Allete Inc Stock Performance
| ALE Stock | USD 64.93 0.58 0.90% |
Allete has a performance score of 14 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allete's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allete is expected to be smaller as well. Allete Inc right now shows a risk of 0.32%. Please confirm Allete Inc jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Allete Inc will be following its price patterns.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Allete Inc are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound essential indicators, Allete is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Actual Historical Performance (%)
One Day Return 0.25 | Five Day Return 0.5 | Year To Date Return 3.56 | Ten Year Return 27.64 | All Time Return 1.1 K |
Forward Dividend Yield 0.0438 | Payout Ratio 0.9038 | Last Split Factor 1:3 | Forward Dividend Rate 2.82 | Dividend Date 2024-12-01 |
1 | Acquisition by Charlene Thomas of 1585 shares of Allete subject to Rule 16b-3 | 09/03/2024 |
2 | New Energy Equity achieves Gold Certification for advancements on DEIJ issues | 09/17/2024 |
3 | Insider Trading | 09/19/2024 |
4 | Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy | 09/23/2024 |
5 | Point72 DIFC Ltd Buys New Stake in ALLETE, Inc. - MarketBeat | 09/26/2024 |
6 | ALLETE to Announce Third Quarter Financial Results October 30 | 10/04/2024 |
7 | ALLETE Coverage Initiated at StockNews.com | 10/18/2024 |
8 | Acquisition by Matthews Charles R of 1481 shares of Allete subject to Rule 16b-3 | 10/22/2024 |
9 | Minnesota Powers Agreement With Stakeholders on Lower Rate Increase Approved by Minnesota Public Utilities Commission | 10/24/2024 |
10 | ALLETE Q3 2024 Earnings Preview | 10/29/2024 |
11 | Is ALLETE, Inc. Among The Top Dividend Contenders Right Now | 11/13/2024 |
12 | Short Interest in ALLETE, Inc. Declines By 10.8 | 11/18/2024 |
13 | ALLETE, Inc. Shares Sold by Segall Bryant Hamill LLC - MarketBeat | 11/21/2024 |
| Begin Period Cash Flow | 40.2 M |
Allete |
Allete Relative Risk vs. Return Landscape
If you would invest 6,256 in Allete Inc on August 24, 2024 and sell it today you would earn a total of 237.00 from holding Allete Inc or generate 3.79% return on investment over 90 days. Allete Inc is generating 0.0586% of daily returns assuming volatility of 0.3204% on return distribution over 90 days investment horizon. In other words, 2% of stocks are less volatile than Allete, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Allete Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allete's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Allete Inc, and traders can use it to determine the average amount a Allete's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.183
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | ALE | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.32 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Allete is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Allete by adding it to a well-diversified portfolio.
Allete Fundamentals Growth
Allete Stock prices reflect investors' perceptions of the future prospects and financial health of Allete, and Allete fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Allete Stock performance.
| Return On Equity | 0.0355 | ||||
| Return On Asset | 0.0169 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 5.42 B | ||||
| Shares Outstanding | 57.82 M | ||||
| Price To Earning | 19.79 X | ||||
| Price To Book | 1.31 X | ||||
| Price To Sales | 2.37 X | ||||
| Revenue | 1.88 B | ||||
| Gross Profit | 446.8 M | ||||
| EBITDA | 539.4 M | ||||
| Net Income | 247.1 M | ||||
| Cash And Equivalents | 36.4 M | ||||
| Cash Per Share | 1.31 X | ||||
| Total Debt | 1.79 B | ||||
| Debt To Equity | 0.59 % | ||||
| Current Ratio | 0.93 X | ||||
| Book Value Per Share | 48.97 X | ||||
| Cash Flow From Operations | 585.3 M | ||||
| Earnings Per Share | 3.12 X | ||||
| Market Capitalization | 3.72 B | ||||
| Total Asset | 6.66 B | ||||
| Retained Earnings | 1.03 B | ||||
| Working Capital | 90.5 M | ||||
| Current Asset | 371 M | ||||
| Current Liabilities | 274.8 M | ||||
About Allete Performance
By analyzing Allete's fundamental ratios, stakeholders can gain valuable insights into Allete's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Allete has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Allete has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 39.00 | 40.64 | |
| Return On Tangible Assets | 0.04 | 0.04 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0.04 | 0.04 | |
| Return On Equity | 0.09 | 0.10 |
Things to note about Allete Inc performance evaluation
Checking the ongoing alerts about Allete for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Allete Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Allete Inc has 1.79 B in debt with debt to equity (D/E) ratio of 0.6, which is OK given its current industry classification. Allete Inc has a current ratio of 0.91, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Allete to invest in growth at high rates of return. | |
| Allete Inc has a strong financial position based on the latest SEC filings | |
| Over 75.0% of Allete shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: ALLETE, Inc. Shares Sold by Segall Bryant Hamill LLC - MarketBeat |
- Analyzing Allete's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Allete's stock is overvalued or undervalued compared to its peers.
- Examining Allete's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Allete's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Allete's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Allete's stock. These opinions can provide insight into Allete's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Allete Stock analysis
When running Allete's price analysis, check to measure Allete'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 Allete is operating at the current time. Most of Allete's value examination focuses on studying past and present price action to predict the probability of Allete's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allete's price. Additionally, you may evaluate how the addition of Allete to your portfolios can decrease your overall portfolio volatility.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |