ALL vs GURE: Correlation
Allstate (ALL) and Gulf Resources, Inc. (GURE) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and GURE?
Over the past 3 years, ALL and GURE moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -662.9 %².
Among the 32 assets we track against ALL, GURE ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALL ahead by 81.4 points (+28.9% versus -52.5%). Risk is not evenly split, since GURE carries 6.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALL vs GURE: side by side
| ALL (Allstate) | GURE (Gulf Resources, Inc.) | |
|---|---|---|
| 1-year return | +28.9% | -52.5% |
| 5-year return | +114.7% | -92.1% |
| Volatility (ann.) | 22.1% | 137.7% |
| Beta vs S&P 500 | 0.31 | -0.30 |
| Max drawdown (3Y) | -14.1% | -88.1% |
| Market cap | $65.1B | – |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | GURE |
|---|---|---|
| 2022 | +18.4% | -28.6% |
| 2023 | +6.4% | -46.6% |
| 2024 | +40.6% | -65.5% |
| 2025 | +10.1% | -35.1% |
| 2026 | +25.0% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and GURE good diversifiers for each other?
Yes. With a correlation of -0.22, ALL and GURE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALL and GURE?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.29 over the last year and -0.11 over 5 years.
Is GURE a good diversifier for ALL?
Yes. With a correlation of -0.22, ALL and GURE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/all-vs-gure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/all-vs-gure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALL correlations · GURE correlations
