Alcoa Total Risk Alpha

    Alcoa Inc has current Total Risk Alpha of 0.1126. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
    Alcoa 
    Total Risk Alpha 
     = 
    RFR + (ER[b] - ER[a]) 
    x  
    STD[a] / STD[b] 
     = 
    0.1126
    ER[a] =   Expected return on investing in Alcoa
    ER[b] =   Expected return on market index or selected benchmark
    STD[a] =   Standard Deviation of returns on Alcoa
    STD[b] =   Standard Deviation of selected market or benchmark
    RFR =   Risk Free Rate of return. Typically T-Bill Rate

    Total Risk Alpha Comparison

    Alcoa Inc is rated third in total risk alpha category among related companies. It is rated second in maximum drawdown category among related companies reporting about  137.32  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Alcoa Inc is roughly  137.32 
    The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.
    Compare Alcoa to competition
    Alcoa Corporationration engages in mining and production of bauxite, alumina, and aluminum products. more
    NameAlcoa Inc
    InstrumentUSA Stock
    RegionNorth America
    ExchangeNew York Stock Exchange
    CIK Number01675149.0
    ISINUS0138171014
    CUSIPNone
    New SymbolARNC
    Analyst Consensus
    Piotroski F Score
    Macroaxis Advice
    Bond Rating