Macroaxis considers Alcoa to be not very risky. Alcoa Inc secures Sharpe Ratio (or Efficiency) of -0.1033 which signifies that Alcoa Inc had -0.1033% of return per unit of standard deviation over the last 1 month. 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 Inc exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alcoa Inc Mean Deviation of 2.18 and Risk Adjusted Performance of
(0.05) to double-check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
Alcoa Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alcoa will likely underperform.One Month Beta |Analyze Alcoa Inc Demand TrendCheck current 30 days Alcoa correlation with market (NYSE)|
β = 4.0324