Allstate Return On Equity from 2010 to 2024
| ALL Stock | USD 170.07 2.27 1.32% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.01) | Current Value (0.01) | Quarterly Volatility 0.09552889 |
Check Allstate financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allstate main balance sheet or income statement drivers, such as Depreciation And Amortization of 739.2 M, Interest Expense of 299.1 M or Total Revenue of 37 B, as well as many exotic indicators such as Price To Sales Ratio of 0.89, Dividend Yield of 0.0186 or PTB Ratio of 1.62. Allstate financial statements analysis is a perfect complement when working with Allstate Valuation or Volatility modules.
Allstate | Return On Equity |
Latest Allstate's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of The Allstate over the last few years. Return on Equity is the amount of Allstate net income returned as a percentage of Allstate equity. Return on equity measures Allstate profitability by revealing how much profit The Allstate generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Allstate's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allstate's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.0122 | 10 Years Trend |
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Return On Equity |
| Timeline |
Allstate Return On Equity Regression Statistics
| Arithmetic Mean | 0.08 | |
| Geometric Mean | 0.08 | |
| Coefficient Of Variation | 120.14 | |
| Mean Deviation | 0.08 | |
| Median | 0.11 | |
| Standard Deviation | 0.1 | |
| Sample Variance | 0.01 | |
| Range | 0.3199 | |
| R-Value | 0.03 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0 | |
| Significance | 0.91 | |
| Slope | 0.0007 | |
| Total Sum of Squares | 0.13 |
Allstate Return On Equity History
About Allstate Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Allstate income statement, its balance sheet, and the statement of cash flows. Allstate investors use historical funamental indicators, such as Allstate's Return On Equity, to determine how well the company is positioned to perform in the future. Although Allstate investors may use each financial statement separately, they are all related. The changes in Allstate's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allstate's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Allstate Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Allstate. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.01) | (0.01) |
Pair Trading with Allstate
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allstate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allstate will appreciate offsetting losses from the drop in the long position's value.Moving together with Allstate Stock
| 0.64 | L | Loews Corp | PairCorr |
| 0.86 | FRFHF | Fairfax Financial | PairCorr |
| 0.7 | AFG | American Financial Financial Report 7th of May 2024 | PairCorr |
Moving against Allstate Stock
| 0.67 | FACO | First Acceptance Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Allstate 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 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 - 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 The Allstate to buy it.
The correlation of Allstate 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 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 Allstate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allstate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Allstate Correlation against competitors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Allstate Stock analysis
When running Allstate's price analysis, check to measure Allstate'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 Allstate is operating at the current time. Most of Allstate's value examination focuses on studying past and present price action to predict the probability of Allstate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allstate's price. Additionally, you may evaluate how the addition of Allstate to your portfolios can decrease your overall portfolio volatility.
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Is Allstate's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allstate. If investors know Allstate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allstate listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.68) | Dividend Share 3.56 | Earnings Share (1.21) | Revenue Per Share 217.501 | Quarterly Revenue Growth 0.087 |
The market value of Allstate is measured differently than its book value, which is the value of Allstate that is recorded on the company's balance sheet. Investors also form their own opinion of Allstate's value that differs from its market value or its book value, called intrinsic value, which is Allstate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allstate's market value can be influenced by many factors that don't directly affect Allstate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allstate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allstate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allstate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.