Alcoa Stock Performance

AA -  USA Stock  

USD 37.06  0.17  0.46%

Alcoa Corp has performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.6669, which signifies a somewhat significant risk relative to the market. Let's try to break down what Alcoa's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alcoa Corp will likely underperform. Although it is extremely important to respect Alcoa Corp historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Alcoa Corp technical indicators, you can presently evaluate if the expected return of 0.0686% will be sustainable into the future. Alcoa Corp right now shows a risk of 3.36%. Please confirm Alcoa Corp mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and information ratio to decide if Alcoa Corp will be following its price patterns.

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 Alcoa Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Alcoa Corp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Alcoa Corp is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more

Alcoa Price Channel

Quick Ratio1.00
Fifty Two Week Low10.98
Target High Price56.00
Fifty Two Week High44.42
Trailing Annual Dividend Yield0.97%
Target Low Price27.00

Alcoa Corp Relative Risk vs. Return Landscape

If you would invest  3,675  in Alcoa Corp on April 27, 2021 and sell it today you would earn a total of  31.00  from holding Alcoa Corp or generate 0.84% return on investment over 90 days. Alcoa Corp is generating 0.0686% of daily returns and assumes 3.3621% volatility on return distribution over the 90 days horizon. Put differently, 28% of stocks are less risky than Alcoa on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Allowing for the 90-day total investment horizon Alcoa Corp is expected to generate 4.49 times more return on investment than the market. However, the company is 4.49 times more volatile than its market benchmark. It trades about 0.02 of its potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of risk.

Alcoa Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alcoa Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Alcoa Corp, and traders can use it to determine the average amount a Alcoa Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0204

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Estimated Market Risk
 3.36
  actual daily
 
 28 %
of total potential
 
2828
Expected Return
 0.07
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.02
  actual daily
 
 1 %
of total potential
 
11
Based on monthly moving average Alcoa Corp is performing at about 1% 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.

About Alcoa Corp Performance

To evaluate Alcoa Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Alcoa Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Alcoa Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Alcoa Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Alcoa's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Effect of Exchange Rate Changes on Cash-14 M-15.1 M
Return on Investment 3.47  5.00 
Return on Average Assets(0.012) (0.0129) 
Return on Average Equity(0.046) (0.0496) 
Return on Invested Capital 0.013  0.0167 
Return on Sales 0.018  0.0194 
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania. Alcoa Corp operates under Aluminum classification in the United States and is traded on New York Stock Exchange. It employs 12900 people.

Things to note about Alcoa Corp

Checking the ongoing alerts about Alcoa Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Alcoa Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Alcoa Corp Alerts

Equity Alerts and Improvement Suggestions

Alcoa Corp has very high historical volatility over the last 90 days
The company generated the yearly revenue of 9.77 B. Annual Net Loss to common stockholders was (75 M) with gross profit of 1.36 B.
Over 82.0% of the company shares are held by institutions such as insurance companies
Latest headline from pulse2.com: AA Stock 51 Target From Goldman Sachs - Pulse 2.0
Please continue to Trending Equities. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Alcoa Corp 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 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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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 underlying business (such as 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 Alcoa Corp value 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.