Allstate Correlations

ALL Stock

USD 198.99 0.60 0.30%

The current 90-days correlation between Allstate and Bank of America is -0.28 (i.e., Very good 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

Good diversification

The correlation between The Allstate and DJI is -0.18 (i.e., Good 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.

Build AI portfolio with Allstate Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Allstate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Allstate Stock

0.68	MKL	Markel Earnings Call This Week	Pair Corr
0.83	PGR	Progressive Corp Sell-off Trend	Pair Corr
0.73	RLI	RLI Corp	Pair Corr
0.86	TRV	The Travelers Companies	Pair Corr
0.82	CINF	Cincinnati Financial	Pair Corr
0.8	DGICA	Donegal Group A	Pair Corr

Moving against Allstate Stock

0.65	KFS	Kingsway Financial	Pair Corr
0.45	ODC	Oil Dri	Pair Corr
0.77	ELUT	Elutia Inc	Pair Corr
0.67	NKTX	Nkarta Inc	Pair Corr
0.65	MMC	MMC Old Symbol Change	Pair Corr
0.42	FTAI	FTAI Aviation	Pair Corr
0.4	LILIF	Argentina Lithium Energy	Pair Corr
0.38	GLDG	GoldMining	Pair Corr
0.31	BNAI	Brand Engagement Network Trending	Pair Corr

Related Correlations Analysis

	BAC-PE	COKE	MRK	ESLT	IDCC	ZKH	VMGRX	COLA	MPIEX	KOF
BAC-PE		-0.72	-0.62	-0.19	0.63	-0.53	-0.45	-0.07	-0.35	-0.29	BAC-PE
COKE	-0.72		0.46	-0.04	-0.44	0.22	-0.02	0.11	0.13	0.11	COKE
MRK	-0.62	0.46		0.78	-0.85	0.82	0.76	0.56	0.86	0.77	MRK
ESLT	-0.19	-0.04	0.78		-0.71	0.71	0.87	0.75	0.93	0.93	ESLT
IDCC	0.63	-0.44	-0.85	-0.71		-0.7	-0.71	-0.44	-0.74	-0.64	IDCC
ZKH	-0.53	0.22	0.82	0.71	-0.7		0.75	0.51	0.82	0.72	ZKH
VMGRX	-0.45	-0.02	0.76	0.87	-0.71	0.75		0.53	0.84	0.82	VMGRX
COLA	-0.07	0.11	0.56	0.75	-0.44	0.51	0.53		0.75	0.84	COLA
MPIEX	-0.35	0.13	0.86	0.93	-0.74	0.82	0.84	0.75		0.92	MPIEX
KOF	-0.29	0.11	0.77	0.93	-0.64	0.72	0.82	0.84	0.92		KOF
	BAC-PE	COKE	MRK	ESLT	IDCC	ZKH	VMGRX	COLA	MPIEX	KOF

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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

MPIEX	+ 0.93	ESLT
KOF	+ 0.93	ESLT
KOF	+ 0.92	MPIEX
VMGRX	+ 0.87	ESLT
MPIEX	+ 0.86	MRK
MPIEX	+ 0.84	VMGRX

High negative correlations

IDCC	- 0.85	MRK
MPIEX	- 0.74	IDCC
COKE	- 0.72	BAC-PE
VMGRX	- 0.71	IDCC
IDCC	- 0.71	ESLT
ZKH	- 0.7	IDCC

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
BAC-PE	0.55	(0.10)	0.00	(0.42)	0.00	0.00	0.87	(1.49)	2.96
COKE	1.15	0.25	0.14	(1.54)	1.12	(1.25)	3.53	(2.25)	9.33
MRK	1.26	0.30	0.21	0.47	1.14	(1.53)	3.59	(1.98)	8.09
ESLT	1.62	0.57	0.30	1.20	1.33	(1.86)	3.77	(2.68)	10.89
IDCC	1.97	(0.18)	0.00	(0.96)	0.00	0.00	3.53	(4.57)	17.55
ZKH	1.97	0.23	0.06	0.52	2.82	(2.59)	6.38	(3.63)	25.66
VMGRX	1.15	0.24	0.18	0.39	0.90	(1.52)	1.64	(1.86)	21.91
COLA	0.20	0.02	(0.08)	0.25	0.00	(0.37)	0.47	(0.38)	1.83
MPIEX	0.60	0.13	0.18	0.27	0.38	(0.71)	1.22	(1.05)	4.68
KOF	1.13	0.27	0.20	0.86	0.98	(1.36)	2.76	(1.79)	5.77

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