Allstate Stock Market Value

ALL
 Stock
  

USD 128.55  1.48  1.14%   

Allstate Corp's market value is the price at which a share of Allstate Corp stock trades on a public exchange. It measures the collective expectations of Allstate Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Allstate Corp and determine expected loss or profit from investing in Allstate Corp over a given investment horizon. Please continue to Allstate Corp Correlation, Allstate Corp Volatility and Allstate Corp Alpha and Beta module to complement your research on Allstate Corp.
Symbol


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
0.0247
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.

Allstate Corp 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Allstate Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Allstate Corp.
0.00
09/11/2022
No Change 0.00  0.0 
In 2 months and 31 days
12/10/2022
0.00
If you would invest  0.00  in Allstate Corp on September 11, 2022 and sell it all today you would earn a total of 0.00 from holding Allstate Corp or generate 0.0% return on investment in Allstate Corp over 90 days. Allstate Corp is related to or competes with Ameriprise Financial, Atlas Corp, Apollo Global, Legal General, Bank of New York, and Investor. The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products i... More

Allstate Corp Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Allstate Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Allstate Corp upside and downside potential and time the market with a certain degree of confidence.

Allstate Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Allstate Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allstate Corp's standard deviation. In reality, there are many statistical measures that can use Allstate Corp historical prices to predict the future Allstate Corp's volatility.
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
125.92128.34130.76
Details
Intrinsic
Valuation
LowReal ValueHigh
115.70131.17133.59
Details
Naive
Forecast
LowNext ValueHigh
118.99121.41123.83
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 Backtested Returns

We consider Allstate Corp very steady. Allstate Corp secures Sharpe Ratio (or Efficiency) of 0.0238, which signifies that the company had 0.0238% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Allstate Corp, which you can use to evaluate the future volatility of the firm. Please confirm Allstate Corp Mean Deviation of 1.56, downside deviation of 2.79, and Risk Adjusted Performance of 0.0644 to double-check if the risk estimate we provide is consistent with the expected return of 0.0576%.
Allstate Corp has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.8377, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Allstate's beta means in this case. As returns on the market increase, Allstate Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Allstate Corp will be expected to be smaller as well. Although it is important to respect Allstate Corp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Allstate Corp technical indicators, you can presently evaluate if the expected return of 0.0576% will be sustainable into the future. Allstate Corp right now shows a risk of 2.42%. Please confirm Allstate Corp total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power to decide if Allstate Corp will be following its price patterns.

Auto-correlation

    
  0.33  

Below average predictability

Allstate Corp has below average predictability. Overlapping area represents the amount of predictability between Allstate Corp time series from 11th of September 2022 to 26th of October 2022 and 26th of October 2022 to 10th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Allstate Corp price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Allstate Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.33
Spearman Rank Test-0.11
Residual Average0.0
Price Variance12.55

Allstate Corp lagged returns against current returns

Autocorrelation, which is Allstate Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Allstate Corp's stock expected returns. We can calculate the autocorrelation of Allstate Corp returns to help us make a trade decision. For example, suppose you find that Allstate Corp stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Allstate Corp regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Allstate Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allstate Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allstate Corp stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Allstate Corp Lagged Returns

When evaluating Allstate Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allstate Corp stock have on its future price. Allstate Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Allstate Corp autocorrelation shows the relationship between Allstate Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Allstate Corp.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Allstate Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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 tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough 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 risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Allstate Corp Correlation, Allstate Corp Volatility and Allstate Corp Alpha and Beta module to complement your research on Allstate Corp. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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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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Allstate Corp 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 Allstate Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allstate Corp 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...