Alcoa Receivables Turnover vs Price to Sales Ratio Analysis
AA Stock | USD 35.47 0.08 0.23% |
Alcoa Corp financial indicator trend analysis is way more than just evaluating Alcoa Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Corp is a good investment. Please check the relationship between Alcoa Corp Receivables Turnover and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.
Receivables Turnover vs Price To Sales Ratio
Receivables Turnover vs Price to Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Corp Receivables Turnover account and Price to Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Alcoa Corp's Receivables Turnover and Price to Sales Ratio is -0.66. Overlapping area represents the amount of variation of Receivables Turnover that can explain the historical movement of Price to Sales Ratio in the same time period over historical financial statements of Alcoa Corp, assuming nothing else is changed. The correlation between historical values of Alcoa Corp's Receivables Turnover and Price to Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Receivables Turnover of Alcoa Corp are associated (or correlated) with its Price to Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price to Sales Ratio has no effect on the direction of Receivables Turnover i.e., Alcoa Corp's Receivables Turnover and Price to Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Receivables Turnover
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Alcoa Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Alcoa Corp sales, a figure that is much harder to manipulate than other Alcoa Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Most indicators from Alcoa Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.At present, Alcoa Corp's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 26.11, whereas Tax Provision is forecasted to decline to about 179.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 195M | 106M | 107M | 147.5M | Depreciation And Amortization | 664M | 617M | 632M | 599.4M |
Alcoa Corp fundamental ratios Correlations
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Alcoa Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alcoa Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 185M | 186M | 190M | 181M | 178M | 202.5M | |
Total Assets | 14.6B | 14.9B | 15.0B | 14.8B | 14.2B | 12.7B | |
Short Long Term Debt Total | 1.8B | 2.5B | 1.7B | 1.8B | 1.8B | 1.6B | |
Other Current Liab | 561M | 870M | 791M | 1.2B | 1.1B | 858M | |
Total Current Liabilities | 2.6B | 2.8B | 3.2B | 3.0B | 3.0B | 3.2B | |
Total Stockholder Equity | 4.1B | 3.3B | 4.6B | 5.1B | 4.3B | 4.6B | |
Other Liab | 4.3B | 4.6B | 3.8B | 3.3B | 3.8B | 4.3B | |
Net Tangible Assets | 3.9B | 3.3B | 4.6B | 5.1B | 4.6B | 4.6B | |
Property Plant And Equipment Net | 7.9B | 7.2B | 6.6B | 6.5B | 6.8B | 6.6B | |
Current Deferred Revenue | 517M | 486M | 757M | 88M | 79.2M | 75.2M | |
Net Debt | 921M | 858M | (87M) | 444M | 835M | 444.6M | |
Accounts Payable | 1.5B | 1.4B | 1.7B | 1.8B | 1.7B | 1.8B | |
Cash | 879M | 1.6B | 1.8B | 1.4B | 976M | 1.2B | |
Non Current Assets Total | 11.1B | 10.3B | 10.0B | 9.5B | 9.8B | 9.5B | |
Non Currrent Assets Other | 1.2B | 1.3B | 1.5B | 1.4B | 1.4B | 1.2B | |
Other Assets | 1.7B | 10.3M | (1.6B) | 1.9B | 1.7B | 1.2B | |
Long Term Debt | 1.8B | 2.5B | 1.7B | 1.8B | 1.7B | 1.6B | |
Cash And Short Term Investments | 879M | 1.6B | 1.8B | 1.4B | 1.0B | 1.2B | |
Net Receivables | 660M | 556M | 884M | 909M | 808M | 870.4M | |
Good Will | 151M | 150M | 145M | 144M | 146M | 120.2M | |
Liabilities And Stockholders Equity | 14.6B | 14.9B | 15.0B | 14.8B | 14.2B | 12.7B | |
Non Current Liabilities Total | 6.2B | 7.1B | 5.5B | 5.2B | 5.3B | 5.9B | |
Other Current Assets | 288M | 290M | 358M | 417M | 434M | 381.0M | |
Other Stockholder Equity | 9.6B | 9.7B | 9.6B | 9.2B | 9.2B | 9.2B | |
Total Liab | 8.8B | 9.9B | 8.8B | 8.2B | 8.3B | 9.1B | |
Long Term Investments | 1.1B | 1.1B | 1.2B | 1.1B | 979M | 1.0B | |
Property Plant And Equipment Gross | 7.9B | 7.2B | 19.8B | 19.6B | 20.4B | 13.5B | |
Total Current Assets | 3.5B | 4.5B | 5.0B | 5.3B | 4.4B | 4.4B | |
Accumulated Other Comprehensive Income | (5.0B) | (5.7B) | (4.6B) | (3.6B) | (3.6B) | (3.8B) | |
Intangible Assets | 52M | 45M | 36M | 29M | 37M | 46.1M | |
Property Plant Equipment | 8.0B | 7.2B | 6.6B | 6.5B | 5.8B | 6.8B | |
Long Term Debt Total | 1.8B | 2.5B | 1.7B | 1.8B | 2.1B | 1.7B | |
Noncontrolling Interest In Consolidated Entity | 1.8B | 1.7B | 1.6B | 1.5B | 1.4B | 1.5B | |
Retained Earnings | (555M) | (725M) | (315M) | (549M) | (1.3B) | (1.2B) | |
Retained Earnings Total Equity | (555M) | (725M) | (315M) | (570M) | (513M) | (487.4M) |
Pair Trading with Alcoa Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alcoa Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alcoa Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Alcoa Stock
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Moving against Alcoa Stock
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The ability to find closely correlated positions to Alcoa Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alcoa Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alcoa Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alcoa Corp to buy it.
The correlation of Alcoa Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alcoa Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alcoa Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alcoa Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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When running Alcoa Corp's price analysis, check to measure Alcoa Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.
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Is Alcoa Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.81 | Dividend Share 0.4 | Earnings Share (3.60) | Revenue Per Share 59.275 | Quarterly Revenue Growth (0.03) |
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.