Allstate Correlations
| ALL Stock | USD 205.57 1.75 0.86% |
The current 90-days correlation between Allstate and Aflac Incorporated is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allstate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Allstate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Allstate Correlation With Market
Significant diversification
The correlation between The Allstate and DJI is 0.05 (i.e., Significant 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.
Moving together with Allstate Stock
| 0.66 | CB | Chubb | PairCorr |
| 0.68 | AIZ | Assurant | PairCorr |
| 0.68 | CNA | CNA Financial | PairCorr |
| 0.87 | THG | Hanover Insurance | PairCorr |
| 0.83 | TRV | The Travelers Companies | PairCorr |
| 0.82 | HGTY | Hagerty | PairCorr |
| 0.72 | DFY | Definity Financial Corp | PairCorr |
Moving against Allstate Stock
| 0.64 | HCI | HCI Group | PairCorr |
| 0.56 | GOCO | GoHealth | PairCorr |
| 0.52 | JD | JD Inc Adr | PairCorr |
| 0.45 | SBRE | Sabre Insurance Group | PairCorr |
| 0.41 | HNHPF | Hon Hai Precision | PairCorr |
| 0.32 | FHELF | First Helium | PairCorr |
| 0.36 | RKLB | Rocket Lab USA Aggressive Push | PairCorr |
| 0.34 | LUMN | Lumen Technologies | PairCorr |
Related Correlations Analysis
| 0.37 | 0.73 | 0.51 | 0.17 | 0.54 | 0.37 | AFL | ||
| 0.37 | 0.74 | 0.9 | 0.16 | 0.88 | -0.35 | CB | ||
| 0.73 | 0.74 | 0.83 | 0.19 | 0.88 | 0.0 | CINF | ||
| 0.51 | 0.9 | 0.83 | 0.4 | 0.95 | -0.16 | HIG | ||
| 0.17 | 0.16 | 0.19 | 0.4 | 0.23 | 0.04 | PGR | ||
| 0.54 | 0.88 | 0.88 | 0.95 | 0.23 | -0.11 | TRV | ||
| 0.37 | -0.35 | 0.0 | -0.16 | 0.04 | -0.11 | WRB | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Allstate 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFL | 0.75 | (0.02) | (0.09) | (0.03) | 0.90 | 1.73 | 4.04 | |||
| CB | 0.79 | 0.16 | 0.09 | 1.23 | 0.85 | 2.32 | 4.86 | |||
| CINF | 0.86 | (0.04) | 0.00 | (0.56) | 0.00 | 1.67 | 4.97 | |||
| HIG | 0.79 | 0.03 | (0.01) | 0.18 | 1.06 | 1.96 | 5.53 | |||
| PGR | 1.09 | (0.14) | 0.00 | (1.42) | 0.00 | 1.91 | 7.52 | |||
| TRV | 0.82 | 0.03 | (0.01) | 0.15 | 1.05 | 1.63 | 5.27 | |||
| WRB | 0.99 | (0.12) | 0.00 | 1.43 | 0.00 | 1.72 | 9.24 |