|Alcoa Corporation -- USA Stock|| |
USD 42.57 1.17 2.83%
Macroaxis gives Alcoa performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.5304 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.. Even though it is essential to pay attention to Alcoa
historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. Alcoa Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Alcoa
has expected return of -0.0435%. Please be advised to confirm Alcoa Information Ratio
, Treynor Ratio
and the relationship
between Downside Deviation
and Total Risk Alpha
to decide if Alcoa
past performance will be repeated at some point in the near future.
Alcoa Relative Risk vs. Return Landscape
If you would invest 4,313
in Alcoa Corporation on November 11, 2017
and sell it today you would lose (56)
from holding Alcoa Corporation or give up 1.3%
of portfolio value over 30
days. Alcoa Corporation is generating negative expected returns and assumes 2.1384% volatility on return distribution over the 30 days horizon. Put differently, 19% of equity instruments are less risky than the company on the bases of their historical return distribution and some 99% 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 under-perform the market. In addition to that, the company is 4.13 times more volatile than its market benchmark. It trades about -0.02 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.36 per unit of volatility.
Alcoa Daily Price Distribution
The median price of Alcoa for the period between Sat, Nov 11, 2017 and Mon, Dec 11, 2017 is 42.21 with a coefficient of variation of 2.68. The daily time series for the period is distributed with a sample standard deviation of 1.13, arithmetic mean of 42.25, and mean deviation of 0.81. The Stock received some media coverage during the period.