Alcoa Inc shows Mean Deviation of 2.21 and Risk Adjusted Performance of 0.115. Alcoa Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Alcoa Inc which can be compared to its rivals. Please confirm Alcoa Inc Mean Deviation, Standard Deviation, Treynor Ratio, as well as the relationship between Downside Deviation and Information Ratio to decide if Alcoa Inc is priced correctly providing market reflects its regular price of 34.81 per share. Given that Alcoa has Jensen Alpha of 0.7082, we suggest you validate Alcoa Inc prevailing market performance to make sure the company can sustain itself at future point.
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Alcoa Inc Trend AnalysisUse this graph to draw trend lines for Alcoa Inc. You can use it to identify possible trend reversals for Alcoa as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alcoa price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Alcoa Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Alcoa Inc applied against its price change over selected period. The best fit line has a slop of 0.18 % which suggests that Alcoa Inc will keep on generating value for investors. It has 44 observation points and a regression sum of squares at 58.94, which is the sum of squared deviations for the predicted Alcoa price change compared to its average price change.
Alcoa Inc is rated third in mean deviation category among related companies. It is rated third in standard deviation category among related companies creating about 1.24 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Alcoa Inc is roughly 1.24