Allete Inc Stock Technical Analysis
| ALE Stock | USD 64.35 0.02 0.03% |
As of the 22nd of November, Allete shows the Downside Deviation of 0.2289, risk adjusted performance of 0.0919, and Mean Deviation of 0.2299. Allete Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Allete Inc treynor ratio, and the relationship between the variance and potential upside to decide if Allete Inc is priced correctly, providing market reflects its regular price of 64.35 per share. Given that Allete has jensen alpha of 0.0172, we suggest you to validate Allete Inc's prevailing market performance to make sure the company can sustain itself at a future point.
Allete Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Allete, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlleteAllete |
Allete Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 59.67 | Buy | 4 | Odds |
Most Allete analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Allete stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Allete Inc, talking to its executives and customers, or listening to Allete conference calls.
Allete technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Allete Inc Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Allete Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Allete Inc Trend Analysis
Use this graph to draw trend lines for Allete Inc. You can use it to identify possible trend reversals for Allete as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Allete price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Allete Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Allete Inc applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that Allete Inc will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 21.05, which is the sum of squared deviations for the predicted Allete price change compared to its average price change.About Allete Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Allete Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Allete Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Allete Inc price pattern first instead of the macroeconomic environment surrounding Allete Inc. By analyzing Allete's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Allete's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Allete specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0379 | 0.0405 | 0.0444 | 0.0611 | Price To Sales Ratio | 2.45 | 2.3 | 1.86 | 0.99 |
Allete November 22, 2024 Technical Indicators
Most technical analysis of Allete help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Allete from various momentum indicators to cycle indicators. When you analyze Allete charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0919 | |||
| Market Risk Adjusted Performance | 0.2253 | |||
| Mean Deviation | 0.2299 | |||
| Semi Deviation | 0.0475 | |||
| Downside Deviation | 0.2289 | |||
| Coefficient Of Variation | 709.69 | |||
| Standard Deviation | 0.2979 | |||
| Variance | 0.0888 | |||
| Information Ratio | (0.23) | |||
| Jensen Alpha | 0.0172 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.2153 | |||
| Maximum Drawdown | 1.38 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.5383 | |||
| Downside Variance | 0.0524 | |||
| Semi Variance | 0.0023 | |||
| Expected Short fall | (0.29) | |||
| Skewness | 0.7701 | |||
| Kurtosis | 0.557 |
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 | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |