Alcoa Corp Stock Market Value

AA Stock  USD 34.92  0.73  2.05%   
Alcoa Corp's market value is the price at which a share of Alcoa Corp trades on a public exchange. It measures the collective expectations of Alcoa Corp investors about its performance. Alcoa Corp is trading at 34.92 as of the 21st of July 2024, a 2.05% down since the beginning of the trading day. The stock's open price was 35.65.
With this module, you can estimate the performance of a buy and hold strategy of Alcoa Corp and determine expected loss or profit from investing in Alcoa Corp over a given investment horizon. Check out Alcoa Corp Correlation, Alcoa Corp Volatility and Alcoa Corp Alpha and Beta module to complement your research on Alcoa Corp.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.
Symbol

Alcoa Corp Price To Book Ratio

Is Metals & Mining space 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
0.2
Earnings Share
(3.07)
Revenue Per Share
59.918
Quarterly Revenue Growth
0.083
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.

Alcoa Corp 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alcoa Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alcoa Corp.
0.00
06/21/2024
No Change 0.00  0.0 
In 30 days
07/21/2024
0.00
If you would invest  0.00  in Alcoa Corp on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Alcoa Corp or generate 0.0% return on investment in Alcoa Corp over 30 days. Alcoa Corp is related to or competes with Fortitude Gold, and GoldMining. Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the Uni... More

Alcoa Corp Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alcoa Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alcoa Corp upside and downside potential and time the market with a certain degree of confidence.

Alcoa Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alcoa Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alcoa Corp's standard deviation. In reality, there are many statistical measures that can use Alcoa Corp historical prices to predict the future Alcoa Corp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alcoa Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
32.1834.9037.62
Details
Intrinsic
Valuation
LowRealHigh
30.6333.3536.07
Details
11 Analysts
Consensus
LowTargetHigh
32.1035.2739.15
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.050.521.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alcoa Corp. Your research has to be compared to or analyzed against Alcoa Corp's peers to derive any actionable benefits. When done correctly, Alcoa Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alcoa Corp.

Alcoa Corp Backtested Returns

Alcoa Corp secures Sharpe Ratio (or Efficiency) of -0.0087, which signifies that the company had a -0.0087% return per unit of standard deviation over the last 3 months. Alcoa Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alcoa Corp's mean deviation of 2.07, and Risk Adjusted Performance of 0.005 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alcoa Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alcoa Corp is expected to be smaller as well. At this point, Alcoa Corp has a negative expected return of -0.0235%. Please make sure to confirm Alcoa Corp's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Alcoa Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.73  

Almost perfect reverse predictability

Alcoa Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Alcoa Corp time series from 21st of June 2024 to 6th of July 2024 and 6th of July 2024 to 21st of July 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alcoa Corp price movement. The serial correlation of -0.73 indicates that around 73.0% of current Alcoa Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.73
Spearman Rank Test-0.35
Residual Average0.0
Price Variance4.48

Alcoa Corp lagged returns against current returns

Autocorrelation, which is Alcoa Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alcoa Corp's stock expected returns. We can calculate the autocorrelation of Alcoa Corp returns to help us make a trade decision. For example, suppose you find that Alcoa Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Alcoa Corp regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alcoa Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alcoa Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alcoa Corp stock over time.
   Current vs Lagged Prices   
       Timeline  

Alcoa Corp Lagged Returns

When evaluating Alcoa Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alcoa Corp stock have on its future price. Alcoa Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alcoa Corp autocorrelation shows the relationship between Alcoa Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Alcoa Corp.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Information and Resources on Investing in Alcoa Stock

When determining whether Alcoa Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alcoa Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alcoa Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alcoa Corp Stock:
Check out Alcoa Corp Correlation, Alcoa Corp Volatility and Alcoa Corp Alpha and Beta module to complement your research on Alcoa Corp.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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.
A focus of Alcoa Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alcoa Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...