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 Inc. It is equal to Alcoa current share price times the number of Alcoa Inc outstanding shares. Represents the product of [SHARESBAS], [PRICE] and [SHAREFACTOR].

    Accounts Relationship

    Tangible Asset Value vs Market Capitalization

    Significance: Weak Relationship

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

    Correlation Coefficient

    0.34
    Relationship DirectionPositive 
    Relationship StrengthVery Weak