Allete Inc Stock Alpha and Beta Analysis
| ALE Stock | USD 64.87 0.01 0.02% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Allete Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Allete over a specified time horizon. Remember, high Allete's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Allete's market risk premium analysis include:
Beta 0.0883 | Alpha 0.0353 | Risk 0.32 | Sharpe Ratio 0.16 | Expected Return 0.0497 |
Allete Quarterly Cash And Equivalents |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Allete |
Allete Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Allete market risk premium is the additional return an investor will receive from holding Allete long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Allete. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Allete's performance over market.| α | 0.04 | β | 0.09 |
Allete expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Allete's Buy-and-hold return. Our buy-and-hold chart shows how Allete performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Allete Market Price Analysis
Market price analysis indicators help investors to evaluate how Allete stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allete shares will generate the highest return on investment. By understating and applying Allete stock market price indicators, traders can identify Allete position entry and exit signals to maximize returns.
Allete Return and Market Media
The median price of Allete for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 63.51 with a coefficient of variation of 0.93. The daily time series for the period is distributed with a sample standard deviation of 0.59, arithmetic mean of 63.54, and mean deviation of 0.44. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Insider Trading | 09/19/2024 |
2 | Allete to build two large solar projects in northern Minnesota | 09/23/2024 |
3 | Skandinaviska Enskilda Banken AB publ Invests 1.87 Million in ALLETE, Inc. - MarketBeat | 09/24/2024 |
4 | ALLETE Stock Rating Upgraded by Sidoti | 10/02/2024 |
5 | New Energy Equity completes development of 14 Public Storage projects in Minnesota | 10/17/2024 |
6 | Acquisition by Matthews Charles R of 1481 shares of Allete subject to Rule 16b-3 | 10/22/2024 |
7 | Minnesota Powers Agreement With Stakeholders on Lower Rate Increase Approved by Minnesota Public Utilities Commission | 10/24/2024 |
8 | ALLETE declares 0.705 dividend | 10/25/2024 |
9 | ALLETE, Inc. reports third quarter 2024 earnings | 10/30/2024 |
10 | Earnings call Beauty Health reports Q3 decline, eyes strategic growth | 11/13/2024 |
11 | Quest Partners LLC Expands Stake in ALLETE, Inc. | 11/19/2024 |
About Allete Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Allete or other stocks. Alpha measures the amount that position in Allete Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0379 | 0.0405 | 0.0444 | 0.0611 | Price To Sales Ratio | 2.45 | 2.3 | 1.86 | 0.99 |
Allete Upcoming Company Events
As portrayed in its financial statements, the presentation of Allete's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Allete's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Allete's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Allete. Please utilize our Beneish M Score to check the likelihood of Allete's management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Allete
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Allete Backtesting, Allete Valuation, Allete Correlation, Allete Hype Analysis, Allete Volatility, Allete History and analyze Allete Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Allete technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.