ALL vs RMCF: Correlation
How closely do Allstate (ALL) and Rocky Mountain Chocolate Factory, Inc. (RMCF) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and RMCF?
Over the past 3 years, ALL and RMCF moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -314.5 %².
Within ALL's tracked universe of 32 assets, RMCF comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALL outperformed by 48.8 percentage points (+28.9% for ALL against -19.9% for RMCF). Risk is not evenly split, since RMCF carries 3.1 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 RMCF: side by side
| ALL (Allstate) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | +28.9% | -19.9% |
| 5-year return | +114.7% | -84.3% |
| Volatility (ann.) | 22.1% | 68.5% |
| Beta vs S&P 500 | 0.31 | 0.77 |
| Max drawdown (3Y) | -14.1% | -87.0% |
| 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 | RMCF |
|---|---|---|
| 2022 | +18.4% | -27.4% |
| 2023 | +6.4% | -19.3% |
| 2024 | +40.6% | -47.2% |
| 2025 | +10.1% | -21.8% |
| 2026 | +25.0% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and RMCF good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALL and RMCF?
As of 2026-08-27, the correlation of weekly returns between ALL and RMCF is -0.21 over 3 years, -0.25 over 1 year and -0.13 over 5 years.
Is RMCF a good diversifier for ALL?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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 · RMCF correlations
