Allstate Stock Probability of Future Stock Price Finishing Over 130.31

ALL
 Stock
  

USD 130.31  1.69  1.28%   

Allstate Corp's future price is the expected price of Allstate Corp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Allstate Corp performance during a given time horizon utilizing its historical volatility. Allstate Corp Price to Book Value is relatively stable at the moment as compared to the past year. The company's current Price to Book Value is estimated at 1.42. Price to Sales Ratio is expected to hike to 0.79 this year, although the value of Price to Earnings Ratio will most likely fall to 19.63.
  
Allstate Corp's implied volatility is one of the determining factors in the pricing options written on Allstate Corp. Implied volatility approximates the future value of Allstate Corp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Allstate Corp over a specific time period. For example, 2022-12-16 CALL at $130.0 is a CALL option contract on Allstate Corp's common stock with a strick price of 130.0 expiring on 2022-12-16. The contract was last traded on 2022-12-06 at 14:10:19 for $2.1 and, as of today, has 9 days remaining before the expiration. The option is currently trading at a bid price of $2.75, and an ask price of $2.85. The implied volatility as of the 7th of December is 32.1881. View All Allstate options

Closest to current price Allstate long CALL Option Payoff at Expiration

Please continue to Allstate Corp Backtesting, Allstate Corp Valuation, Allstate Corp Correlation, Allstate Corp Hype Analysis, Allstate Corp Volatility, Allstate Corp History as well as Allstate Corp Performance. Please specify Allstate Corp time horizon, a valid symbol (red box) and a target price (blue box) you would like Allstate Corp odds to be computed.

Allstate Corp Target Price Odds to finish over 130.31

The tendency of Allstate Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 130.31 90 days 130.31 
about 30.85
Based on a normal probability distribution, the odds of Allstate Corp to move above the current price in 90 days from now is about 30.85 (This Allstate Corp probability density function shows the probability of Allstate Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Allstate Corp has a beta of 0.86. This suggests Allstate Corp market returns are highly reactive to returns on the market. As the market goes up or down, Allstate Corp is expected to follow. Additionally The company has an alpha of 0.0798, implying that it can generate a 0.0798 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Allstate Corp Price Density   
       Price  

Predictive Modules for Allstate Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allstate Corp. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Allstate Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Allstate Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
129.09131.52133.95
Details
Intrinsic
Valuation
LowReal ValueHigh
121.37123.80144.33
Details
Naive
Forecast
LowNext ValueHigh
122.63125.06127.50
Details
14 Analysts
Consensus
LowTarget PriceHigh
105.00134.75176.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allstate Corp. Your research has to be compared to or analyzed against Allstate Corp's peers to derive any actionable benefits. When done correctly, Allstate Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Allstate Corp.

Allstate Corp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Allstate Corp is not an exception. The market had few large corrections towards the Allstate Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Allstate Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Allstate Corp within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.08
β
Beta against NYSE Composite0.86
σ
Overall volatility
4.34
Ir
Information ratio 0.029172

Allstate Corp Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Allstate Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Allstate Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The company has 7.98 B in debt with debt to equity (D/E) ratio of 0.45, which is OK given its current industry classification. Allstate Corp has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Allstate Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Allstate Corp'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 Allstate Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Allstate to invest in growth at high rates of return. When we think about Allstate Corp's use of debt, we should always consider it together with cash and equity.
Over 81.0% of Allstate Corp shares are held by institutions such as insurance companies
Latest headline from news.google.com: The Allstate Corporation is largely controlled by institutional shareholders who own 80 percent of the company - Simply Wall St

Allstate Corp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Allstate Stock often depends not only on the future outlook of the current and potential Allstate Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Allstate Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding315500000.00
Cash And Short Term Investments4772000000.00

Allstate Corp Technical Analysis

Allstate Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Allstate Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Allstate Corp. In general, you should focus on analyzing Allstate Stock price patterns and their correlations with different microeconomic environments and drivers.

Allstate Corp Predictive Forecast Models

Allstate Corp time-series forecasting models is one of many Allstate Corp's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Allstate Corp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Allstate Corp

Checking the ongoing alerts about Allstate Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Allstate Corp 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 7.98 B in debt with debt to equity (D/E) ratio of 0.45, which is OK given its current industry classification. Allstate Corp has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Allstate Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Allstate Corp'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 Allstate Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Allstate to invest in growth at high rates of return. When we think about Allstate Corp's use of debt, we should always consider it together with cash and equity.
Over 81.0% of Allstate Corp shares are held by institutions such as insurance companies
Latest headline from news.google.com: The Allstate Corporation is largely controlled by institutional shareholders who own 80 percent of the company - Simply Wall St
Please continue to Allstate Corp Backtesting, Allstate Corp Valuation, Allstate Corp Correlation, Allstate Corp Hype Analysis, Allstate Corp Volatility, Allstate Corp History as well as Allstate Corp Performance. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Allstate Corp price analysis, check to measure Allstate Corp'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 Allstate Corp is operating at the current time. Most of Allstate Corp's value examination focuses on studying past and present price action to predict the probability of Allstate Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Allstate Corp's price. Additionally, you may evaluate how the addition of Allstate Corp to your portfolios can decrease your overall portfolio volatility.
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Is Allstate Corp'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 Allstate Corp. If investors know Allstate 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 Allstate Corp 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 YOY
(0.68) 
Market Capitalization
34.6 B
Quarterly Revenue Growth YOY
0.058
Return On Assets
0.002
Return On Equity
0.0023
The market value of Allstate Corp is measured differently than its book value, which is the value of Allstate that is recorded on the company's balance sheet. Investors also form their own opinion of Allstate Corp's value that differs from its market value or its book value, called intrinsic value, which is Allstate Corp'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 Allstate Corp's market value can be influenced by many factors that don't directly affect Allstate Corp'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 Allstate Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Allstate Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allstate Corp'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.