Alcoa Performance

    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.
    Investment Horizon     30 Days    Login   to change

    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 (%) 
          Risk (%) 
    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.

    Risk-Adjusted Performance

    Over the last 30 days Alcoa Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

    One Month Efficiency

    Alcoa Sharpe Ratio = -0.0203
    Good Returns
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    Negative ReturnsAA

    Estimated Market Risk

      actual daily
     81 %
    of total potential

    Expected Return

      actual daily
     1 %
    of total potential

    Risk-Adjusted Return

      actual daily
     1 %
    of total potential
    Based on monthly moving average Alcoa is performing at about 0% 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.