## Alcoa Technical Analysis |

Alcoa Corporation -- USA Stock | ## USD 41.39 0.82 1.94% |

Alcoa Corporation shows Mean Deviation of 1.39 and Risk Adjusted Performance of (0.11). Alcoa technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Alcoa Corporation which can be compared to its rivals. Please confirm Alcoa Mean Deviation, Standard Deviation, Treynor Ratio, as well as the relationship between Downside Deviation and Information Ratio to decide if Alcoa is priced correctly providing market reflects its regular price of 41.39 per share. Given that Alcoa has Jensen Alpha of (0.71), we suggest you validate Alcoa Corporation prevailing market performance to make sure the company can sustain itself at future point.

Investment Horizon | 30 Days Login to change |

## Alcoa Trend Analysis

Use this graph to draw trend lines for Alcoa Corporation. You can use it to identify possible trend reversals for Alcoa as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alcoa price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.## Alcoa Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Alcoa Corporation applied against its price change over selected period. The best fit line has a slop of 0.46 % which may indicate that the price for Alcoa Corporation will continue to decline. It has 34 observation points and a regression sum of squares at 173.02, which is the sum of squared deviations for the predicted Alcoa price change compared to its average price change.## World Markets CorrelationFind global opportunities by holding instruments from different markets |

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**third**in mean deviation category among related companies. It is rated

**second**in standard deviation category among related companies creating about 1.46 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Alcoa Corporation is roughly 1.46

## Technical Drivers

Alcoa November 22, 2017 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 | (0.11) | ||

Market Risk Adjusted Performance | (0.58) | ||

Mean Deviation | 1.39 | ||

Coefficient Of Variation | (314.62) | ||

Standard Deviation | 2.03 | ||

Variance | 4.12 | ||

Information Ratio | (0.35) | ||

Jensen Alpha | (0.71) | ||

Total Risk Alpha | (0.93) | ||

Treynor Ratio | (0.59) | ||

Maximum Drawdown | 10.06 | ||

Value At Risk | (2.92) | ||

Potential Upside | 2.6 | ||

Skewness | 0.1463 | ||

Kurtosis | 2.04 |

## Fundamentals Correlations

Analyze Alcoa Fundamentals Trends