Some evidence suggests that alpha activity is directly related to the baseline firing rate of sensory neurons which alters the probability of responding to a stimulus. Other evidence points to alpha indirectly modulating cortical excitability through its interactions with gamma oscillations. A third possibility is that alpha-based functional connectivity better explains attentional modulation and perceptual responses. To test this, alpha amplitude, CFC, and functional connectivity measures were extracted from EEG data recorded while participants performed a cued orientation perception task. Using pre-target data, the spatiotemporal activity of each metric was submitted to a SVM classifier to determine which activity pattern best distinguished trials with covert attention from trials without. The same metrics were submitted to SVR to find the activity that best predicted task performance. Results indicate the best metric for classifying trials with and without covert attention was alpha amplitude. This indicates that, prior to target onset, alpha amplitude alone is most sensitive to the presence of covert attention. In contrast, none of the metrics were strong predictors of task performance. Overall, our results support the idea that alpha activity is directly related to changes in the baseline firing rate of sensory neurons which changes responsiveness but not performance.