|Alcoa Corporation -- USA Stock|| |
USD 42.3 1.1 2.53%
shows prevailing Real Value
of $41.70975 per share. The current price of the firm is $42.3. At this time the firm appears to be fairly valued
. Macroaxis approximates value of Alcoa
from analyzing the firm fundamentals
such as Profit Margin
of 1.59% and Return On Equity of 3.26% as well as examining its technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point assets prices and their ongoing real values will blend.
We’re going to take a look at this company use only technical analysis, as the chart can provide a variety of information. However, I do not recommend using strictly technical or fundamental analysis, but rather a mixture of both.
The chart has show that is broke a resistance area between $25 and $26, which had been tested multiple times. Price did eventually end up breaking the resistance area, but did so on falling volume. After the breakout, price went sideways, creating a support level that has been tested twice, around the $28.50 area. It currently is in a range and this might be a great time to pay close attention because a break in either direction could signal a profit potential. So in the current situation, I would recommend waiting for price to break out of the current channel, which then could provide a larger movement in one direction.
Valuation Drivers Correlation
Enterprise Value Invested Capital Invested Capital Average
Selected Alcoa Corporation Valuation Data Over Time
Alcoa Corporation is rated third
in price to earning category among related companies. It is rated below average
in beta category among related companies totaling about 0.01
of Beta per Price to Earning. The ratio of Price to Earning to Beta for Alcoa Corporation is roughly 69.59
November 19, 2017
Alcoa is not too volatile
asset. Calculation of real value of Alcoa is based on 1 month time horizon. Increasing Alcoa time horizon generally increases accuracy of value calculation and significantly improves predictive power of the methodology used.
Alcoa Corporation is rated fourth
in market capitalization category among related companies. Market capitalization
of Non-ferrous Metals Production And Products
industry is presently estimated at about 69.95 Billion. Alcoa retains roughly 7.81 Billion in market capitalization claiming about 11% of all equities under Non-ferrous Metals Production And Products industry.