|Horizon||30 Days Login to change|
Alcoa Market Sensitivity
|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.One Month Beta |Analyze Alcoa Demand TrendCheck current 30 days Alcoa correlation with market (DOW)|
β = 0.0341
Alcoa Technical Analysis
Alcoa Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Alcoa has beta of 0.0341 . This suggests as returns on market go up, Alcoa average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Alcoa Corporation will be expected to be much smaller as well. Moreover, Alcoa Corporation has an alpha of 0.2824 implying that it can potentially generate 0.2824% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Alcoa Return VolatilityAlcoa Corporation accepts 2.6321% volatility on return distribution over the 30 days horizon. DOW inherits 1.0404% risk (volatility on return distribution) over the 30 days horizon.