Alcoa Tangible Asset Value vs Market Capitalization Analysis

    Tangible Asset Value vs Market Capitalization

    Tangible Asset Value

    The value of tangibles assets calculated as the difference between Total Assets and Goodwill and Intangible Assets.

    Market Capitalization

    Market capitalization (or market cap) is the total value of the shares outstanding of Alcoa Corporation. It is equal to Alcoa current share price times the number of Alcoa outstanding shares. Represents the product of Total Shares (Basic) , Adjusted Share Price and Entity Share Factor.

    Accounts Relationship

    Tangible Asset Value vs Market Capitalization

    Significance: Almost No Relationship

    Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Alcoa Tangible Asset Value account and Market Capitalization

    Correlation Coefficient

    0.17
    Relationship DirectionPositive 
    Relationship StrengthInsignificant