Alcoa Corp Stock Price on May 2, 2024
AA Stock | USD 41.22 1.07 2.67% |
Below is the normalized historical share price chart for Alcoa Corp extending back to January 02, 1962. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alcoa Corp stands at 41.22, as last reported on the 19th of May, with the highest price reaching 41.55 and the lowest price hitting 40.66 during the day.
If you're considering investing in Alcoa Stock, it is important to understand the factors that can impact its price. Alcoa Corp appears to be very steady, given 3 months investment horizon. Alcoa Corp secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of standard deviation over the last 3 months. By analyzing Alcoa Corp's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of Alcoa Corp's risk adjusted performance of 0.1514, and Mean Deviation of 2.25 to double-check if our risk estimates are consistent with your expectations.
At present, Alcoa Corp's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 4.6 B, whereas Common Stock Total Equity is forecasted to decline to about 1.7 M. . At present, Alcoa Corp's Price To Operating Cash Flows Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Cash Flow Ratio is expected to grow to 69.83, whereas Price To Sales Ratio is forecasted to decline to 0.43. Alcoa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of November 2016 | 200 Day MA 29.9632 | 50 Day MA 35.0826 | Beta 2.449 |
Alcoa |
Sharpe Ratio = 0.2535
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Estimated Market Risk
2.87 actual daily | 25 75% of assets are more volatile |
Expected Return
0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Alcoa Corp is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alcoa Corp by adding it to a well-diversified portfolio.
Price Book 1.4868 | Enterprise Value Ebitda 47.0418 | Price Sales 0.599 | Shares Float 177.8 M | Dividend Share 0.4 |
Alcoa Corp Valuation on May 2, 2024
It is possible to determine the worth of Alcoa Corp on a given historical date. On May 2, 2024 Alcoa was worth 34.11 at the beginning of the trading date compared to the closed value of 35.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alcoa Corp stock. Still, in general, we apply an absolute valuation method to find Alcoa Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alcoa Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alcoa Corp's related companies.
Open | High | Low | Close | Volume | |
35.20 | 35.47 | 33.88 | 34.25 | 8,382,000 | |
05/02/2024 | 34.11 | 35.98 | 34.03 | 35.94 | 5,318,340 |
36.70 | 37.20 | 36.26 | 36.77 | 5,376,928 |
Backtest Alcoa Corp | | | Alcoa Corp History | | | Alcoa Corp Valuation | Previous | Next |
Alcoa Corp Trading Date Momentum on May 2, 2024
On May 03 2024 Alcoa Corp was traded for 36.77 at the closing time. The highest price during the trading period was 37.20 and the lowest recorded bid was listed for 36.26 . The volume for the day was 5.4 M. This history from May 3, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 2.31% . The overall trading delta to the current price is 4.76% . |
Alcoa Corp Fundamentals Correlations and Trends
By evaluating Alcoa Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alcoa Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alcoa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alcoa Corp Stock history
Alcoa Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alcoa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alcoa Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alcoa Corp stock prices may prove useful in developing a viable investing in Alcoa Corp
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 178 M | 202.5 M | |
Net Loss | -117.3 M | -123.2 M |
Alcoa Corp Quarterly Net Working Capital |
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Alcoa Corp Stock Technical Analysis
Alcoa Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Alcoa Corp Period Price Range
Low | May 2, 2024
| High |
34.11 | 35.94 |
Alcoa Corp May 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Alcoa Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alcoa Corp shares will generate the highest return on investment. By undertsting and applying Alcoa Corp stock market strength indicators, traders can identify Alcoa Corp entry and exit signals to maximize returns
Alcoa Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alcoa Corp's price direction in advance. Along with the technical and fundamental analysis of Alcoa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alcoa to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.1514 | |||
Jensen Alpha | 0.512 | |||
Total Risk Alpha | 0.254 | |||
Sortino Ratio | 0.2329 | |||
Treynor Ratio | 0.3456 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Alcoa Stock analysis
When running Alcoa Corp's price analysis, check to measure Alcoa Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.
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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 (3.76) | Revenue Per Share 58.794 | 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.