Alcoa Beta

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    Beta Analysis

    Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
    Alcoa 
    Beta 
     = 
    Covariance 
    Variance 
     = 
    0.69

    Distress Driver Correlations

    About Beta

    In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
    Compare to competition

    Alcoa Beta Assessment

     Beta 
    Benchmark  Embed   Alcoa Comparables 
    In accordance with recently published financial statements Alcoa Inc has Beta of 0.69. This is much higher than that of the Primary Production sector, and significantly higher than that of Non-ferrous Metals Production And Products industry, The Beta for all stocks is over 1000% lower than the firm.
    Peer Comparison
    Alcoa Beta Comparison
      Beta 
    Benchmark  Embed   Alcoa Comparables 
    Alcoa is rated fifth in beta category among related companies.
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    As returns on market increase, Alcoa returns are expected to increase less than the market. However during bear market, the loss on holding Alcoa will be expected to be smaller as well.
    Return On Equity(0.09) %
    Return On Asset(0.05) %
    Profit Margin(0.08) %
    Operating Margin4.31 %
    Current Valuation20.47 B
    Shares Outstanding419.67 M
    Shares Owned by Insiders0.13 %
    Shares Owned by Institutions62.50 %
    Number of Shares Shorted5.01 M
    Price to Earning82.18 times
    Price to Book0.87 times
    Price to Sales0.65 times
    Revenue11.2 B
    Gross Profit2.16 B
    EBITDA589 M
    Net Income(863 M)
    Cash and Equivalents557 M
    Cash per Share1.32 times
    Total Debt225 M
    Debt to Equity0.16 times
    Current Ratio1.64 times
    Book Value Per Share9.20 times
    Cash Flow from Operations875 M
    Short Ratio1.10 times
    Earnings Per Share(5.94) times
    Price to Earnings To Growth(0.38) times
    Number of Employees16 K
    Beta0.69
    Market Capitalization12.93 B
    Total Asset16.41 B
    Retained Earnings8.83 B
    Working Capital162 M
    Current Asset2.57 B
    Current Liabilities2.4 B
    Z Score34.2