Alcoa Balance Sheet Analysis From 2010 to 2024

AA Stock  USD 31.03  0.59  1.94%   
Most indicators from Alcoa Corp's financial ratios are interrelated and interconnected. However, analyzing financial 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 financial 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 Alcoa Corp Valuation and Alcoa Corp Correlation analysis.
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 Multiple is expected to grow to 26.15, whereas Tax Provision is forecasted to decline to about 179.6 M.
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 Alcoa Corp Valuation and Alcoa Corp Correlation analysis.
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 Multiple is expected to grow to 26.15, whereas Tax Provision is forecasted to decline to about 179.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense195M106M107M147.5M
Depreciation And Amortization664M617M632M599.4M

Alcoa Corp fundamental ratios Correlations

-0.550.370.120.48-0.420.42-0.43-0.45-0.110.080.120.47-0.45-0.26-0.420.380.470.33-0.79-0.430.440.07-0.360.380.46
-0.55-0.81-0.77-0.390.85-0.480.830.960.55-0.580.25-0.740.960.150.48-0.81-0.75-0.180.90.81-0.66-0.530.39-0.82-0.65
0.37-0.810.760.5-0.970.75-0.96-0.88-0.240.76-0.210.88-0.89-0.29-0.531.00.880.36-0.62-0.950.910.44-0.580.810.9
0.12-0.770.760.51-0.730.37-0.71-0.86-0.650.55-0.020.7-0.86-0.1-0.310.760.70.39-0.62-0.750.550.73-0.110.680.57
0.48-0.390.50.51-0.540.59-0.54-0.52-0.10.090.620.65-0.51-0.25-0.430.50.650.84-0.5-0.60.570.54-0.090.360.66
-0.420.85-0.97-0.73-0.54-0.831.00.910.2-0.670.19-0.90.910.150.48-0.97-0.9-0.410.670.98-0.94-0.40.66-0.9-0.94
0.42-0.480.750.370.59-0.83-0.84-0.550.140.49-0.010.71-0.54-0.04-0.230.750.710.52-0.42-0.830.950.02-0.740.70.95
-0.430.83-0.96-0.71-0.541.0-0.840.890.17-0.670.2-0.90.890.130.47-0.96-0.9-0.410.660.98-0.95-0.370.68-0.9-0.95
-0.450.96-0.88-0.86-0.520.91-0.550.890.44-0.530.18-0.881.00.120.57-0.88-0.89-0.310.810.88-0.73-0.620.43-0.87-0.74
-0.110.55-0.24-0.65-0.10.20.140.170.44-0.41-0.11-0.050.470.25-0.16-0.23-0.05-0.040.560.20.0-0.61-0.35-0.18-0.01
0.08-0.580.760.550.09-0.670.49-0.67-0.53-0.41-0.270.37-0.58-0.47-0.090.750.370.11-0.34-0.670.640.28-0.320.460.6
0.120.25-0.21-0.020.620.19-0.010.20.18-0.11-0.27-0.10.15-0.40.12-0.21-0.10.640.020.12-0.110.430.46-0.39-0.02
0.47-0.740.880.70.65-0.90.71-0.9-0.88-0.050.37-0.1-0.86-0.07-0.70.891.00.44-0.64-0.880.840.43-0.60.830.86
-0.450.96-0.89-0.86-0.510.91-0.540.891.00.47-0.580.15-0.860.20.57-0.89-0.87-0.310.820.88-0.73-0.640.4-0.84-0.74
-0.260.15-0.29-0.1-0.250.15-0.040.130.120.25-0.47-0.4-0.070.20.3-0.29-0.07-0.150.210.13-0.16-0.44-0.240.26-0.18
-0.420.48-0.53-0.31-0.430.48-0.230.470.57-0.16-0.090.12-0.70.570.3-0.54-0.7-0.060.460.43-0.38-0.330.2-0.34-0.4
0.38-0.811.00.760.5-0.970.75-0.96-0.88-0.230.75-0.210.89-0.89-0.29-0.540.890.36-0.62-0.950.910.43-0.590.810.9
0.47-0.750.880.70.65-0.90.71-0.9-0.89-0.050.37-0.11.0-0.87-0.07-0.70.890.44-0.65-0.880.840.43-0.60.830.86
0.33-0.180.360.390.84-0.410.52-0.41-0.31-0.040.110.640.44-0.31-0.15-0.060.360.44-0.24-0.530.480.44-0.150.30.55
-0.790.9-0.62-0.62-0.50.67-0.420.660.810.56-0.340.02-0.640.820.210.46-0.62-0.65-0.240.64-0.53-0.450.24-0.63-0.55
-0.430.81-0.95-0.75-0.60.98-0.830.980.880.2-0.670.12-0.880.880.130.43-0.95-0.88-0.530.64-0.94-0.420.63-0.88-0.94
0.44-0.660.910.550.57-0.940.95-0.95-0.730.00.64-0.110.84-0.73-0.16-0.380.910.840.48-0.53-0.940.2-0.740.80.99
0.07-0.530.440.730.54-0.40.02-0.37-0.62-0.610.280.430.43-0.64-0.44-0.330.430.430.44-0.45-0.420.20.30.240.25
-0.360.39-0.58-0.11-0.090.66-0.740.680.43-0.35-0.320.46-0.60.4-0.240.2-0.59-0.6-0.150.240.63-0.740.3-0.74-0.69
0.38-0.820.810.680.36-0.90.7-0.9-0.87-0.180.46-0.390.83-0.840.26-0.340.810.830.3-0.63-0.880.80.24-0.740.78
0.46-0.650.90.570.66-0.940.95-0.95-0.74-0.010.6-0.020.86-0.74-0.18-0.40.90.860.55-0.55-0.940.990.25-0.690.78
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Alcoa Corp Account Relationship Matchups

Alcoa Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.6B14.9B15.0B14.8B14.2B12.7B
Other Current Liab561M870M791M1.2B1.1B858M
Other Liab4.3B4.6B3.8B3.3B3.8B4.3B
Net Tangible Assets3.9B3.3B4.6B5.1B4.6B4.6B
Net Debt921M858M(87M)444M835M444.6M
Accounts Payable1.5B1.4B1.7B1.8B1.7B1.8B
Cash879M1.6B1.8B1.4B976M1.2B
Other Assets1.7B10.3M(1.6B)1.9B1.7B1.2B
Long Term Debt1.8B2.5B1.7B1.8B1.7B1.6B
Net Receivables660M556M884M909M808M870.4M
Good Will151M150M145M144M146M120.2M
Other Current Assets288M290M358M417M434M381.0M
Total Liab8.8B9.9B8.8B8.2B8.3B9.1B
Total Current Assets3.5B4.5B5.0B5.3B4.4B4.4B
Intangible Assets52M45M36M29M37M46.1M
Long Term Debt Total1.8B2.5B1.7B1.8B2.1B1.7B
Retained Earnings(555M)(725M)(315M)(549M)(1.3B)(1.2B)

Alcoa Corp Investors Sentiment

The influence of Alcoa Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alcoa. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Alcoa Corp's public news can be used to forecast risks associated with an investment in Alcoa. The trend in average sentiment can be used to explain how an investor holding Alcoa can time the market purely based on public headlines and social activities around Alcoa Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Alcoa Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alcoa Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alcoa Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alcoa Corp.

Alcoa Corp Implied Volatility

    
  68.85  
Alcoa Corp's implied volatility exposes the market's sentiment of Alcoa Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Alcoa Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Alcoa Corp stock will not fluctuate a lot when Alcoa Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alcoa Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alcoa Corp's short interest history, or implied volatility extrapolated from Alcoa Corp options trading.

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

  0.61DC Dakota Gold CorpPairCorr
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 equities. 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.
Pair CorrelationCorrelation Matching
When determining whether Alcoa Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alcoa Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alcoa Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alcoa Corp Stock:
Check out Alcoa Corp Valuation and Alcoa Corp Correlation analysis.
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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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
(3.65)
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.