Alcoa Performance

    Alcoa Corporation -- USA Stock  

    USD 56.99  3.89  7.33%

    On a scale of 0 to 100 Alcoa holds performance score of 12. The firm shows Beta (market volatility) of -2.6974 which signifies that as returns on market increase, returns on owning Alcoa are expected to decrease by larger amounts. On the other hand, during market turmoil, Alcoa is expected to significantly outperform it.. Although it is vital to follow to Alcoa historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Alcoa technical indicators you can presently evaluate if the expected return of 0.4542% will be sustainable into the future. Please makes use of Alcoa Mean Deviation, Standard Deviation, Treynor Ratio, as well as the relationship between Downside Deviation and Information Ratio to make a quick decision on weather Alcoa price patterns will revert.
     Time Horizon     30 Days    Login   to change

    Alcoa Relative Risk vs. Return Landscape

    If you would invest  4,899  in Alcoa Corporation on December 21, 2017 and sell it today you would earn a total of  411  from holding Alcoa Corporation or generate 8.39% return on investment over 30 days. Alcoa Corporation is generating 0.4542% of daily returns and assumes 2.4664% volatility on return distribution over the 30 days horizon. Put differently, 22% of equity instruments are less risky than the company on the bases of their historical return distribution and some 92% of equities are expected to be superior in generating returns on investments over the next 30 days.
     Daily Expected Return (%) 
          Risk (%) 
    Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to generate 5.31 times more return on investment than the market. However, the company is 5.31 times more volatile than its market benchmark. It trades about 0.18 of its potential returns per unit of risk. The DOW is currently generating roughly 0.55 per unit of risk.

    Alcoa Daily Price Distribution

    The median price of Alcoa for the period between Thu, Dec 21, 2017 and Sat, Jan 20, 2018 is 54.14 with a coefficient of variation of 6.44. The daily time series for the period is distributed with a sample standard deviation of 3.41, arithmetic mean of 53.02, and mean deviation of 2.69. The Stock received some media coverage during the period.

    Risk-Adjusted Performance

    Compared to the overall equity markets, risk-adjusted returns on investments in Alcoa Corporation are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.

    One Month Efficiency

    Alcoa Sharpe Ratio = 0.1841
    Good Returns
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    Estimated Market Risk

      actual daily
     78 %
    of total potential

    Expected Return

      actual daily
     8 %
    of total potential

    Risk-Adjusted Return

      actual daily
     12 %
    of total potential
    Based on monthly moving average Alcoa is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alcoa by adding it to a well-diversified portfolio.