Alcoa Invested Capital Trend from 2010 to 2021

AA -  USA Stock  

USD 37.06  0.17  0.46%

Alcoa Corp Invested Capital is decreasing over the years with slightly volatile fluctuation. Invested Capital is expected to dwindle to about 12.7 B. From 2010 to 2021 Alcoa Corp Invested Capital quarterly data regression line had arithmetic mean of 14,525,464,286 and slope of (330,708,791). Alcoa Corp Direct Expenses is projected to decrease significantly based on the last few years of reporting. The past year's Direct Expenses was at 7.97 Billion. The current year Cost of Revenue is expected to grow to about 8.1 B, whereas Consolidated Income is forecasted to decline to (15.1 M).

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Check Alcoa Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alcoa main balance sheet or income statement drivers, such as Direct Expenses of 9.6 B, Cost of Revenue of 8.1 B or Earning Before Interest and Taxes EBIT of 175.9 M, as well as many exotic indicators such as Interest Coverage of 1.28, Long Term Debt to Equity of 0.8 or Calculated Tax Rate of 66.01. Alcoa financial statements analysis is a perfect complement when working with Alcoa Corp Valuation or Volatility modules. It can also supplement various Alcoa Corp Technical models. Please continue to the analysis of Alcoa Corp Correlation against competitors.

Alcoa Corp Quarterly Invested Capital

12.12 BillionShare

Alcoa Invested Capital Breakdown

Showing smoothed Invested Capital of Alcoa Corp with missing and latest data points interpolated. Invested capital represents the total cash investment that shareholders and debt holders have contributed to Alcoa Corp. There are two different methods for calculating Alcoa Corp invested capital: operating approach and financing approach. Understanding Alcoa Corp invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed. Invested capital is an input into the calculation of [ROIC]; and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.Alcoa Corp's Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Alcoa Corp's overall financial position and show how it may be relating to other accounts over time.
Invested Capital10 Years Trend
Decreasing
Slightly volatile
 Invested Capital 
Share
      Timeline 

Alcoa Invested Capital Regression Statistics

Arithmetic Mean 14,525,464,286
Geometric Mean 14,472,836,265
Coefficient Of Variation 8.85
Mean Deviation 1,112,946,429
Median 14,512,000,000
Standard Deviation 1,285,556,270
Range 3,138,428,572
R-Value(0.93)
R-Squared 0.86
Significance 0.00001393
Slope(330,708,791)

Alcoa Invested Capital History

201513.7 B
201614.5 B
201714.2 B
201813.9 B
201913 B
202013 B
202112.7 B

Other Fundumenentals of Alcoa Corp

Alcoa Corp Invested Capital component correlations

About Alcoa Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Alcoa Corp income statement, its balance sheet, and the statement of cash flows. Alcoa Corp investors use historical funamental indicators, such as Alcoa Corp's Invested Capital, to determine how well the company is positioned to perform in the future. Although Alcoa Corp investors may use each financial statement separately, they are all related. The changes in Alcoa Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alcoa Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Alcoa Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Alcoa Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Return on Invested Capital 0.013  0.0167 
Invested Capital13 B12.7 B
Invested Capital Average12.5 B12.5 B
Market Capitalization4.3 B4.6 B
Working Capital1.8 B1.4 B
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania. Alcoa Corp operates under Aluminum classification in the United States and is traded on New York Stock Exchange. It employs 12900 people.

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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.

Alcoa Corp Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Alcoa Corp and Century Aluminum C. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to the analysis of Alcoa Corp Correlation against competitors. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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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 underlying business (such as 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 Alcoa Corp value 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.