Macroaxis considers Alcoa not too volatile given 1 month investment horizon. Alcoa Inc secures Sharpe Ratio (or Efficiency) of 0.2556 which signifies that Alcoa Inc had 0.2556% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing Alcoa Inc technical indicators you can presently evaluate if the expected return of 0.6451% is justified by implied risk. Please makes use of Alcoa Inc Mean Deviation of 1.93 and Risk Adjusted Performance of 0.0907 to double-check if our risk estimates are consistent with your expectations.
|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 = 2.3026