Alcoa Stock Performance

AA
 Stock
  

USD 52.76  0.51  0.96%   

The firm shows a Beta (market volatility) of 1.921, 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. Even though it is essential to pay attention to Alcoa Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Alcoa Corp exposes twenty-one different technical indicators, which can help you to evaluate its performance. Alcoa Corp has an expected return of -0.15%. Please be advised to 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 performance from the past will be repeated at some point in the near future.
  
Alcoa Performance
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Over the last 90 days Alcoa Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest sluggish performance, the Stock's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.0082
Payout Ratio
0.0389
Last Split Factor
1000:801
Forward Annual Dividend Rate
0.4
Dividend Date
2022-08-25
Ex Dividend Date
2022-08-08
Last Split Date
2016-11-01

Alcoa Price Channel

Quick Ratio0.82
Fifty Two Week Low36.61
Target High Price80.00
Fifty Two Week High98.09
Payout Ratio5.84%
Trailing Annual Dividend Yield0.68%
Target Low Price45.00

Alcoa Corp Relative Risk vs. Return Landscape

If you would invest  6,016  in Alcoa Corp on May 14, 2022 and sell it today you would lose (740.00)  from holding Alcoa Corp or give up 12.3% of portfolio value over 90 days. Alcoa Corp is generating negative expected returns and assumes 3.592% volatility on return distribution over the 90 days horizon. Put differently, 31% 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 under-perform the market. In addition to that, the company is 2.83 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of volatility.

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 = -0.041

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Estimated Market Risk
 3.59
  actual daily
 
 31 %
of total potential
 
3131
Expected Return
 -0.15
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.04
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Alcoa Corp is performing at about 0% 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 2022
Effect of Exchange Rate Changes on Cash-13 M-14 M
Return on Investment 14.95  16.13 
Return on Average Assets 0.029  0.0313 
Return on Average Equity 0.11  0.12 
Return on Invested Capital 0.10  0.11 
Return on Sales 0.10  0.11 
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, 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 12200 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 generated a negative expected return over the last 90 days
Alcoa Corp has high historical volatility and very poor performance
Alcoa Corp has a strong financial position based on the latest SEC filings
Over 89.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.gurufocus.com: Top 5 2nd Quarter Trades of Ke - GuruFocus.com
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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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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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
9.6 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.12
Return On Equity
0.19
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.