Allete Technical Analysis

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ALE -- USA Stock  

Report: 6th of August 2020  

As of the 2nd of July, Allete shows the mean deviation of 2.52, and risk adjusted performance of (0.08). Allete Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Allete Inc, which can be compared to its rivals. Please confirm Allete Inc treynor ratio, and the relationship between the variance and potential upside to decide if Allete Inc is priced correctly, providing market reflects its regular price of 56.05 per share. Given that Allete has jensen alpha of (0.13), we suggest you to validate Allete Inc's prevailing market performance to make sure the company can sustain itself at a future point.

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Target PriceAdvice# of Analysts
64.0Hold4Odds
Allete Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus. Most Allete analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Allete stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Allete Inc, talking to its executives and customers, or listening to Allete conference calls.
Allete Analyst Advice Details
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.
A focus of Allete technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allete trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Allete Inc Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Allete Inc volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Allete Inc Trend Analysis

Use this graph to draw trend lines for Allete Inc. You can use it to identify possible trend reversals for Allete as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Allete price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Allete Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Allete Inc applied against its price change over selected period. The best fit line has a slop of   -0.03  , which may imply that the returns on investment in Allete Inc will continue to fail. It has 122 observation points and a regression sum of squares at 27.13, which is the sum of squared deviations for the predicted Allete price change compared to its average price change.

About Allete Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Allete Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Allete Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Allete Inc stock first instead of the macroeconomic environment surrounding Allete Inc . By analyzing Allete's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Allete's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Allete specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2017 2018 2019 2020 (projected)
Long Term Debt to Equity0.70.660.630.77
Interest Coverage3.382.962.873.5

Allete July 2, 2020 Technical Indicators

Most technical analysis of Allete stock help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Allete from various momentum indicators to cycle indicators. When you analyze Allete charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
Risk Adjusted Performance(0.08)
Market Risk Adjusted Performance2.84
Mean Deviation2.52
Coefficient Of Variation(2,419)
Standard Deviation3.3
Variance10.9
Information Ratio(0.14)
Jensen Alpha(0.13)
Total Risk Alpha(0.63)
Treynor Ratio2.83
Maximum Drawdown16.58
Value At Risk(6.31)
Potential Upside5.03
Skewness(0.027813)
Kurtosis0.5893

Allete July 2, 2020 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Allete stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution  2,101  
Daily Balance Of Power  0.64  
Rate Of Daily Change  1.01  
Day Median Price  55.95  
Day Typical Price  55.98  
Price Action Indicator  0.44  
Please continue to Trending Equities. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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