Allstate Corp Correlations

ALS Stock

EUR 174.05 1.05 0.61%

The current 90-days correlation between Allstate Corp and PT Bank Mandiri is 0.05 (i.e., Significant diversification). The correlation of Allstate Corp 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 Corp Correlation With Market

Excellent diversification

The correlation between Allstate Corp and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allstate Corp and DJI in the same portfolio, assuming nothing else is changed.

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.

Moving together with Allstate Stock

0.86	BRYN	Berkshire Hathaway Earnings Call This Week	Pair Corr
0.77	BRH	Berkshire Hathaway Earnings Call This Week	Pair Corr
0.85	BRYN	Berkshire Hathaway Earnings Call This Week	Pair Corr

Moving against Allstate Stock

0.77	NE0	NEXA RESOURCES SA Earnings Call This Week	Pair Corr
0.76	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.69	C43	Cosmo Pharmaceuticals	Pair Corr
0.67	WHX	APRANGA AB EO Earnings Call This Week	Pair Corr
0.67	4OQ1	AGNC Investment Corp	Pair Corr
0.57	OTP	OTP Bank Nyrt	Pair Corr
0.57	SHF	SNP Schneider Neurei	Pair Corr
0.52	FXI	FLEXTRONICS INTL	Pair Corr
0.52	O7D	Arctic Fox Lithium	Pair Corr
0.51	GZM0	FEEDBACK PLC LS	Pair Corr
0.42	SHG	Sun Hung Kai Earnings Call This Week	Pair Corr
0.4	CIE1	Ciena	Pair Corr
0.35	L3XC	Centrais Elétricas Earnings Call This Week	Pair Corr
0.32	UK8	CubeSmart Earnings Call This Week	Pair Corr
0.31	D2G	Orsted AS	Pair Corr
0.74	KIN2	Kinross Gold	Pair Corr
0.71	CE9	CAE Inc	Pair Corr
0.65	W25	West African Resources	Pair Corr
0.65	BFP	BBVA Banco Frances Earnings Call Next Week	Pair Corr
0.63	FUCA	FANUC PUNSPADR 110	Pair Corr
0.61	CW2	Consolidated Water	Pair Corr
0.55	TWZ	Trican Well Service	Pair Corr
0.53	TEX	Castellum AB	Pair Corr
0.52	DBPE	Xtrackers LevDAX	Pair Corr

Related Correlations Analysis

	PQ9	PQ90	BYRA	SSUN	SSU	SSUN	SSU	BZG2	TCID	PTI
PQ9		0.23	0.18	0.12	0.14	0.17	0.17	-0.01	-0.17	-0.06	PQ9
PQ90	0.23		-0.11	0.32	0.31	0.31	0.31	-0.08	-0.08	-0.11	PQ90
BYRA	0.18	-0.11		0.44	0.45	0.45	0.46	-0.45	-0.18	-0.15	BYRA
SSUN	0.12	0.32	0.44		0.99	0.99	0.98	-0.78	-0.31	-0.43	SSUN
SSU	0.14	0.31	0.45	0.99		0.99	0.99	-0.79	-0.33	-0.44	SSU
SSUN	0.17	0.31	0.45	0.99	0.99		0.99	-0.79	-0.34	-0.42	SSUN
SSU	0.17	0.31	0.46	0.98	0.99	0.99		-0.79	-0.35	-0.43	SSU
BZG2	-0.01	-0.08	-0.45	-0.78	-0.79	-0.79	-0.79		0.32	0.48	BZG2
TCID	-0.17	-0.08	-0.18	-0.31	-0.33	-0.34	-0.35	0.32		0.67	TCID
PTI	-0.06	-0.11	-0.15	-0.43	-0.44	-0.42	-0.43	0.48	0.67		PTI
	PQ9	PQ90	BYRA	SSUN	SSU	SSUN	SSU	BZG2	TCID	PTI

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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

SSU	+ 0.99	SSUN
SSUN	+ 0.99	SSUN
SSUN	+ 0.99	SSU
SSU	+ 0.99	SSU
SSU	+ 0.99	SSUN
SSU	+ 0.98	SSUN

High negative correlations

BZG2	- 0.79	SSU
BZG2	- 0.79	SSUN
BZG2	- 0.79	SSU
BZG2	- 0.78	SSUN
BZG2	- 0.45	BYRA
PTI	- 0.44	SSU

Risk-Adjusted Indicators

There is a big difference between Allstate Stock performing well and Allstate Corp 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 Corp'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
PQ9	4.85	0.25	0.03	0.17	5.73	(9.30)	17.39	(14.29)	40.26
PQ90	3.03	0.29	0.05	(10.68)	3.95	(4.01)	11.49	(9.09)	42.92
BYRA	3.70	0.31	0.02	(0.14)	4.07	(7.41)	11.11	(10.00)	26.67
SSUN	2.61	0.83	0.27	1.18	2.32	(2.99)	6.04	(4.93)	14.94
SSU	2.95	1.06	0.36	5.40	2.24	(3.73)	7.66	(4.89)	15.03
SSUN	2.47	0.96	0.29	(0.98)	2.09	(2.91)	6.10	(4.11)	13.83
SSU	2.84	1.07	0.35	(1.43)	2.00	(3.83)	6.22	(3.69)	15.50
BZG2	2.91	(0.16)	0.00	(7.36)	0.00	0.00	7.50	(7.69)	22.82
TCID	4.01	0.13	0.01	0.65	5.37	(10.33)	12.50	(15.00)	35.42
PTI	1.49	(0.03)	(0.03)	(0.03)	2.44	(1.64)	3.47	(2.73)	16.77

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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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Allstate Corp Corporate Management

Elected by the shareholders, the Allstate Corp's board of directors comprises two types of representatives: Allstate Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Allstate. The board's role is to monitor Allstate Corp's management team and ensure that shareholders' interests are well served. Allstate Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Allstate Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

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