|Alcoa Corporation -- USA Stock|| |
USD 45.00 0.29 0.64%
Alcoa has performance score of 1 on a scale of 0 to 100. The firm shows Beta (market volatility) of 2.2448 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alcoa will likely underperform.. Although it is extremely important to respect Alcoa
historical returns, it is better to be realistic regarding the information on equity current trending patternss. 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 0.1148% will be sustainable into the future. Alcoa
right now shows a risk of 4.1517%. Please confirm Alcoa Information Ratio
, Treynor Ratio
and the relationship
between Downside Deviation
and Total Risk Alpha
to decide if Alcoa will be following its price patterns
Relative Risk vs. Return Landscape
If you would invest 4,529
in Alcoa Corporation on August 27, 2017
and sell it today you would earn a total of 9.00
from holding Alcoa Corporation or generate 0.2%
return on investment over 30
days. Alcoa Corporation is generating 0.1148% of daily returns and assumes 4.1517% volatility on return distribution over the 30 days horizon. Put differently, 39% of equity instruments are less risky than the company on the bases of their historical return distribution and some 98% 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 10.34 times more return on investment than the market. However, the company is 10.34 times more volatile than its market benchmark. It trades about 0.03 of its potential returns per unit of risk. The DOW is currently generating roughly 0.28 per unit of risk.
Alcoa Daily Price Distribution
The median price of Alcoa for the period between Sun, Aug 27, 2017 and Tue, Sep 26, 2017 is 44.73 with a coefficient of variation of 3.54. The daily time series for the period is distributed with a sample standard deviation of 1.57, arithmetic mean of 44.29, and mean deviation of 1.22. The Stock received some media coverage during the period.