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 Total Stockholder Equity and its Net Receivables 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.
Total Stockholder Equity vs Net Receivables
Total Stockholder Equity vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Alcoa Inc Total Stockholder Equity account and
Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Alcoa's Total Stockholder Equity and Net Receivables is 0.84. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Receivables 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 Total Stockholder Equity and Net Receivables 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 Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Stockholder Equity i.e., Alcoa's Total Stockholder Equity and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
Net Receivables
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.
Alcoa fundamental ratios Correlations
Click cells to compare fundamentals
Alcoa Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alcoa fundamental ratios Accounts
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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.