Alcoa Beta

AA -- USA Stock  

USD 28.63  0.31  1.09%

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Beta Analysis

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
Alcoa 
Beta 
 = 
Covariance 
Variance 
 = 
1.25

Alcoa Distress Driver Correlations

About Beta

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare to competition
Accumulated Other Comprehensive Income
In accordance with recently published financial statements Alcoa Corporation has Beta of 1.25. This is 98.41% higher than that of the Basic Materials sector, and 941.67% higher than that of Aluminum industry, The Beta for all stocks is 267.65% lower than the firm.

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Alcoa Institutional Holders

Current Institutional Investors

Security TypeSharesValue
Capital World InvestorsCommon Shares23.6 M953.2 M
Vanguard Group IncCommon Shares16.5 M667.1 M
Capital Research Global InvestorsCommon Shares12.5 M503.2 M
Blackrock IncCommon Shares9.2 M371.1 M
Wellington Management Group LlpCommon Shares7.4 M300.3 M
Alliancebernstein LpCommon Shares5.8 M235.4 M
Adage Capital Partners Gp LlcCommon Shares5.5 M223.4 M
Susquehanna International Group LlpPut Options2.2 M90.6 M
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alcoa will likely underperform.


 
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