Back

Bullish Case: Allstate shows resilience with strategic initiatives driving growth, evident in recent augmented reality crash scene patent applications enhancing claim processes, improving efficiency. Upbeat analyst upgrades forecast a positive trajectory, backed by favorable market responses to insurance innovations.


Bearish Case: Allstate faces significant challenges from increased catastrophic losses and regulatory hurdles. Persistent legal issues and exposure to volatile markets may continue to pressure profitability and overall financial stability.


Potential Outcomes:

1. Successful integration of new tech leading to a 65% probability of increased efficiency and reduced claims processing time.

2. Catastrophic losses and regulatory issues could lower profits, 25% chance.

3. Market responses may fluctuate unpredictably, 10% likelihood.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 20, 2024


Allstate Forecast

ALL        Allstate
Price Forecast: BULLISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ALL



GEO Forecast + Options Trading Strategies   GEO  Geo Group (0.97)


CRNX Forecast + Options Trading Strategies   CRNX  Crinetics Pharmaceuticals (0.94)


STRA Forecast + Options Trading Strategies   STRA  Strategic Education (0.93)


SBLK Forecast + Options Trading Strategies   SBLK  Star Bulk Carriers (0.92)


CB Forecast + Options Trading Strategies   CB  Chubb (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to ALL



SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (0.0)


CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (0.0)


ROIV Forecast + Options Trading Strategies   ROIV  Roivant Sciences (-0.0)


BBY Forecast + Options Trading Strategies   BBY  Best Buy (0.0)


DTE Forecast + Options Trading Strategies   DTE  DTE Energy (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ALL



FOXF Forecast + Options Trading Strategies   FOXF  Fox Factory (-0.89)


LAZR Forecast + Options Trading Strategies   LAZR  Luminar (-0.9)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.91)


AEHR Forecast + Options Trading Strategies   AEHR  Aehr Test Systems (-0.91)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (-0.92)





Become a more profitable investor with AI optimized trading strategies






×

Chat with ALL


 Ask any question about ALL!