Alcoa Retained Earnings vs Short Term Investments Analysis

AAI Stock   64.21  0.84  1.29%   
Alcoa financial indicator trend analysis is way more than just evaluating Alcoa Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Inc is a good investment. Please check the relationship between Alcoa Retained Earnings and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Short Term Investments

Retained Earnings vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Inc Retained Earnings account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Alcoa's Retained Earnings and Short Term Investments is 0.45. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Alcoa Inc, assuming nothing else is changed. The correlation between historical values of Alcoa's Retained Earnings and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Alcoa Inc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Retained Earnings i.e., Alcoa's Retained Earnings and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Term Investments

Short Term Investments is an item under the current assets section of Alcoa balance sheet. It contains any investments Alcoa Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Alcoa Inc can easily liquidate in the marketplace.
Most indicators from Alcoa's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa Inc 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 Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 237.3 M in 2024, whereas Tax Provision is likely to drop slightly above 179.6 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense195M106M107M146.0M
Depreciation And Amortization664M617M632M657.2M

Alcoa fundamental ratios Correlations

0.090.850.950.930.990.20.140.730.8-0.170.990.97-0.130.850.980.370.92-0.38-0.470.970.960.04-0.520.970.62
0.09-0.090.04-0.040.080.030.690.120.10.180.04-0.090.21-0.120.210.380.240.160.360.30.20.360.320.28-0.31
0.85-0.090.730.820.89-0.230.140.440.45-0.410.910.9-0.420.540.840.310.79-0.73-0.260.790.8-0.4-0.310.790.55
0.950.040.730.880.910.41-0.030.820.92-0.010.910.940.050.940.930.490.86-0.23-0.620.920.920.26-0.550.910.57
0.93-0.040.820.880.920.240.130.710.7-0.310.930.93-0.290.840.920.280.73-0.28-0.50.890.79-0.01-0.640.90.68
0.990.080.890.910.920.090.210.650.74-0.271.00.97-0.230.790.980.30.93-0.44-0.420.960.95-0.08-0.470.960.6
0.20.03-0.230.410.240.09-0.390.710.540.590.090.130.630.610.140.260.050.48-0.430.180.140.8-0.470.190.03
0.140.690.14-0.030.130.21-0.39-0.25-0.05-0.560.170.04-0.53-0.180.29-0.130.190.090.30.320.14-0.210.290.28-0.11
0.730.120.440.820.710.650.71-0.250.750.40.650.660.420.850.670.60.61-0.11-0.360.680.680.55-0.690.70.45
0.80.10.450.920.70.740.54-0.050.750.10.730.770.20.930.790.440.740.11-0.690.80.810.51-0.550.790.54
-0.170.18-0.41-0.01-0.31-0.270.59-0.560.40.1-0.27-0.260.990.04-0.240.44-0.050.130.05-0.17-0.040.680.0-0.15-0.28
0.990.040.910.910.931.00.090.170.650.73-0.270.97-0.230.790.970.30.92-0.46-0.430.950.94-0.1-0.480.950.61
0.97-0.090.90.940.930.970.130.040.660.77-0.260.97-0.230.840.950.370.86-0.43-0.570.910.9-0.06-0.510.910.65
-0.130.21-0.420.05-0.29-0.230.63-0.530.420.20.99-0.23-0.230.1-0.190.410.010.2-0.01-0.120.020.73-0.02-0.1-0.26
0.85-0.120.540.940.840.790.61-0.180.850.930.040.790.840.10.80.340.680.0-0.680.780.770.39-0.730.780.63
0.980.210.840.930.920.980.140.290.670.79-0.240.970.95-0.190.80.380.91-0.31-0.460.990.940.04-0.440.990.57
0.370.380.310.490.280.30.26-0.130.60.440.440.30.370.410.340.380.38-0.22-0.150.430.420.5-0.090.420.11
0.920.240.790.860.730.930.050.190.610.74-0.050.920.860.010.680.910.38-0.47-0.30.920.990.01-0.310.910.47
-0.380.16-0.73-0.23-0.28-0.440.480.09-0.110.110.13-0.46-0.430.20.0-0.31-0.22-0.47-0.25-0.28-0.420.62-0.04-0.28-0.13
-0.470.36-0.26-0.62-0.5-0.42-0.430.3-0.36-0.690.05-0.43-0.57-0.01-0.68-0.46-0.15-0.3-0.25-0.44-0.39-0.240.27-0.44-0.34
0.970.30.790.920.890.960.180.320.680.8-0.170.950.91-0.120.780.990.430.92-0.28-0.440.940.11-0.381.00.51
0.960.20.80.920.790.950.140.140.680.81-0.040.940.90.020.770.940.420.99-0.42-0.390.940.07-0.380.940.51
0.040.36-0.40.26-0.01-0.080.8-0.210.550.510.68-0.1-0.060.730.390.040.50.010.62-0.240.110.07-0.30.110.03
-0.520.32-0.31-0.55-0.64-0.47-0.470.29-0.69-0.550.0-0.48-0.51-0.02-0.73-0.44-0.09-0.31-0.040.27-0.38-0.38-0.3-0.44-0.84
0.970.280.790.910.90.960.190.280.70.79-0.150.950.91-0.10.780.990.420.91-0.28-0.441.00.940.11-0.440.56
0.62-0.310.550.570.680.60.03-0.110.450.54-0.280.610.65-0.260.630.570.110.47-0.13-0.340.510.510.03-0.840.56
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Alcoa Account Relationship Matchups

Alcoa fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.8B14.9B15.0B14.8B14.2B14.8B
Short Long Term Debt Total2.6B2.8B2.6B1.9B1.9B1.7B
Other Current Liab1.3B1.2B1.1B1.0B1.1B993.3M
Total Current Liabilities3.6B2.8B3.2B3.0B3.0B2.8B
Total Stockholder Equity5.8B3.3B4.7B5.1B4.3B4.5B
Property Plant And Equipment Net11.3B7.2B6.6B6.5B6.8B7.5B
Current Deferred Revenue147.9M91M374M230M129.3M214.1M
Net Debt1.5B1.0B52M503M971M813.8M
Retained Earnings(789.5M)(725M)(315M)(570M)(1.3B)(1.2B)
Accounts Payable2.1B1.4B1.7B1.8B1.7B1.5B
Cash1.3B1.6B1.8B1.4B944M1.1B
Non Current Assets Total15.8B10.3B10B9.5B9.8B10.8B
Non Currrent Assets Other1.8B1.3B1.5B1.4B1.5B1.3B
Cash And Short Term Investments1.3B1.6B1.8B1.4B944M1.2B
Net Receivables938.9M556M884M909M808M800.6M
Good Will214.5M213.4M145M144M146M141.9M
Common Stock Shares Outstanding185M186M190M181M178M147.9M
Liabilities And Stockholders Equity20.8B14.9B15.0B14.8B14.2B14.8B
Non Current Liabilities Total8.8B7.1B5.5B5.2B5.3B5.8B
Inventory2.3B1.4B2.0B2.4B2.2B2.2B
Other Current Assets404.0M959M372M551M495M554.1M
Other Stockholder Equity13.7B9.7B9.6B9.2B9.2B9.0B
Total Liab12.4B9.8B8.7B8.2B8.3B8.6B
Total Current Assets5.0B4.5B5.0B5.3B4.4B4.0B
Accumulated Other Comprehensive Income(7.1B)(5.6B)(4.6B)(3.5B)(3.6B)(3.8B)
Short Term Debt1.4M88.2M79M76M1M51.4M
Common Stock2.6M2.8M2.8M2M1.8M1.9M
Short Term Investments83.9M27.2M19.3M196.7M42.6M70.6M

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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.