Which stocks are most correlated with ALLpH?

Based on one year of daily returns, the stocks most correlated with The Allstate Corporation (ALLpH) are USBpQ (0.80), ALLpI (0.80) and USBpR (0.78). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with ALLpH?

Over the past year, the stocks most inversely correlated with The Allstate Corporation (ALLpH) are RWM (-0.45), SRTY (-0.45) and TWM (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

The Allstate Corporation (ALLpH) — Stock Correlations & Overview

Over the past year, ALLpH has moved most closely with USBpQ, ALLpI, USBpR. Explore the stocks most correlated and inversely correlated with ALLpH below, along with its price, financials, and company profile.

Stocks correlated with ALLpH

Correlation of daily returns. Higher positive values move with ALLpH; negative values move opposite it. Informational only, not investment advice.

Most correlated with ALLpH

Symbol	Company	Correlation
USBpQ	U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS	0.80
ALLpI	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.80
USBpR	U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series M Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS	0.78
USBpS	U.S. Bancorp Depositary Shares, each representing a 1/1, 000th interest in a share of Series O Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS	0.76
MSpL	Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.875% Non-Cumulative Preferred Stock, Series LSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.76

Most inversely correlated with ALLpH

Symbol	Company	Correlation
RWM	ProShares Short Russell2000	-0.45
SRTY	ProShares UltraPro Short Russell2000	-0.45
TWM	ProShares UltraShort Russell2000	-0.45
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.45
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.44

Frequently asked questions about ALLpH correlations

Which stocks are most correlated with ALLpH?: Based on one year of daily returns, the stocks most correlated with The Allstate Corporation (ALLpH) are USBpQ (0.80), ALLpI (0.80) and USBpR (0.78). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with ALLpH?: Over the past year, the stocks most inversely correlated with The Allstate Corporation (ALLpH) are RWM (-0.45), SRTY (-0.45) and TWM (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these ALLpH correlations calculated?: We compute the correlation of daily returns between ALLpH and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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