Alcoa Corp Stock Market Value
| AA Stock | USD 45.88 1.54 3.25% |
| Symbol | Alcoa |
Alcoa Corp Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.81 | Dividend Share 0.4 | Earnings Share (1.56) | Revenue Per Share 57.238 | Quarterly Revenue Growth 0.116 |
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Alcoa Corp on October 29, 2024 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 30 days. Alcoa Corp is related to or competes with Direxion Daily, Dodge Cox, Collegium Pharmaceutical, Dreyfus Natural, KKR Co, Victory Global, and IShares Dividend. Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the Uni... 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.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.1247 | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 6.1 |
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.| Risk Adjusted Performance | 0.1336 | |||
| Jensen Alpha | 0.2874 | |||
| Total Risk Alpha | 0.0138 | |||
| Sortino Ratio | 0.1376 | |||
| Treynor Ratio | 0.2657 |
Alcoa Corp Backtested Returns
Alcoa Corp appears to be very steady, given 3 months investment horizon. Alcoa Corp secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of standard deviation over the last 3 months. By analyzing Alcoa Corp's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Alcoa Corp's mean deviation of 2.45, and Risk Adjusted Performance of 0.1336 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 15. The firm shows a Beta (market volatility) of 1.98, 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, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to make a quick decision on whether Alcoa Corp's price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Alcoa Corp has good predictability. Overlapping area represents the amount of predictability between Alcoa Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 0.61 indicates that roughly 61.0% of current Alcoa Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 4.58 |
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 |
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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 |
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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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Alcoa Corp Correlation, Alcoa Corp Volatility and Alcoa Corp Alpha and Beta module to complement your research on Alcoa Corp. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.