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 (%) 
      Risk (%) 
Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to generate 2.29 times more return on investment than the market. However, the company is 2.29 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly -0.04 per unit of risk.

Performance Rating

Alcoa Corporation Risk Adjusted Performance Analysis
4 

Risk-Adjusted Performance

Compared 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
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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.