Allstate Correlations
| ALL-PI Preferred Stock | USD 20.39 0.04 0.20% |
The current 90-days correlation between Allstate and The Allstate is 0.18 (i.e., Average diversification). The correlation of Allstate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Allstate Correlation With Market
Average diversification
The correlation between The Allstate and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Allstate and DJI in the same portfolio, assuming nothing else is changed.
Allstate |
The ability to find closely correlated positions to Allstate 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 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 - 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 The Allstate to buy it.
Moving together with Allstate Preferred Stock
Moving against Allstate Preferred Stock
| 0.76 | MKL | Markel | PairCorr |
| 0.68 | FRFHF | Fairfax Financial | PairCorr |
| 0.56 | GBLI | Global Indemnity PLC | PairCorr |
| 0.53 | BOW | Bowhead Specialty | PairCorr |
| 0.5 | AFG | American Financial | PairCorr |
| 0.5 | AIZ | Assurant | PairCorr |
| 0.49 | L | Loews Corp | PairCorr |
| 0.39 | ORI | Old Republic Interna Earnings Call This Week | PairCorr |
| 0.8 | KINS | Kingstone Companies | PairCorr |
| 0.71 | PLMR | Palomar Holdings Normal Trading | PairCorr |
| 0.66 | LMND | Lemonade | PairCorr |
| 0.57 | HIPO | Hippo Holdings | PairCorr |
| 0.57 | ACIC | American Coastal Ins | PairCorr |
| 0.54 | ROOT | Root Inc | PairCorr |
| 0.5 | HRTG | Heritage Insurance Hldgs | PairCorr |
| 0.42 | WTM | White Mountains Insurance | PairCorr |
Related Correlations Analysis
| 0.78 | 0.79 | 0.77 | 0.92 | ALL-PH | ||
| 0.78 | 0.7 | 0.58 | 0.72 | MET-PF | ||
| 0.79 | 0.7 | 0.72 | 0.82 | BAC-PN | ||
| 0.77 | 0.58 | 0.72 | 0.77 | COF-PI | ||
| 0.92 | 0.72 | 0.82 | 0.77 | WFC-PZ | ||
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Risk-Adjusted Indicators
There is a big difference between Allstate Preferred Stock performing well and Allstate Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Allstate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALL-PH | 0.91 | (0.10) | 0.00 | (0.23) | 0.00 | 1.64 | 6.10 | |||
| MET-PF | 0.83 | (0.14) | 0.00 | (0.58) | 0.00 | 1.99 | 4.98 | |||
| BAC-PN | 0.64 | (0.09) | 0.00 | (2.20) | 0.00 | 1.18 | 3.43 | |||
| COF-PI | 0.92 | (0.10) | 0.00 | (0.25) | 0.00 | 2.32 | 5.33 | |||
| WFC-PZ | 0.62 | (0.07) | 0.00 | (0.19) | 0.00 | 1.41 | 3.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Allstate 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.Did you try this?
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Allstate Corporate Management
| Russell Mayerfeld | Managing Director | Profile | |
| Peter CFA | Managing Investing | Profile | |
| Lewis Solimene | Managing Team | Profile | |
| Thomas II | Pres Chairman | Profile | |
| Samuel Pilch | Group Company | Profile | |
| Robert Toohey | Ex Officer | Profile | |
| Steven Sorenson | Exec Transformation | Profile |