## Alcoa Jensen Alpha |

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Alcoa Inc has current Jensen Alpha of (0.39). Jensen alpha is a measure of the returns that are attributable to the managers ability to select security and time the market. In other words it is the returns remaining after deducting what would have been attributable to beta returns (which do not require skill) and the risk free rate.Symbol | Refresh |

Alcoa |
| = | (0.39) |

ER[a] | = | Expected return on investing in Alcoa |

ER[b] | = | Expected return on market index or selected benchmark |

BETA | = | Beta coefficient between Alcoa and the market |

RFR | = | Risk Free Rate of return. Typically T-Bill Rate |

## Jensen Alpha Comparison

**below average**in jensen alpha category among related companies. It is rated

**fifth**in maximum drawdown category among related companies .

Jensen alpha is the difference between the return of the portfolio, and what the portfolio should theoretically have earned. Any portfolio can be expected to earn the risk free rate (RF), plus the market risk premium (which is given by [Beta x (Market Portfolio Return - Risk Free Rate)]. Anything remaining over and above is alpha.

Compare Alcoa to competition |

Alcoa Corporationration engages in mining and production of bauxite, alumina, and aluminum products. more

Name | Alcoa Inc |

Analyst Consensus | |

Piotroski F Score | |

Macroaxis Advice | |

Bond Rating | BBB-Acceptable |

Instrument | USA Stock |

Region | North America |

Exchange | New York Stock Exchange |

CIK Number | 01675149.0 |

ISIN | US0138171014 |

CUSIP | None |

New Symbol | ARNC |

## Technical Indicators

All Alcoa Technical Indicators

Cycle Indicators | |

Math Operators | |

Math Transform | |

Momentum Indicators | |

Overlap Studies | |

Pattern Recognition | |

Price Transform | |

Statistic Functions | |

Volatility Indicators | |

Volume Indicators |

Risk Adjusted Performance | (0.07) | ||

Market Risk Adjusted Performance | 0.5118 | ||

Mean Deviation | 1.4 | ||

Coefficient Of Variation | (362.42) | ||

Standard Deviation | 1.75 | ||

Variance | 3.07 | ||

Information Ratio | (0.34) | ||

Jensen Alpha | (0.39) | ||

Total Risk Alpha | (1.11) | ||

Treynor Ratio | 0.5018 | ||

Maximum Drawdown | 5.8 | ||

Value At Risk | (2.89) | ||

Potential Upside | 2.2 | ||

Skewness | 0.1275 | ||

Kurtosis | (0.47) |