The Allstate Corporation (ALLpI) — Stock Correlations & Overview
Over the past year, ALLpI has moved most closely with ALLpH, USBpR, USBpQ. Explore the stocks most correlated and inversely correlated with ALLpI below, along with its price, financials, and company profile.
Stocks correlated with ALLpI
Correlation of daily returns. Higher positive values move with ALLpI; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALLpI
| Symbol | Company | Correlation |
|---|---|---|
| ALLpH | 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 | 0.75 |
| 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 | 0.74 |
| 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 | 0.74 |
| 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 | 0.72 |
Most inversely correlated with ALLpI
| Symbol | Company | Correlation |
|---|---|---|
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.44 |
| PFIX | Simplify Interest Rate Hedge ETF | -0.43 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.43 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.42 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.42 |
Frequently asked questions about ALLpI correlations
- Which stocks are most correlated with ALLpI?
- Based on one year of daily returns, the stocks most correlated with The Allstate Corporation (ALLpI) are ALLpH (0.80), USBpR (0.75) and USBpQ (0.74). 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 ALLpI?
- Over the past year, the stocks most inversely correlated with The Allstate Corporation (ALLpI) are TBT (-0.44), PFIX (-0.43) and TMV (-0.43). 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 ALLpI correlations calculated?
- We compute the correlation of daily returns between ALLpI 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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