Below is a list of products that can be obtained from Alchemy.
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Potion
Potions have short term effects.
Restore Health
Restore Mana
Increase Damage
Resist Damage
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Tonic
Tonics have long term buffs lasting for minutes. You can't stack Tonics but you can stack them with Elixirs.
Strength
Dexterity
Endurance
Intelligence
Wisdom
Luck
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Elixir
Elixirs have long term buffs lasting for minutes. You can't stack Elixirs but you can stack them with Tonics.
Critical Strike Chance
Critical Strike Damage
Attack Power
Spell Power
Haste
Evasion
Hit Chance
Healing Potential
Healing Received
