Alcoa Stock Price on August 12, 2022 Breakdown

AA
 Stock
  

USD 47.89  0.62  1.28%   

As of today, the current price of Alcoa Corp is  47.89 , as last reported on the 27th of November, with the highest price reaching  48.94  and the lowest price hitting  47.61  during the day.
Alcoa Corp secures Sharpe Ratio (or Efficiency) of -0.0235, which signifies that the company had -0.0235% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Alcoa Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alcoa Corp risk adjusted performance of (0.016397), and Mean Deviation of 3.7 to double-check the risk estimate we provide.
  
The current year Net Income Common Stock is expected to grow to about 462.9 M. The current year Price to Earnings Ratio is expected to grow to 27.95, whereas Price to Book Value is forecasted to decline to 2.09. Alcoa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
176 M
Shares Outstanding
176.9 M
Shares Short Prior Month
8.1 M
Dividend Share
0.4
Earnings Share
5.14
Shares Short
10.6 M

Related Headline

Reliance Steel Headline on 12th of August 2022

Filed transaction by Reliance Steel Aluminum C officer. Unconventional Insider trading

Alcoa Corp Valuation on August 12, 2022

It is possible to determine the worth of Alcoa Corp on a given historical date. On August 12, 2022 Alcoa was worth 52.4 at the beginning of the trading date compared to the closed value of 52.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alcoa Corp stock. Still, in general, we apply an absolute valuation method to find Alcoa Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alcoa Corp's related companies.
 Open High Low Close Volume
  54.27    55.63    53.12    53.14    4,924,500  
08/12/2022
  52.40    53.43    51.77    52.63    4,262,700  
  50.59    52.18    49.93    51.57    4,225,000  
Backtest Alcoa Corp  |  Alcoa Corp History  |  Alcoa Corp Valuation   PreviousNext  
Open Value 52.4
52.63
Closing Value
66.67
Upside

Alcoa Corp Trading Date Momentum on August 12, 2022

On August 15 2022 Alcoa Corp was traded for  51.57  at the closing time. The highest price during the trading period was 52.18  and the lowest recorded bid was listed for  49.93 . The volume for the day was 4.2 M. This history from August 15, 2022 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.01% . The overall trading delta to the current price is 5.00% .

Alcoa Corp Fundamentals Correlations and Trends

By evaluating Alcoa Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alcoa Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alcoa financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Alcoa Corp Stock history

Alcoa Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alcoa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alcoa Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alcoa Corp historical stock prices may prove useful in developing a viable investing in Alcoa Corp
Last ReportedProjected for 2022
Weighted Average Shares167.4 M166 M
Weighted Average Shares Diluted190 M178.6 M
Issuance Purchase of Equity Shares-125 M-128.3 M

Alcoa Corp Stock Technical Analysis

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...

Price Boundaries

Alcoa Corp Period Price Range

Low
August 12, 2022
High

 52.40 

  

 52.63 

0.230.44%

Alcoa Corp November 27, 2022 Market Strength

Market strength 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 undertsting and applying Alcoa Corp stock market strength indicators, traders can identify Alcoa Corp entry and exit signals to maximize returns

Alcoa Corp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Alcoa stock's direction in advance. Along with the technical and fundamental analysis of Alcoa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alcoa to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your 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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Is Alcoa Corp's industry 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 YOY
0.81
Market Capitalization
8.5 B
Quarterly Revenue Growth YOY
(0.08) 
Return On Assets
0.0996
Return On Equity
0.0144
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 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.