Alcoa Market Capitalization vs Tangible Asset Value Analysis

    Market Capitalization vs Tangible Asset Value

    Market Capitalization

    Market capitalization (or market cap) is the total value of the shares outstanding of Alcoa Inc. It is equal to Alcoa current share price times the number of Alcoa Inc outstanding shares. Represents the product of [SHARESBAS], [PRICE] and [SHAREFACTOR].

    Tangible Asset Value

    The value of tangibles assets calculated as the difference between Total Assets and Goodwill and Intangible Assets.

    Accounts Relationship

    Market Capitalization vs Tangible Asset Value

    Significance: Weak Relationship

    Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Alcoa Inc Market Capitalization account and Tangible Asset Value

    Correlation Coefficient

    0.33
    Relationship DirectionPositive 
    Relationship StrengthVery Weak