Alcoa Short Term Investments vs Common Stock 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 Short Term Investments and its Common Stock 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.

Short Term Investments vs Common Stock

Short Term Investments vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Inc Short Term Investments account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Alcoa's Short Term Investments and Common Stock is 0.56. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock 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 Short Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Alcoa Inc are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Investments i.e., Alcoa's Short Term Investments and Common Stock go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

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.

Common Stock

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 Expense	195M	106M	107M	146.0M
Depreciation And Amortization	664M	617M	632M	657.2M

Interest Expense Depreciation And Amortization

Alcoa fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments
Total Assets		0.09	0.85	0.95	0.93	0.99	0.2	0.14	0.73	0.8	-0.17	0.99	0.97	-0.13	0.85	0.98	0.37	0.92	-0.38	-0.47	0.97	0.96	0.04	-0.52	0.97	0.62
Short Long Term Debt Total	0.09		-0.09	0.04	-0.04	0.08	0.03	0.69	0.12	0.1	0.18	0.04	-0.09	0.21	-0.12	0.21	0.38	0.24	0.16	0.36	0.3	0.2	0.36	0.32	0.28	-0.31
Other Current Liab	0.85	-0.09		0.73	0.82	0.89	-0.23	0.14	0.44	0.45	-0.41	0.91	0.9	-0.42	0.54	0.84	0.31	0.79	-0.73	-0.26	0.79	0.8	-0.4	-0.31	0.79	0.55
Total Current Liabilities	0.95	0.04	0.73		0.88	0.91	0.41	-0.03	0.82	0.92	-0.01	0.91	0.94	0.05	0.94	0.93	0.49	0.86	-0.23	-0.62	0.92	0.92	0.26	-0.55	0.91	0.57
Total Stockholder Equity	0.93	-0.04	0.82	0.88		0.92	0.24	0.13	0.71	0.7	-0.31	0.93	0.93	-0.29	0.84	0.92	0.28	0.73	-0.28	-0.5	0.89	0.79	-0.01	-0.64	0.9	0.68
Property Plant And Equipment Net	0.99	0.08	0.89	0.91	0.92		0.09	0.21	0.65	0.74	-0.27	1.0	0.97	-0.23	0.79	0.98	0.3	0.93	-0.44	-0.42	0.96	0.95	-0.08	-0.47	0.96	0.6
Current Deferred Revenue	0.2	0.03	-0.23	0.41	0.24	0.09		-0.39	0.71	0.54	0.59	0.09	0.13	0.63	0.61	0.14	0.26	0.05	0.48	-0.43	0.18	0.14	0.8	-0.47	0.19	0.03
Net Debt	0.14	0.69	0.14	-0.03	0.13	0.21	-0.39		-0.25	-0.05	-0.56	0.17	0.04	-0.53	-0.18	0.29	-0.13	0.19	0.09	0.3	0.32	0.14	-0.21	0.29	0.28	-0.11
Retained Earnings	0.73	0.12	0.44	0.82	0.71	0.65	0.71	-0.25		0.75	0.4	0.65	0.66	0.42	0.85	0.67	0.6	0.61	-0.11	-0.36	0.68	0.68	0.55	-0.69	0.7	0.45
Accounts Payable	0.8	0.1	0.45	0.92	0.7	0.74	0.54	-0.05	0.75		0.1	0.73	0.77	0.2	0.93	0.79	0.44	0.74	0.11	-0.69	0.8	0.81	0.51	-0.55	0.79	0.54
Cash	-0.17	0.18	-0.41	-0.01	-0.31	-0.27	0.59	-0.56	0.4	0.1		-0.27	-0.26	0.99	0.04	-0.24	0.44	-0.05	0.13	0.05	-0.17	-0.04	0.68	0.0	-0.15	-0.28
Non Current Assets Total	0.99	0.04	0.91	0.91	0.93	1.0	0.09	0.17	0.65	0.73	-0.27		0.97	-0.23	0.79	0.97	0.3	0.92	-0.46	-0.43	0.95	0.94	-0.1	-0.48	0.95	0.61
Non Currrent Assets Other	0.97	-0.09	0.9	0.94	0.93	0.97	0.13	0.04	0.66	0.77	-0.26	0.97		-0.23	0.84	0.95	0.37	0.86	-0.43	-0.57	0.91	0.9	-0.06	-0.51	0.91	0.65
Cash And Short Term Investments	-0.13	0.21	-0.42	0.05	-0.29	-0.23	0.63	-0.53	0.42	0.2	0.99	-0.23	-0.23		0.1	-0.19	0.41	0.01	0.2	-0.01	-0.12	0.02	0.73	-0.02	-0.1	-0.26
Net Receivables	0.85	-0.12	0.54	0.94	0.84	0.79	0.61	-0.18	0.85	0.93	0.04	0.79	0.84	0.1		0.8	0.34	0.68	0.0	-0.68	0.78	0.77	0.39	-0.73	0.78	0.63
Good Will	0.98	0.21	0.84	0.93	0.92	0.98	0.14	0.29	0.67	0.79	-0.24	0.97	0.95	-0.19	0.8		0.38	0.91	-0.31	-0.46	0.99	0.94	0.04	-0.44	0.99	0.57
Common Stock Shares Outstanding	0.37	0.38	0.31	0.49	0.28	0.3	0.26	-0.13	0.6	0.44	0.44	0.3	0.37	0.41	0.34	0.38		0.38	-0.22	-0.15	0.43	0.42	0.5	-0.09	0.42	0.11
Non Current Liabilities Total	0.92	0.24	0.79	0.86	0.73	0.93	0.05	0.19	0.61	0.74	-0.05	0.92	0.86	0.01	0.68	0.91	0.38		-0.47	-0.3	0.92	0.99	0.01	-0.31	0.91	0.47
Inventory	-0.38	0.16	-0.73	-0.23	-0.28	-0.44	0.48	0.09	-0.11	0.11	0.13	-0.46	-0.43	0.2	0.0	-0.31	-0.22	-0.47		-0.25	-0.28	-0.42	0.62	-0.04	-0.28	-0.13
Other Current Assets	-0.47	0.36	-0.26	-0.62	-0.5	-0.42	-0.43	0.3	-0.36	-0.69	0.05	-0.43	-0.57	-0.01	-0.68	-0.46	-0.15	-0.3	-0.25		-0.44	-0.39	-0.24	0.27	-0.44	-0.34
Other Stockholder Equity	0.97	0.3	0.79	0.92	0.89	0.96	0.18	0.32	0.68	0.8	-0.17	0.95	0.91	-0.12	0.78	0.99	0.43	0.92	-0.28	-0.44		0.94	0.11	-0.38	1.0	0.51
Total Liab	0.96	0.2	0.8	0.92	0.79	0.95	0.14	0.14	0.68	0.81	-0.04	0.94	0.9	0.02	0.77	0.94	0.42	0.99	-0.42	-0.39	0.94		0.07	-0.38	0.94	0.51
Total Current Assets	0.04	0.36	-0.4	0.26	-0.01	-0.08	0.8	-0.21	0.55	0.51	0.68	-0.1	-0.06	0.73	0.39	0.04	0.5	0.01	0.62	-0.24	0.11	0.07		-0.3	0.11	0.03
Short Term Debt	-0.52	0.32	-0.31	-0.55	-0.64	-0.47	-0.47	0.29	-0.69	-0.55	0.0	-0.48	-0.51	-0.02	-0.73	-0.44	-0.09	-0.31	-0.04	0.27	-0.38	-0.38	-0.3		-0.44	-0.84
Common Stock	0.97	0.28	0.79	0.91	0.9	0.96	0.19	0.28	0.7	0.79	-0.15	0.95	0.91	-0.1	0.78	0.99	0.42	0.91	-0.28	-0.44	1.0	0.94	0.11	-0.44		0.56
Short Term Investments	0.62	-0.31	0.55	0.57	0.68	0.6	0.03	-0.11	0.45	0.54	-0.28	0.61	0.65	-0.26	0.63	0.57	0.11	0.47	-0.13	-0.34	0.51	0.51	0.03	-0.84	0.56

Click cells to compare fundamentals

Alcoa Account Relationship Matchups

Alcoa fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.8B	14.9B	15.0B	14.8B	14.2B	14.8B
Short Long Term Debt Total	2.6B	2.8B	2.6B	1.9B	1.9B	1.7B
Other Current Liab	1.3B	1.2B	1.1B	1.0B	1.1B	993.3M
Total Current Liabilities	3.6B	2.8B	3.2B	3.0B	3.0B	2.8B
Total Stockholder Equity	5.8B	3.3B	4.7B	5.1B	4.3B	4.5B
Property Plant And Equipment Net	11.3B	7.2B	6.6B	6.5B	6.8B	7.5B
Current Deferred Revenue	147.9M	91M	374M	230M	129.3M	214.1M
Net Debt	1.5B	1.0B	52M	503M	971M	813.8M
Retained Earnings	(789.5M)	(725M)	(315M)	(570M)	(1.3B)	(1.2B)
Accounts Payable	2.1B	1.4B	1.7B	1.8B	1.7B	1.5B
Cash	1.3B	1.6B	1.8B	1.4B	944M	1.1B
Non Current Assets Total	15.8B	10.3B	10B	9.5B	9.8B	10.8B
Non Currrent Assets Other	1.8B	1.3B	1.5B	1.4B	1.5B	1.3B
Cash And Short Term Investments	1.3B	1.6B	1.8B	1.4B	944M	1.2B
Net Receivables	938.9M	556M	884M	909M	808M	800.6M
Good Will	214.5M	213.4M	145M	144M	146M	141.9M
Common Stock Shares Outstanding	185M	186M	190M	181M	178M	147.9M
Liabilities And Stockholders Equity	20.8B	14.9B	15.0B	14.8B	14.2B	14.8B
Non Current Liabilities Total	8.8B	7.1B	5.5B	5.2B	5.3B	5.8B
Inventory	2.3B	1.4B	2.0B	2.4B	2.2B	2.2B
Other Current Assets	404.0M	959M	372M	551M	495M	554.1M
Other Stockholder Equity	13.7B	9.7B	9.6B	9.2B	9.2B	9.0B
Total Liab	12.4B	9.8B	8.7B	8.2B	8.3B	8.6B
Total Current Assets	5.0B	4.5B	5.0B	5.3B	4.4B	4.0B
Accumulated Other Comprehensive Income	(7.1B)	(5.6B)	(4.6B)	(3.5B)	(3.6B)	(3.8B)
Short Term Debt	1.4M	88.2M	79M	76M	1M	51.4M
Common Stock	2.6M	2.8M	2.8M	2M	1.8M	1.9M
Short Term Investments	83.9M	27.2M	19.3M	196.7M	42.6M	70.6M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC