Alcoa (Australia) Price on October 9, 2024
| AAI Stock | 64.21 0.84 1.29% |
If you're considering investing in Alcoa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alcoa stands at 64.21, as last reported on the 11th of December 2024, with the highest price reaching 64.95 and the lowest price hitting 63.72 during the day. Alcoa appears to be very steady, given 3 months investment horizon. Alcoa Inc secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of standard deviation over the last 3 months. By analyzing Alcoa's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Alcoa's risk adjusted performance of 0.1567, and Mean Deviation of 2.21 to double-check if our risk estimates are consistent with your expectations.
Alcoa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alcoa |
Sharpe Ratio = 0.2066
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AAI | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.9 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.6 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Alcoa is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alcoa by adding it to a well-diversified portfolio.
Alcoa Valuation on October 9, 2024
It is possible to determine the worth of Alcoa on a given historical date. On October 9, 2024 Alcoa was worth 55.79 at the beginning of the trading date compared to the closed value of 55.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alcoa stock. Still, in general, we apply an absolute valuation method to find Alcoa's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alcoa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alcoa's related companies.
| Open | High | Low | Close | Volume | |
| 58.22 | 59.00 | 56.55 | 56.62 | 281,058 | |
10/09/2024 | 55.79 | 56.42 | 55.44 | 55.57 | 92,749 |
| 56.37 | 57.37 | 55.98 | 57.37 | 164,795 |
| Backtest Alcoa | | | Alcoa History | | | Alcoa Valuation | Previous | Next |
Alcoa Trading Date Momentum on October 9, 2024
| On October 10 2024 Alcoa Inc was traded for 57.37 at the closing time. The maximum traded price for the trading interval was 57.37 and the lowest daily price was 55.98 . The daily volume was recorded at 164.8 K. The volume of trading on 10th of October 2024 played a part in the next trading day price appreciation. The overall trading delta to the next closing price was 3.24% . The overall trading delta to the closing price today is 13.19% . |
Alcoa Inc Fundamentals Correlations and Trends
By evaluating Alcoa's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alcoa's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alcoa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alcoa Stock history
Alcoa investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alcoa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alcoa Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alcoa stock prices may prove useful in developing a viable investing in Alcoa
Alcoa Stock Technical Analysis
Alcoa technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Alcoa Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Alcoa Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alcoa December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Alcoa stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alcoa shares will generate the highest return on investment. By undertsting and applying Alcoa stock market strength indicators, traders can identify Alcoa Inc entry and exit signals to maximize returns
Alcoa Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alcoa's price direction in advance. Along with the technical and fundamental analysis of Alcoa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alcoa to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1567 | |||
| Jensen Alpha | 0.631 | |||
| Total Risk Alpha | 0.1294 | |||
| Sortino Ratio | 0.177 | |||
| Treynor Ratio | (1.57) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Alcoa Stock Analysis
When running Alcoa's price analysis, check to measure Alcoa's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa is operating at the current time. Most of Alcoa's value examination focuses on studying past and present price action to predict the probability of Alcoa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa's price. Additionally, you may evaluate how the addition of Alcoa to your portfolios can decrease your overall portfolio volatility.