete Inc to its prevalent stockholders. By breaking down trends over time using Allete balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
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.

About Allete Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Allete Inc at a specified time, usually calculated after every quarter, six months, or one year. Allete Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allete and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Allete currently owns. An asset can also be divided into two categories, current and non-current.

Allete Balance Sheet Chart

Allete Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Allete Inc uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Allete's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 669.1 M, whereas Total Assets are forecasted to decline to about 3.8 B.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of Allete assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Allete Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Allete's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allete Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.
At present, Allete's Tax Provision is projected to decrease significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit453.5M446.8M238.1M453.3M
Total Revenue1.4B1.6B1.9B1.1B

Allete fundamental ratios Correlations

0.920.910.460.650.940.920.890.890.660.00.680.320.00.510.660.970.34-0.020.070.960.530.370.470.950.9
0.920.970.570.780.990.980.960.980.52-0.190.810.57-0.190.620.770.950.530.050.070.980.710.520.650.990.87
0.910.970.570.830.960.991.00.930.53-0.220.790.51-0.220.590.720.920.480.070.110.970.670.450.710.960.89
0.460.570.570.550.570.530.580.520.12-0.280.530.37-0.280.790.540.510.560.23-0.240.560.540.560.320.580.48
0.650.780.830.550.790.810.830.780.5-0.340.710.52-0.340.490.660.610.69-0.12-0.010.730.590.580.890.780.62
0.940.990.960.570.790.980.950.980.58-0.190.810.54-0.190.640.780.940.530.020.030.980.680.520.631.00.89
0.920.980.990.530.810.980.990.970.56-0.240.780.54-0.240.590.720.930.450.020.130.970.670.430.70.970.89
0.890.961.00.580.830.950.990.930.49-0.30.770.51-0.30.60.710.910.480.070.110.950.660.440.740.950.89
0.890.980.930.520.780.980.970.930.54-0.260.820.65-0.260.580.770.90.5-0.060.130.940.730.450.670.960.84
0.660.520.530.120.50.580.560.490.540.350.40.160.350.210.40.550.02-0.28-0.060.560.260.120.240.590.52
0.0-0.19-0.22-0.28-0.34-0.19-0.24-0.3-0.260.35-0.19-0.311.0-0.34-0.120.0-0.250.0-0.06-0.1-0.20.01-0.58-0.15-0.24
0.680.810.790.530.710.810.780.770.820.4-0.190.75-0.190.570.980.750.540.070.00.790.950.380.60.790.72
0.320.570.510.370.520.540.540.510.650.16-0.310.75-0.310.430.690.390.38-0.170.280.460.820.220.480.480.33
0.0-0.19-0.22-0.28-0.34-0.19-0.24-0.3-0.260.351.0-0.19-0.31-0.34-0.120.0-0.250.0-0.06-0.1-0.20.01-0.58-0.15-0.24
0.510.620.590.790.490.640.590.60.580.21-0.340.570.43-0.340.610.570.480.27-0.370.620.510.520.280.660.66
0.660.770.720.540.660.780.720.710.770.4-0.120.980.69-0.120.610.720.590.1-0.120.760.920.450.510.770.7
0.970.950.920.510.610.940.930.910.90.550.00.750.390.00.570.720.360.110.030.990.630.40.460.950.9
0.340.530.480.560.690.530.450.480.50.02-0.250.540.38-0.250.480.590.360.22-0.210.450.430.90.530.540.32
-0.020.050.070.23-0.120.020.020.07-0.06-0.280.00.07-0.170.00.270.10.110.22-0.240.090.040.25-0.180.050.2
0.070.070.11-0.24-0.010.030.130.110.13-0.06-0.060.00.28-0.06-0.37-0.120.03-0.21-0.240.020.07-0.340.11-0.010.03
0.960.980.970.560.730.980.970.950.940.56-0.10.790.46-0.10.620.760.990.450.090.020.670.470.580.980.91
0.530.710.670.540.590.680.670.660.730.26-0.20.950.82-0.20.510.920.630.430.040.070.670.260.520.650.58
0.370.520.450.560.580.520.430.440.450.120.010.380.220.010.520.450.40.90.25-0.340.470.260.340.550.28
0.470.650.710.320.890.630.70.740.670.24-0.580.60.48-0.580.280.510.460.53-0.180.110.580.520.340.610.52
0.950.990.960.580.781.00.970.950.960.59-0.150.790.48-0.150.660.770.950.540.05-0.010.980.650.550.610.9
0.90.870.890.480.620.890.890.890.840.52-0.240.720.33-0.240.660.70.90.320.20.030.910.580.280.520.9
Click cells to compare fundamentals

Allete Account Relationship Matchups

Allete fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding51.5M51.7M51.9M52.5M57.4M34.6M
Total Assets5.5B6.1B6.4B6.8B7.4B3.8B
Short Long Term Debt Total1.6B1.8B2.0B1.9B1.8B1.2B
Other Current Liab53.3M60.8M186.2M186.7M153.6M119.0M
Total Current Liabilities507.4M459.6M543.4M716.2M377.6M388.7M
Total Stockholder Equity2.2B2.3B2.4B2.7B2.8B1.5B
Property Plant And Equipment Net4.4B4.9B5.1B5.0B5.0B2.7B
Net Debt1.6B1.8B1.9B1.9B1.7B1.1B
Retained Earnings818.8M864.8M900.2M934.8M1.0B556.9M
Accounts Payable165.2M110M111M103M102.2M88.5M
Cash69.3M44.3M45.1M36.4M77M72.1M
Non Current Assets Total5.2B5.8B6.1B6.1B6.9B7.2B
Non Currrent Assets Other101.2M665.3M709.1M474.5M637.2M669.1M
Cash And Short Term Investments69.3M44.3M45.1M36.4M77M72.3M
Net Receivables96.4M111.9M123.7M137.9M137.2M117.3M
Common Stock Total Equity1.4B1.5B1.5B1.8B2.0B2.2B
Liabilities And Stockholders Equity5.5B6.1B6.4B6.8B7.4B3.8B
Non Current Liabilities Total2.6B2.8B2.9B2.8B3.6B1.8B
Inventory72.8M74.2M97.7M455.9M175.4M184.2M
Other Current Assets31M24.5M24.8M87.8M78.5M71.2M
Other Stockholder Equity104.1M505.5M533M(24.4M)(22.0M)(20.9M)
Total Liab3.1B3.3B3.5B3.5B4.0B2.3B
Property Plant And Equipment Gross4.4B4.9B7.2B5.0B7.4B7.7B
Total Current Assets269.5M254.9M291.3M718M468.1M316.6M
Accumulated Other Comprehensive Income(23.6M)(31.1M)(23.8M)(24.4M)(20.5M)(21.5M)
Short Term Debt219.8M209.6M219M275.8M114.4M123.6M
Common Stock1.4B1.5B1.5B1.8B1.8B949.7M
Other Liab1.2B1.2B1.2B1.1B1.3B675.9M
Other Assets609.1M990M725.5M592.5M681.4M421.1M
Long Term Debt1.4B1.6B1.8B1.6B1.7B1.2B
Intangible Assets223.3M1M800K155.6M140.0M133.9M
Property Plant Equipment4.4B4.8B5.1B5.0B5.8B6.0B
Current Deferred Revenue69.1M79.2M27.2M150.7M7.4M7.0M
Net Tangible Assets2.2B2.3B2.4B2.7B3.1B1.9B
Good Will148.3M223.3M1M(186.5M)(214.5M)(203.8M)
Retained Earnings Total Equity818.8M864.8M900.2M934.8M1.1B716.9M
Long Term Debt Total1.4B1.6B1.8B1.6B1.9B1.4B

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

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Moving against 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.
Pair CorrelationCorrelation Matching
When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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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.