Alcoa Total Risk Alpha

    Alcoa Corporation -- USA Stock  

    USD 48.24  0.31  0.65%

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    Alcoa Corporation has current Total Risk Alpha of (0.8). The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
    Alcoa 
    Total Risk Alpha 
     = 
    RFR + (ER[b] - ER[a]) 
    x  
    STD[a] / STD[b] 
     = 
    (0.8)
    ER[a] =   Expected return on investing in Alcoa
    ER[b] =   Expected return on market index or selected benchmark
    STD[a] =   Standard Deviation of returns on Alcoa
    STD[b] =   Standard Deviation of selected market or benchmark
    RFR =   Risk Free Rate of return. Typically T-Bill Rate

    Total Risk Alpha Comparison

    Alcoa Corporation is rated below average in total risk alpha category among related companies. It is rated fourth in maximum drawdown category among related companies .
    The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.
    Compare Alcoa to competition
    Alcoa Corporationration engages in mining and production of bauxite, alumina, and aluminum products. more
    NameAlcoa Corporation
    Analyst Consensus
    Piotroski F Score
    Macroaxis Advice
    Bond Rating
    InstrumentUSA Stock Stocks Directory
    RegionNorth America
    ExchangeNew York Stock Exchange
    CIK Number01675149.0
    ISINUS0138721065
    CUSIP013872106
    New SymbolARNC
    CurrencyUSD - US Dollar