Alcoa Enterprise Value vs Average Assets Analysis

AA -- USA Stock  

USD 38.85  0.50  1.30%

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 Enterprise Value and its Average Assets accounts. Check also Trending Equities.

Enterprise Value vs Average Assets

Accounts Relationship

Enterprise Value vs Average Assets

Significance: Strong Contrarian Relationship

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

Correlation Coefficient

-0.51
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.

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