Alcoa Hype Analysis, Alcoa Correlation, Alcoa Valuation, Alcoa Volatility as well as analyze Alcoa Alpha and Beta and Alcoa Performance.With this equity back-testing module your can estimate the performance of a buy and hold strategy of Alcoa Corporation and determine expected loss or profit from investing in Alcoa over given investment horizon. Check also
|Horizon||30 Days Login to change|
Alcoa 'What if' Analysis
June 20, 20190.00
August 19, 20190.00
If you would invest 0.00 in Alcoa on June 20, 2019 and sell it all today you would earn a total of 0.00 from holding Alcoa Corporation or generate 0.0% return on investment in Alcoa over 60 days. Alcoa is related to or competes with Aluminum, Kaiser Aluminum, Century Aluminum, Constellium, First Majestic, and AngloGold Ashanti. Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Bra...
Alcoa Upside/Downside Indicators
|Value At Risk||(4.52)|
Alcoa Market Premium Indicators
|Risk Adjusted Performance||(0.14)|
|Total Risk Alpha||(0.34)|
Alcoa Backtested Returns
Macroaxis considers Alcoa to be somewhat reliable. Alcoa secures Sharpe Ratio (or Efficiency) of -0.1673 which signifies that the organization had -0.1673% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Alcoa Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alcoa Risk Adjusted Performance of
(0.14) and Mean Deviation of 2.09 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 1.7451 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alcoa will likely underperform. Even though it is essential to pay attention to Alcoa historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Alcoa Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Alcoa has expected return of -0.453%. Please be advised to confirm Alcoa Mean Deviation, Standard Deviation, Treynor Ratio, as well as the relationship between Downside Deviation and Information Ratio to decide if Alcoa past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.16)|
|Spearman Rank Test||-0.28|
Alcoa lagged returns against current returns
Current and Lagged Values
Alcoa regressed lagged prices vs. current prices
Current vs Lagged Prices
Alcoa Lagged Returns
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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Check also Alcoa Hype Analysis, Alcoa Correlation, Alcoa Valuation, Alcoa Volatility as well as analyze Alcoa Alpha and Beta and Alcoa Performance. Please also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.