|Alcoa Corporation -- USA Stock|| |
USD 51.83 1.11 2.1%
On a scale of 0 to 100 Alcoa holds performance score of 7. The firm shows Beta (market volatility) of -3.0558 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 0.2898% will be sustainable into the future. Please makes use of Alcoa Information Ratio
, Treynor Ratio
and the relationship
between Downside Deviation
and Total Risk Alpha
to make a quick decision on weather Alcoa price patterns
Alcoa Relative Risk vs. Return Landscape
If you would invest 5,038
in Alcoa Corporation on December 24, 2017
and sell it today you would earn a total of 256
from holding Alcoa Corporation or generate 5.08%
return on investment over 30
days. Alcoa Corporation is generating 0.2898% of daily returns and assumes 2.4397% 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 95% of equities are expected to be superior in generating returns on investments over the next 30 days.
Daily Expected Return (%)
Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to generate 1.01 times less return on investment than the market. In addition to that, the company is 5.27 times more volatile than its market benchmark. It trades about 0.12 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.63 per unit of volatility.
Alcoa Daily Price Distribution
The median price of Alcoa for the period between Sun, Dec 24, 2017 and Tue, Jan 23, 2018 is 54.14 with a coefficient of variation of 5.33. The daily time series for the period is distributed with a sample standard deviation of 2.85, arithmetic mean of 53.4, and mean deviation of 2.23. The Stock received some media coverage during the period.