|Horizon||30 Days Login to change|
Alcoa Market Sensitivity
Alcoa Technical Analysis
Alcoa Projected Return Density Against MarketAllowing for the 30-days total investment horizon, the stock has beta coefficient of 1.7132 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Alcoa will likely underperform. Additionally, Alcoa Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Alcoa Return VolatilityAlcoa Corporation accepts 3.3244% volatility on return distribution over the 30 days horizon. DOW inherits 1.3198% risk (volatility on return distribution) over the 30 days horizon.