We analyze noise-free headlines and recent hype associated with Alcoa Corporation which may create opportunities for some arbitrage if properly timed. With Alcoa hype-based prediction module you can estimate the value of Alcoa Corporation from the prospective of Alcoa response to recently generated media hype and the effects of current headlines on its competitors. The module also provides analysis of price elasticity to changes in media outlook on Alcoa over a specific investment horizon. Check also Alcoa Basic Forecasting Models to cross-verify your projections.
As of December 18, 2018 Alcoa Corporation is listed for 28.24. This company has historical hype elasticity of -1.75 and average elasticity to hype of competition of -0.54. Alcoa Corporation is suggested to decline in value after the next headline with price expected to drop to 26.49. The average volatility of media hype impact on the company stock price is about 134.15%. The price decline on the next news is expected to be -6.2% where as daily expected return is presently at -0.71%. The volatility of related hype on Alcoa is about 431.37% with expected price after next announcement by competition of 27.7. The company has price-to-book (P/B) ratio of 1.04. Some equities with similar Price to Book (P/B) outperform the market in the long run. Alcoa Corporation has Price/Earnings To Growth (PEG) ratio of 1.98. This company recorded loss per share of 0.07. The firm last dividend was issued on August 3, 2016. Alcoa had 2:1 split on 2016-11-01. Allowing for the 30-days total investment horizon, the next suggested press release will be in about 8 days. Check also Alcoa Basic Forecasting Models to cross-verify your projections.
