Alcoa Corp (Germany) Market Value

185 Stock  EUR 35.30  0.40  1.12%   
Alcoa Corp's market value is the price at which a share of Alcoa Corp trades on a public exchange. It measures the collective expectations of Alcoa Corp investors about its performance. Alcoa Corp is trading at 35.30 as of the 22nd of December 2024. This is a 1.12% down since the beginning of the trading day. The stock's lowest day price was 34.78.
With this module, you can estimate the performance of a buy and hold strategy of Alcoa Corp and determine expected loss or profit from investing in Alcoa Corp over a given investment horizon. Check out Alcoa Corp Correlation, Alcoa Corp Volatility and Alcoa Corp Alpha and Beta module to complement your research on Alcoa Corp.
For more detail on how to invest in Alcoa Stock please use our How to Invest in Alcoa Corp guide.
Symbol

Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Alcoa Corp 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alcoa Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alcoa Corp.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Alcoa Corp on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Alcoa Corp or generate 0.0% return on investment in Alcoa Corp over 720 days. Alcoa Corp is related to or competes with Norsk Hydro, Norsk Hydro, Aluminumof China, AMAG Austria, Kaiser Aluminum, and Century Aluminum. Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Bra... More

Alcoa Corp Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alcoa Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alcoa Corp upside and downside potential and time the market with a certain degree of confidence.

Alcoa Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alcoa Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alcoa Corp's standard deviation. In reality, there are many statistical measures that can use Alcoa Corp historical prices to predict the future Alcoa Corp's volatility.
Hype
Prediction
LowEstimatedHigh
32.0335.3038.57
Details
Intrinsic
Valuation
LowRealHigh
34.1137.3840.65
Details

Alcoa Corp Backtested Returns

Alcoa Corp appears to be very steady, given 3 months investment horizon. Alcoa Corp secures Sharpe Ratio (or Efficiency) of 0.0895, which signifies that the company had a 0.0895% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Alcoa Corp, which you can use to evaluate the volatility of the firm. Please makes use of Alcoa Corp's risk adjusted performance of 0.0687, and Mean Deviation of 2.33 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alcoa Corp holds a performance score of 7. The firm shows a Beta (market volatility) of 1.43, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alcoa Corp will likely underperform. Please check Alcoa Corp's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Alcoa Corp's price patterns will revert.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Alcoa Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Alcoa Corp time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alcoa Corp price movement. The serial correlation of -0.67 indicates that around 67.0% of current Alcoa Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.55
Residual Average0.0
Price Variance29.63

Alcoa Corp lagged returns against current returns

Autocorrelation, which is Alcoa Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alcoa Corp's stock expected returns. We can calculate the autocorrelation of Alcoa Corp returns to help us make a trade decision. For example, suppose you find that Alcoa Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Alcoa Corp regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alcoa Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alcoa Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alcoa Corp stock over time.
   Current vs Lagged Prices   
       Timeline  

Alcoa Corp Lagged Returns

When evaluating Alcoa Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alcoa Corp stock have on its future price. Alcoa Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alcoa Corp autocorrelation shows the relationship between Alcoa Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Alcoa Corp.
   Regressed Prices   
       Timeline  

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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, Alcoa Corp Volatility and Alcoa Corp Alpha and Beta module to complement your research on Alcoa Corp.
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Alcoa Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Alcoa Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alcoa Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...