shows prevailing Real Value
of $40.7 per share. The current price of the firm is $36.62. At this time the firm appears to be under valued
. Macroaxis approximates value of Alcoa
from analyzing the firm fundamentals
such as Profit Margin
of 0.36% and Return On Equity of 1.77% as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend.
We’re going to take a look at this company use only technical analysis, as the chart can provide a variety of information. However, I do not recommend using strictly technical or fundamental analysis, but rather a mixture of both.
The chart has show that is broke a resistance area between $25 and $26, which had been tested multiple times. Price did eventually end up breaking the resistance area, but did so on falling volume. After the breakout, price went sideways, creating a support level that has been tested twice, around the $28.50 area. It currently is in a range and this might be a great time to pay close attention because a break in either direction could signal a profit potential. So in the current situation, I would recommend waiting for price to break out of the current channel, which then could provide a larger movement in one direction.
Valuation Drivers Correlation
Net Income Per Employee Enterprise Value Market Capitalization
Selected Alcoa Corporation Valuation Data Over Time
Alcoa Corporation is rated fourth
in price to sales category among related companies. It is rated below average
in price to book category among related companies fabricating about 1.49
of Price to Book per Price to Sales.
July 22, 2017
Alcoa is not too volatile
asset. Calculation of real value of Alcoa is based on 1 month time horizon. Increasing Alcoa time horizon generally increases accuracy of value calculation and significantly improves predictive power of the methodology used.
Alcoa Corporation is rated third
in market capitalization category among related companies. Market capitalization
of Non-ferrous Metals Production And Products
industry is presently estimated at about 52.59 Billion. Alcoa retains roughly 6.72 Billion in market capitalization claiming about 13% of all equities under Non-ferrous Metals Production And Products industry.