ALL vs PRE: Correlation
Measured on weekly returns over the past three years, Allstate (ALL) and Prenetics Global Limited - Class A (PRE) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and PRE?
On 3 years of weekly data the ALL/PRE correlation comes out at -0.26, 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. The 5-year figure is -0.07, and annualized covariance runs at -512.0 %².
Among the 32 assets we track against ALL, PRE sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months PRE outperformed by 225.8 percentage points (+28.9% for ALL against +254.7% for PRE). Note the risk asymmetry: PRE runs 4.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PRE: side by side
| ALL (Allstate) | PRE (Prenetics Global Limited - Class A) | |
|---|---|---|
| 1-year return | +28.9% | +254.7% |
| 5-year return | +114.7% | -76.5% |
| Volatility (ann.) | 22.1% | 88.4% |
| Beta vs S&P 500 | 0.31 | 0.46 |
| Max drawdown (3Y) | -14.1% | -64.9% |
| Market cap | $65.1B | $0.4B |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | PRE |
|---|---|---|
| 2022 | +18.4% | -74.0% |
| 2023 | +6.4% | -80.3% |
| 2024 | +40.6% | -1.9% |
| 2025 | +10.1% | +171.6% |
| 2026 | +25.0% | +66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and PRE good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALL and PRE?
As of 2026-08-27, the correlation of weekly returns between ALL and PRE is -0.26 over 3 years, -0.29 over 1 year and -0.07 over 5 years.
Is PRE a good diversifier for ALL?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALL correlations · PRE correlations
