Alcoa Performance

    Alcoa  

    USD 36.36  0.27  0.74%

    On a scale of 0 to 100 Alcoa holds performance score of 27. The firm shows Beta (market volatility) of -0.0451 which signifies that as returns on market increase, returns on owning Alcoa are expected to decrease at a much smaller rate. During bear market, Alcoa is likely to outperform the market.. Although it is vital to follow to Alcoa historical returns, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty technical indicators for Alcoa Corporation which you can use to evaluate performance of the firm. Please makes use of Alcoa Variance, Maximum Drawdown and the relationship between Coefficient Of Variation and Jensen Alpha to make a quick decision on weather Alcoa price patterns will revert.
    Investment Horizon     30 Days    Login   to change

    Relative Risk vs. Return Landscape

    If you would invest  3,163  in Alcoa Corporation on June 27, 2017 and sell it today you would earn a total of  500.00  from holding Alcoa Corporation or generate 15.81% return on investment over 30 days. Alcoa Corporation is generating 0.6829% of daily returns and assumes 1.7019% volatility on return distribution over the 30 days horizon. Put differently, 16% of equity instruments are less risky than the company on the bases of their historical return distribution and some 85% 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 4.19 times more return on investment than the market. However, the company is 4.19 times more volatile than its market benchmark. It trades about 0.4 of its potential returns per unit of risk. The DOW is currently generating roughly 0.22 per unit of risk.

    Alcoa Daily Price Distribution

    The median price of Alcoa for the period between Tue, Jun 27, 2017 and Thu, Jul 27, 2017 is 36.01 with a coefficient of variation of 4.68. The daily time series for the period is distributed with a sample standard deviation of 1.64, arithmetic mean of 35.09, and mean deviation of 1.45. The Stock received some media coverage during the period.
    27 

    Risk-Adjusted Performance

    Compared to the overall equity markets, risk-adjusted returns on investments in Alcoa Corporation are ranked lower than 27 (%) of all global equities and portfolios over the last 30 days.

    One Month Efficiency

    Alcoa Sharpe Ratio = 0.4013
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    Estimated Market Risk

     1.7
      actual daily
     
     84 %
    of total potential
      

    Expected Return

     0.68
      actual daily
     
     15 %
    of total potential
      

    Risk-Adjusted Return

     0.4
      actual daily
     
     27 %
    of total potential
      
    Based on monthly moving average Alcoa is performing at about 27% 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.