Allstate Z Score
ALL  Stock  USD 130.11 0.20 0.15% 
Allstate  Z Score 
Allstate Z Score Analysis
Allstate Corp's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..Current Allstate Corp Z Score  2.4 
Most of Allstate Corp's fundamental indicators, such as Z Score, 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, Allstate Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Allstate Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Allstate Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Allstate Corp'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 Allstate Corp'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 Allstate Corp's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition 
In accordance with the company's disclosures, Allstate Corp has a Z Score of 2.4. This indicator is about the same for the Insurance average (which is currently at 2.41) sector and significantly higher than that of the Financials industry. The z score for all United States stocks is 72.48% higher than that of the company.
Allstate Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allstate Corp's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Allstate Corp could also be used in its relative valuation, which is a method of valuing Allstate Corp by comparing valuation metrics of similar companies.Allstate Corp is currently under evaluation in z score category among related companies.
Allstate Corp Current Valuation Drivers
We derive many important indicators used in calculating different scores of Allstate Corp from analyzing Allstate Corp's financial statements. These drivers represent accounts that assess Allstate Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Allstate Corp's important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  74.34 K  49.28 K  104.71 K  131.9 K  29.23 K  40.65 K  
Revenue Per Employee  898 K  871.23 K  965.11 K  1.06 M  924.83 K  864.8 K  
Average Assets  111.79 B  113.35 B  118.81 B  121.53 B  123.83 B  114.7 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  5.37 B  3.47 B  6.94 B  7.95 B  4.3 B  4.9 B  
Earnings Before Interest Taxes and Depreciation Amortization USD  5.37 B  3.47 B  6.94 B  7.95 B  4.3 B  4.9 B  
Earnings before Tax  4.55 B  2.63 B  5.96 B  6.95 B  2.89 B  3.67 B  
Average Equity  21.83 B  22.84 B  25.01 B  27.16 B  26.73 B  27.06 B  
Enterprise Value  43.23 B  34.45 B  42.47 B  39.69 B  41.02 B  40.98 B  
Free Cash Flow  4.01 B  4.9 B  4.7 B  5.18 B  4.77 B  4.72 B  
Invested Capital  115.97 B  115.67 B  123.7 B  131.13 B  103.15 B  104.46 B  
Invested Capital Average  115.31 B  117.15 B  122.33 B  125.57 B  127.72 B  118.34 B  
Market Capitalization  37.57 B  28.46 B  36.43 B  33.43 B  33.73 B  33.99 B  
Tangible Asset Value  110.24 B  109.72 B  117.41 B  123.62 B  95.94 B  98.22 B 
Allstate Corp ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower socialengagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Allstate Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Allstate Corp's managers, analysts, and investors.Environment Score  Governance Score  Social Score 
Allstate Fundamentals
Return On Equity  0.0023 %  
Return On Asset  0.002 %  
Profit Margin  (0.0041) %  
Operating Margin  0.0072 %  
Current Valuation  41.88 B  
Shares Outstanding  265.21 M  
Shares Owned by Insiders  0.64 %  
Shares Owned by Institutions  81.17 %  
Number of Shares Shorted  3.56 M  
Price to Earning  41.55 X  
Price to Book  1.96 X  
Price to Sales  0.68 X  
Revenue  50.42 B  
Gross Profit  13.97 B  
EBITDA  3.59 B  
Net Income  1.6 B  
Cash and Equivalents  4.83 B  
Cash per Share  18.21 X  
Total Debt  7.98 B  
Debt to Equity  0.45 %  
Current Ratio  0.41 X  
Book Value Per Share  59.03 X  
Cash Flow from Operations  4.97 B  
Short Ratio  1.59 X  
Earnings Per Share  3.21 X  
Price to Earnings To Growth  3.40 X  
Target Price  143.13  
Number of Employees  54.3 K  
Beta  0.63  
Market Capitalization  34.51 B  
Total Asset  99.44 B  
Retained Earnings  47.3 B  
Z Score  2.4  
Annual Yield  0.0255 %  
Five Year Return  2.09 %  
Net Asset  99.44 B  
Last Dividend Paid  3.36 
About Allstate Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allstate Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allstate Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allstate Corp 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.The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois. Allstate Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 54300 people.
Allstate Corp Investors Sentiment
The influence of Allstate Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in Allstate. The overall investor sentiment generally increases the direction of a stock movement in a oneyear investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Allstate Corp's public news can be used to forecast risks associated with investment in Allstate. The trend in average sentiment can be used to explain how an investor holding Allstate can time the market purely based on public headlines and social activities around Allstate Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Allstate Corp'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 Allstate Corp'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 Allstate Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allstate Corp.
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 Allstate Corp 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, Allstate Corp's short interest history, or implied volatility extrapolated from Allstate Corp options trading.
Pair Trading with Allstate Corp
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 Allstate Corp 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 Allstate Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Allstate Corp could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Allstate Corp 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 Allstate Corp  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 Allstate Corp to buy it.
The correlation of Allstate Corp is a statistical measure of how it moves in relation to other equities. 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 Allstate Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allstate Corp 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 Allstate Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Please continue to Allstate Corp Piotroski F Score and Allstate Corp Valuation analysis. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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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 34.5 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.