Allstate Correlations

ALL Stock

USD 202.29 4.28 2.16%

The current 90-days correlation between Allstate and Aflac Incorporated is 0.52 (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

Modest diversification

The correlation between The Allstate and DJI is 0.22 (i.e., Modest 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 inflation.

Moving together with Allstate Stock

0.77	PGR	Progressive Corp	Pair Corr
0.62	RLI	RLI Corp Normal Trading	Pair Corr

Moving against Allstate Stock

0.72	601319	Peoples Insurance	Pair Corr
0.41	HCI	HCI Group	Pair Corr
0.33	AII	American Integrity Normal Trading	Pair Corr
0.47	WTM	White Mountains Insurance	Pair Corr
0.45	UVE	Universal Insurance Normal Trading	Pair Corr
0.38	IAGPE	Insurance Australia	Pair Corr

Related Correlations Analysis

	AFL	CB	CINF	HIG	PGR	TRV	WRB
AFL		0.75	0.88	0.32	-0.12	0.76	0.83	AFL
CB	0.75		0.82	0.25	-0.17	0.72	0.74	CB
CINF	0.88	0.82		0.22	-0.17	0.73	0.84	CINF
HIG	0.32	0.25	0.22		0.82	0.65	0.14	HIG
PGR	-0.12	-0.17	-0.17	0.82		0.2	-0.12	PGR
TRV	0.76	0.72	0.73	0.65	0.2		0.58	TRV
WRB	0.83	0.74	0.84	0.14	-0.12	0.58		WRB
	AFL	CB	CINF	HIG	PGR	TRV	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

CINF	+ 0.88	AFL
WRB	+ 0.84	CINF
WRB	+ 0.83	AFL
CINF	+ 0.82	CB
PGR	+ 0.82	HIG
TRV	+ 0.76	AFL

High negative correlations

PGR	- 0.17	CINF
PGR	- 0.17	CB
WRB	- 0.12	PGR
PGR	- 0.12	AFL

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	0.83	0.14	0.08	0.47	0.75	(0.95)	1.72	(1.22)	4.88
CB	0.79	0.08	0.01	0.44	0.90	(0.90)	2.15	(1.36)	5.77
CINF	0.92	0.04	0.03	0.14	1.18	(0.89)	1.73	(2.00)	6.66
HIG	0.77	(0.03)	(0.06)	0.05	1.10	(0.74)	1.58	(1.92)	5.53
PGR	1.07	(0.20)	0.00	(0.80)	0.00	0.00	1.75	(2.12)	8.31
TRV	0.90	0.01	(0.01)	0.10	1.01	(1.05)	2.04	(1.57)	5.56
WRB	0.88	0.06	0.01	0.23	1.26	(0.85)	2.07	(1.88)	5.96

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