Alcoa Corp Stock Alpha and Beta Analysis

AA Stock  USD 45.88  1.54  3.25%   
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. Key technical indicators related to Alcoa Corp's market risk premium analysis include:
Beta
1.98
Alpha
0.29
Risk
3.23
Sharpe Ratio
0.19
Expected Return
0.62
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 Jones Industrial index.) So in this particular case, Alcoa Corp did 0.29  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 1.98  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alcoa Corp will likely underperform. At present, Alcoa Corp's Book Value Per Share is projected to decrease significantly based on the last few years of reporting. The current year's Tangible Book Value Per Share is expected to grow to 44.42, whereas Price Book Value Ratio is forecasted to decline to 1.02.

Alcoa Corp Quarterly Cash And Equivalents

926 Million

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.
  
Check out Alcoa Corp Backtesting, Alcoa Corp Valuation, Alcoa Corp Correlation, Alcoa Corp Hype Analysis, Alcoa Corp Volatility, Alcoa Corp History and analyze Alcoa Corp Performance.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

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.
α0.29   β1.98

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 Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 40.09 with a coefficient of variation of 13.26. The daily time series for the period is distributed with a sample standard deviation of 5.12, arithmetic mean of 38.64, and mean deviation of 4.22. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Acquisition by Tammi Jones of 4040 shares of Alcoa Corp subject to Rule 16b-3
09/05/2024
2
Alcoa Announces the Appointment of Gaby Poirier as President of Alcoa Canada
10/17/2024
3
These White Male CEOs Got Wealthier From Diversity-Linked Pay
10/29/2024
4
Acquisition by Tammi Jones of 960 shares of Alcoa Corp subject to Rule 16b-3
11/01/2024
5
Aluminum rises to five-month high as Alcoa halts bauxite shipments from key Brazil mine
11/08/2024
 
Alcoa Corp dividend paid on 15th of November 2024
11/15/2024
7
Are these ASX mining shares the place to invest for 2025
11/18/2024
8
WA Day Djinda the robot dog highlights awaited WA Day festival fun
11/19/2024
9
Alcoa Executive Vice President and Chief Financial Officer Molly Beerman to participate in Citis 2024 Basic Materials Conference
11/21/2024
10
Monsters of Rock MinRes cops a strike, BHP pulls back curtain on Chile copper plans
11/22/2024
11
Alcoa Corp Trading 3.34 percent Higher on Nov 25
11/25/2024

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 financial instruments including Alcoa or other stocks. 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.
 2022 2023 2024 (projected)
Dividend Yield0.0087480.01190.005962
Price To Sales Ratio0.640.570.43

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.
17th of April 2024
Upcoming Quarterly Report
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17th of July 2024
Next Financial Report
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31st of March 2024
Next Fiscal Quarter End
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15th of January 2025
Next Fiscal Year End
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31st of December 2023
Last Quarter Report
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31st of December 2023
Last Financial Announcement
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Build Portfolio with Alcoa Corp

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out Alcoa Corp Backtesting, Alcoa Corp Valuation, Alcoa Corp Correlation, Alcoa Corp Hype Analysis, Alcoa Corp Volatility, Alcoa Corp History and analyze Alcoa Corp Performance.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.
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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...