Alcoa Corporation shows Mean Deviation of 1.26 and Risk Adjusted Performance of 0.1635. Alcoa technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found eighteen technical drivers for Alcoa Corporation which can be compared to its rivals. Please confirm Alcoa Variance, Maximum Drawdown and the relationship between Coefficient Of Variation and Jensen Alpha to decide if Alcoa is priced correctly providing market reflects its regular price of 36.36 per share. Given that Alcoa has Treynor Ratio of (14.18), we suggest you validate Alcoa Corporation prevailing market performance to make sure the company can sustain itself at future point.
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Alcoa Trend AnalysisUse this graph to draw trend lines for Alcoa Corporation. You can use it to identify possible trend reversals for Alcoa as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alcoa price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Alcoa Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Alcoa Corporation applied against its price change over selected period. The best fit line has a slop of 0.21 % which suggests that Alcoa Corporation will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 35.62, which is the sum of squared deviations for the predicted Alcoa price change compared to its average price change.
Alcoa Corporation is rated fifth in mean deviation category among related companies. It is rated fourth in standard deviation category among related companies creating about 1.37 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Alcoa Corporation is roughly 1.37