Alcoa Stock Alpha and Beta Analysis

AA -  USA Stock  

USD 47.95  2.35  5.15%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Alcoa Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Alcoa Corp over a specified time horizon. Remember, high Alcoa Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please continue to Alcoa Corp Backtesting, Alcoa Corp Valuation, Alcoa Corp Correlation, Alcoa Corp Hype Analysis, Alcoa Corp Volatility, Alcoa Corp History and analyze Alcoa Corp Performance.

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Please note that although Alcoa Corp alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Alcoa Corp did 0.61  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Alcoa Corp stock's relative risk over its benchmark. Alcoa Corp has a beta of 0.51  . Let's try to break down what Alcoa's beta means in this case. As returns on the market increase, Alcoa Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Alcoa Corp will be expected to be smaller as well.
Alcoa Corp Book Value per Share is projected to decrease significantly based on the last few years of reporting. The past year's Book Value per Share was at 17.81. The current year Enterprise Value over EBIT is expected to grow to 35.68, whereas Price to Book Value is forecasted to decline to 1.21.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Alcoa Corp Quarterly Book Value per Share

20.185Share

Alcoa Corp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Alcoa Corp market risk premium is the additional return an investor will receive from holding Alcoa Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Alcoa Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Alcoa Corp's performance over market.
α0.61   β0.51
90 days against DJI

Alcoa Corp expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Alcoa Corp's Buy-and-hold return. Our buy-and-hold chart shows how Alcoa Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Alcoa Corp Market Price Analysis

Market price analysis indicators help investors to evaluate how Alcoa Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alcoa Corp shares will generate the highest return on investment. By understating and applying Alcoa Corp stock market price indicators, traders can identify Alcoa Corp position entry and exit signals to maximize returns.

Alcoa Corp Return and Market Media

The median price of Alcoa Corp for the period between Sat, Jun 26, 2021 and Fri, Sep 24, 2021 is 40.15 with a coefficient of variation of 12.27. The daily time series for the period is distributed with a sample standard deviation of 5.0, arithmetic mean of 40.76, and mean deviation of 4.28. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
      Timeline 
1
EPS Estimate06/30/2021
2
Acquisition by Steven Williams of 1850 shares of Alcoa Corp ...07/08/2021
3
Unclassified Event07/12/2021
4
Earnings Previews Alcoa, Ericsson, Kansas City Southern - 24...07/14/2021
5
EPS Reported07/15/2021
6
Why Alcoa Stock Popped Today - Nasdaq07/20/2021
7
Why Alcoa, Nucor Shares Are Trading Higher Today - Benzinga ...08/10/2021
8
Forget Meme Trades, GameStop Stock Is Ready for Investors - ...08/24/2021
9
Aluminum Notches Decade Highs on Soaring Demand, Snarled Sup...08/30/2021
10
Financial Statements08/31/2021
11
Alcoa Corp Down 0.87 percent in Premarket Trading - Investor...09/14/2021
12
Exercise or conversion by Timothy Reyes of 7390 shares of Al...09/15/2021
13
Financial Statements09/20/2021
14
EPS Estimate09/21/2021

About Alcoa Corp Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Alcoa Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2018 2019 2020 2021 (projected)
Long Term Debt to Equity0.330.440.740.8
Interest Coverage14.021.391.251.28

Alcoa Corp Upcoming Company Events

As portrayed in its financial statements, the presentation of Alcoa Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Alcoa Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Alcoa Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Alcoa Corp. Please utilize our Beneish M Score to check the likelihood of Alcoa Corp's management manipulating its earnings.
Upcoming Quarterly Report13th of October 2021
Next Earnings Report19th of January 2022
Next Fiscal Quarter End30th of September 2021
Next Fiscal Year End19th of January 2022
Last Quarter Report30th of June 2021
Last Earning Announcement30th of September 2020

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Please continue to Alcoa Corp Backtesting, Alcoa Corp Valuation, Alcoa Corp Correlation, Alcoa Corp Hype Analysis, Alcoa Corp Volatility, Alcoa Corp History and analyze Alcoa Corp Performance. 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Alcoa Stock analysis

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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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...