Allstate Stock Forecast - Price Action Indicator
| ALL Stock | USD 165.06 1.94 1.19% |
Allstate Stock Forecast is based on your current time horizon.
Allstate |
Most investors in Allstate cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Allstate's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Allstate's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (1.89) | (1.58) |
| Check Allstate Volatility | Backtest Allstate | Trend Details |
Allstate Trading Date Momentum
| On February 07 2024 The Allstate was traded for 156.81 at the closing time. Highest Allstate's price during the trading hours was 159.33 and the lowest price during the day was 156.81 . The net volume was 1.9 M. The overall trading history on the 7th of February contributed to the next trading period price upswing. The overall trading delta to the next next day price was 0.80% . The trading price change to current price is 3.36% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Allstate
For every potential investor in Allstate, whether a beginner or expert, Allstate's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Allstate Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Allstate. Basic forecasting techniques help filter out the noise by identifying Allstate's price trends.Allstate Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Allstate stock to make a market-neutral strategy. Peer analysis of Allstate could also be used in its relative valuation, which is a method of valuing Allstate by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Allstate Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Allstate's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Allstate's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Allstate Market Strength Events
Market strength indicators help investors to evaluate how Allstate stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allstate shares will generate the highest return on investment. By undertsting and applying Allstate stock market strength indicators, traders can identify The Allstate entry and exit signals to maximize returns.
Allstate Risk Indicators
The analysis of Allstate's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Allstate's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting allstate stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.962 | |||
| Semi Deviation | 1.03 | |||
| Standard Deviation | 1.23 | |||
| Variance | 1.5 | |||
| Downside Variance | 1.22 | |||
| Semi Variance | 1.05 | |||
| Expected Short fall | (1.13) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in Allstate Stock
When determining whether Allstate is a strong investment it is important to analyze Allstate's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allstate's future performance. For an informed investment choice regarding Allstate Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Allstate to cross-verify your projections. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Insurance space 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.
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.