Alcoa Beta

    Alcoa Corporation -- USA Stock  

    USD 41.65  0.56  1.33%

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    Beta Analysis

    Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
    Alcoa 
    Beta 
     = 
    Covariance 
    Variance 
     = 
    0.69

    Distress Driver Correlations

    About Beta

    In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
    Compare to competition

    Income

    Alcoa Income Change Over Time

    Accumulated Other Comprehensive Income

    In accordance with recently published financial statements Alcoa Corporation has Beta of 0.69. This is much higher than that of the Primary Production sector, and significantly higher than that of Non-ferrous Metals Production And Products industry, The Beta for all stocks is over 1000% lower than the firm.

    Peer Comparison

    Alcoa Beta Comparison
      Beta 
          Alcoa Comparables 
    Alcoa is rated below average in beta category among related companies.

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    Price Exposure Probability

    Analyze equity upside and downside potential for a given time horizon across multiple markets
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    As returns on market increase, Alcoa returns are expected to increase less than the market. However during bear market, the loss on holding Alcoa will be expected to be smaller as well.