Alcoa Competitors
| 185 Stock | EUR 35.30 0.40 1.12% |
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Alcoa Corp Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alcoa Corp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Alcoa and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Alcoa Corp does not affect the price movement of the other competitor.
| 0.86 | 0.34 | 0.67 | -0.35 | 0.37 | 0.4 | NOH1 | ||
| 0.86 | 0.34 | 0.7 | -0.37 | 0.42 | 0.47 | NOHA | ||
| 0.34 | 0.34 | 0.09 | -0.06 | -0.3 | -0.16 | AOC | ||
| 0.67 | 0.7 | 0.09 | -0.19 | 0.8 | 0.89 | 185 | ||
| -0.35 | -0.37 | -0.06 | -0.19 | -0.05 | -0.1 | AM8 | ||
| 0.37 | 0.42 | -0.3 | 0.8 | -0.05 | 0.91 | KLU1 | ||
| 0.4 | 0.47 | -0.16 | 0.89 | -0.1 | 0.91 | EY3 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alcoa Stock performing well and Alcoa Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alcoa Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOH1 | 1.82 | 0.01 | 0.00 | 0.06 | 1.93 | 5.58 | 13.52 | |||
| NOHA | 1.89 | (0.02) | 0.00 | 1.16 | 0.00 | 6.25 | 11.80 | |||
| AOC | 3.01 | 0.22 | 0.04 | 0.47 | 3.98 | 6.25 | 19.64 | |||
| 185 | 2.33 | 0.21 | 0.08 | 0.17 | 2.55 | 7.15 | 18.04 | |||
| AM8 | 0.88 | 0.04 | 0.01 | (0.17) | 1.04 | 2.13 | 11.62 | |||
| KLU1 | 2.09 | 0.08 | 0.04 | 0.07 | 1.94 | 4.23 | 15.57 | |||
| EY3 | 3.03 | 0.45 | 0.17 | 0.29 | 2.60 | 7.03 | 23.09 |
Alcoa Corp Competitive Analysis
The better you understand Alcoa Corp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alcoa Corp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Alcoa Corp's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Alcoa Corp Competition Performance Charts
Five steps to successful analysis of Alcoa Corp Competition
Alcoa Corp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Alcoa Corp in relation to its competition. Alcoa Corp's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Alcoa Corp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Alcoa Corp's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alcoa Corp, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Alcoa Corp position
In addition to having Alcoa Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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FinTech
High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking. The FinTech theme has 81 constituents at this time.
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Additional Information and Resources on Investing in Alcoa Stock
When determining whether Alcoa Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alcoa Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alcoa Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alcoa Corp Stock:Check out Alcoa Corp Correlation with its peers.For more detail on how to invest in Alcoa Stock please use our How to Invest in Alcoa Corp guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..