Alcoa Total Stockholder Equity vs Common Stock Shares Outstanding Analysis
AA Stock | USD 39.83 0.33 0.82% |
Alcoa Corp financial indicator trend analysis is way more than just evaluating Alcoa Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Corp is a good investment. Please check the relationship between Alcoa Corp Total Stockholder Equity and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.
Total Stockholder Equity vs Common Stock Shares Outstanding
Total Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Corp Total Stockholder Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alcoa Corp's Total Stockholder Equity and Common Stock Shares Outstanding is -0.42. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Alcoa Corp, assuming nothing else is changed. The correlation between historical values of Alcoa Corp's Total Stockholder Equity and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Alcoa Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Stockholder Equity i.e., Alcoa Corp's Total Stockholder Equity and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.42 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Alcoa Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.At present, Alcoa Corp's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 26.11, whereas Tax Provision is forecasted to decline to about 179.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 195M | 106M | 107M | 147.5M | Depreciation And Amortization | 664M | 617M | 632M | 599.4M |
Alcoa Corp fundamental ratios Correlations
Click cells to compare fundamentals
Alcoa Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alcoa Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 185M | 186M | 190M | 181M | 178M | 202.5M | |
Total Assets | 14.6B | 14.9B | 15.0B | 14.8B | 14.2B | 12.7B | |
Short Long Term Debt Total | 1.8B | 2.5B | 1.7B | 1.8B | 1.8B | 1.6B | |
Other Current Liab | 561M | 870M | 791M | 1.2B | 1.1B | 858M | |
Total Current Liabilities | 2.6B | 2.8B | 3.2B | 3.0B | 3.0B | 3.2B | |
Total Stockholder Equity | 4.1B | 3.3B | 4.6B | 5.1B | 4.3B | 4.6B | |
Other Liab | 4.3B | 4.6B | 3.8B | 3.3B | 3.8B | 4.3B | |
Net Tangible Assets | 3.9B | 3.3B | 4.6B | 5.1B | 4.6B | 4.6B | |
Property Plant And Equipment Net | 7.9B | 7.2B | 6.6B | 6.5B | 6.8B | 6.6B | |
Current Deferred Revenue | 517M | 486M | 757M | 88M | 79.2M | 75.2M | |
Net Debt | 921M | 858M | (87M) | 444M | 835M | 444.6M | |
Accounts Payable | 1.5B | 1.4B | 1.7B | 1.8B | 1.7B | 1.8B | |
Cash | 879M | 1.6B | 1.8B | 1.4B | 976M | 1.2B | |
Non Current Assets Total | 11.1B | 10.3B | 10.0B | 9.5B | 9.8B | 9.5B | |
Non Currrent Assets Other | 1.2B | 1.3B | 1.5B | 1.4B | 1.4B | 1.2B | |
Other Assets | 1.7B | 10.3M | (1.6B) | 1.9B | 1.7B | 1.2B | |
Long Term Debt | 1.8B | 2.5B | 1.7B | 1.8B | 1.7B | 1.6B | |
Cash And Short Term Investments | 879M | 1.6B | 1.8B | 1.4B | 1.0B | 1.2B | |
Net Receivables | 660M | 556M | 884M | 909M | 808M | 870.4M | |
Good Will | 151M | 150M | 145M | 144M | 146M | 120.2M | |
Liabilities And Stockholders Equity | 14.6B | 14.9B | 15.0B | 14.8B | 14.2B | 12.7B | |
Non Current Liabilities Total | 6.2B | 7.1B | 5.5B | 5.2B | 5.3B | 5.9B | |
Other Current Assets | 288M | 290M | 358M | 417M | 434M | 381.0M | |
Other Stockholder Equity | 9.6B | 9.7B | 9.6B | 9.2B | 9.2B | 9.2B | |
Total Liab | 8.8B | 9.9B | 8.8B | 8.2B | 8.3B | 9.1B | |
Long Term Investments | 1.1B | 1.1B | 1.2B | 1.1B | 979M | 1.0B | |
Property Plant And Equipment Gross | 7.9B | 7.2B | 19.8B | 19.6B | 20.4B | 13.5B | |
Total Current Assets | 3.5B | 4.5B | 5.0B | 5.3B | 4.4B | 4.4B | |
Accumulated Other Comprehensive Income | (5.0B) | (5.7B) | (4.6B) | (3.6B) | (3.6B) | (3.8B) | |
Intangible Assets | 52M | 45M | 36M | 29M | 37M | 46.1M | |
Property Plant Equipment | 8.0B | 7.2B | 6.6B | 6.5B | 5.8B | 6.8B | |
Long Term Debt Total | 1.8B | 2.5B | 1.7B | 1.8B | 2.1B | 1.7B | |
Noncontrolling Interest In Consolidated Entity | 1.8B | 1.7B | 1.6B | 1.5B | 1.4B | 1.5B | |
Retained Earnings | (555M) | (725M) | (315M) | (549M) | (1.3B) | (1.2B) | |
Retained Earnings Total Equity | (555M) | (725M) | (315M) | (570M) | (513M) | (487.4M) |
Pair Trading with Alcoa Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alcoa Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alcoa Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Alcoa Stock
0.94 | FNV | Franco Nevada | PairCorr |
0.95 | KGC | Kinross Gold Aggressive Push | PairCorr |
0.92 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
Moving against Alcoa Stock
0.82 | PKX | POSCO Holdings | PairCorr |
0.81 | X | United States Steel | PairCorr |
The ability to find closely correlated positions to Alcoa Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alcoa Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alcoa Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alcoa Corp to buy it.
The correlation of Alcoa Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alcoa Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alcoa Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alcoa Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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Is Alcoa Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.81 | Dividend Share 0.4 | Earnings Share (3.76) | Revenue Per Share 58.794 | Quarterly Revenue Growth (0.03) |
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.