Macroaxis considers Alcoa to be not too risky. Alcoa secures Sharpe Ratio (or Efficiency) of -0.2143 which signifies that Alcoa had -0.2143% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Alcoa Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alcoa Mean Deviation of 1.32 and Risk Adjusted Performance of 0.01 to double-check risk estimate we provide.
|Time Horizon||30 Days Login to change|
Alcoa Technical Analysis
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Alcoa has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and Alcoa are completely uncorrelated. Furthermore, Alcoa CorporationIt does not look like Alcoa alpha can have any bearing on the equity current valuation.
Predicted Return Density