Allete Inc Stock Performance
| ALE Stock | USD 59.96 0.16 0.27% |
Allete has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.15, which signifies a somewhat significant risk relative to the market. Allete returns are very sensitive to returns on the market. As the market goes up or down, Allete is expected to follow. Allete Inc right now shows a risk of 1.24%. Please confirm Allete Inc jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Allete Inc will be following its price patterns.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Allete Inc are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound essential indicators, Allete is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Actual Historical Performance (%)
One Day Return (0.08) | Five Day Return 1.97 | Year To Date Return (4.07) | Ten Year Return 16.16 | All Time Return 281.58 |
Forward Dividend Yield 0.0472 | Payout Ratio 0.6366 | Last Split Factor 1:3 | Forward Dividend Rate 2.82 | Dividend Date 2024-03-01 |
1 | Acquisition by Margaret Thickens of 1431 shares of Allete subject to Rule 16b-3 | 01/29/2024 |
2 | ALLETE, Inc. reports 2023 earnings of 4.30 per share clean energy transition drives 4.3 billion capital investment plan over the next five years | 02/20/2024 |
| Allete dividend paid on 1st of March 2024 | 03/01/2024 |
3 | Advisors Asset Management Inc. Trims Position in ALLETE, Inc. | 03/06/2024 |
4 | ALLETE, Inc. Shares Sold by OLD National Bancorp IN - Defense World | 03/14/2024 |
5 | American Century Companies Inc. Raises Stock Holdings in ALLETE, Inc. - MarketBeat | 03/19/2024 |
6 | With 77 percent ownership of the shares, ALLETE, Inc. is heavily dominated by institutional owners | 03/22/2024 |
7 | Blackston Financial Advisory Group LLC Purchases New Stake in ALLETE, Inc. - Defense World | 03/28/2024 |
8 | SG Americas Securities LLC Trims Stake in ALLETE, Inc. - MarketBeat | 04/02/2024 |
9 | These 4 Measures Indicate That ALLETE Is Using Debt Extensively | 04/11/2024 |
10 | Raymond James Associates Has 1.98 Million Stock Position in ALLETE, Inc. - Defense World | 04/17/2024 |
| Begin Period Cash Flow | 37.9 M |
Allete |
Allete Relative Risk vs. Return Landscape
If you would invest 5,828 in Allete Inc on January 26, 2024 and sell it today you would earn a total of 168.00 from holding Allete Inc or generate 2.88% return on investment over 90 days. Allete Inc is generating 0.0535% of daily returns assuming volatility of 1.2442% on return distribution over 90 days investment horizon. In other words, 11% of stocks are less volatile than Allete, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Allete Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allete's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Allete Inc, and traders can use it to determine the average amount a Allete's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.043
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| Cash | ALE | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.24 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Allete is performing at about 3% 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.
Allete Fundamentals Growth
Allete Stock prices reflect investors' perceptions of the future prospects and financial health of Allete, and Allete fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Allete Stock performance.
| 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 | ||||
| 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 | ||||
| Earnings Per Share | 4.30 X | ||||
| Market Capitalization | 3.45 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 | ||||
About Allete Performance
To evaluate Allete Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Allete generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Allete Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Allete Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Allete's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 39.00 | 40.64 | |
| Return On Tangible Assets | 0.03 | 0.04 | |
| Return On Capital Employed | 0.03 | 0.02 | |
| Return On Assets | 0.03 | 0.04 | |
| Return On Equity | 0.09 | 0.10 |
Things to note about Allete Inc performance evaluation
Checking the ongoing alerts about Allete for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Allete Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company has 1.8 B in debt with debt to equity (D/E) ratio of 0.6, which is OK given its current industry classification. Allete Inc has a current ratio of 0.91, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Allete until it has trouble settling it off, either with new capital or with free cash flow. So, Allete's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Allete Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Allete to invest in growth at high rates of return. When we think about Allete's use of debt, we should always consider it together with cash and equity. | |
| Allete Inc has a strong financial position based on the latest SEC filings | |
| Over 79.0% of Allete shares are held by institutions such as insurance companies | |
| On 1st of March 2024 Allete paid $ 0.705 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Raymond James Associates Has 1.98 Million Stock Position in ALLETE, Inc. - Defense World |
- Analyzing Allete's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Allete's stock is overvalued or undervalued compared to its peers.
- Examining Allete's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Allete's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Allete's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Allete's stock. These opinions can provide insight into Allete's potential for growth and whether the stock is currently undervalued or overvalued.
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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.