Alcoa Average Equity vs Enterprise Value Analysis

AA -- USA Stock  

USD 43.79  1.83  4.36%

Alcoa financial indicator trend analysis is way more than just evaluating Alcoa prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa is a good investment. Please check the relationship between Alcoa Average Equity and its Enterprise Value accounts. Check also Trending Equities.

Average Equity vs Enterprise Value

Accounts Relationship

Average Equity vs Enterprise Value

Significance: Significant Contrarian Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Alcoa Average Equity account and Enterprise Value

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Alcoa theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Alcoa debt, but would also pocket its cash. Enterprise Value is more accurate representation of Alcoa value then its market capitalization because it takes into account all of Alcoa Corporation existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.

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