Alcoa Performance |
Alcoa Corporation -- USA Stock | USD 50.27 1.63 3.14% |
On a scale of 0 to 100 Alcoa holds performance score of 4. The firm shows Beta (market volatility) of 0.1498 which signifies that as returns on market increase, Alcoa returns are expected to increase less than the market. However during bear market, the loss on holding Alcoa will be expected to be smaller as well.. Although it is extremely important to respect Alcoa historical returns, it is better to be realistic regarding the information on 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 0.2288% 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 will revert.
Time Horizon | 30 Days Login to change |
Alcoa Relative Risk vs. Return Landscape
If you would invest 4,670 in Alcoa Corporation on March 25, 2018 and sell it today you would earn a total of 357.00 from holding Alcoa Corporation or generate 7.64% return on investment over 30 days. Alcoa Corporation is generating 0.2288% of daily returns and assumes 3.2394% volatility on return distribution over the 30 days horizon. Put differently, 29% of equity instruments are less risky than the company on the bases of their historical return distribution and some 96% of equities are expected to be superior in generating returns on investments over the next 30 days. Daily Expected Return (%) |
Performance Rating
Alcoa Corporation Risk Adjusted Performance Analysis
4 Risk-Adjusted Performance
Risk-Adjusted PerformanceCompared to the overall equity markets, risk-adjusted returns on investments in Alcoa Corporation are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
2 Months Efficiency
Alcoa Sharpe Ratio = 0.0706
BestPortfolio | BestEquity | |||
Good Returns | ||||
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Small Returns | AA | |||
Cash | SmallRisk | AverageRisk | HighRisk | HugeRisk |
Negative Returns |
Estimated Market Risk
3.24 actual daily | 71 % of total potential |
Expected Return
0.23 actual daily | 4 % of total potential |
Risk-Adjusted Return
0.07 actual daily | 4 % of total potential |
Based on monthly moving average Alcoa is performing at about 4% 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.
Check also Trending Equities. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.