ALGOMA Competitors

Stocks . Germany . 
Stock . ALGOMA STEEL GROUP
9ZY Stock   10.60  0.20  1.92%   
ALGOMA STEEL GROUP competes with COPLAND ROAD, QUEEN S, Scientific Games, TEXAS ROADHOUSE, and ANGLER GAMING; as well as few others. The company classifies itself under Basic Materials sector and is part of Steel industry. Analyzing ALGOMA STEEL competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of ALGOMA STEEL to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out ALGOMA STEEL Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of ALGOMA STEEL competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
8.2210.6012.98
Details
Intrinsic
Valuation
LowRealHigh
6.228.6010.98
Details
Naive
Forecast
LowNextHigh
7.9310.3112.69
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.489.8911.29
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ALGOMA STEEL Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ALGOMA STEEL and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of ALGOMA and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of ALGOMA STEEL GROUP does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
BO5
+ 0.96
ROW
2T9A
+ 0.94
BO5
2T9A
+ 0.91
ROW
A2P
+ 0.73
4UJ
BO5
+ 0.46
A2P
ROW
+ 0.45
A2P
  
High negative correlations   
TJW
- 0.68
A2P
BO5
- 0.52
0QM
2T9A
- 0.46
0QM
0QM
- 0.46
A2P
0QM
- 0.45
ROW
ROW
- 0.43
TJW

Risk-Adjusted Indicators

There is a big difference between ALGOMA Stock performing well and ALGOMA STEEL Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ALGOMA STEEL's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

ALGOMA STEEL Competitive Analysis

The better you understand ALGOMA STEEL competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ALGOMA STEEL's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across ALGOMA STEEL's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
9ZY 4UJ A2P 47U TJW ROW 0QM BO5 2T9A
 1.92 
 10.60 
ALGOMA
 4.76 
 0.20 
QIIWI
 1.77 
 40.15 
COPLAND
 1.96 
 0.52 
QUEEN
 2.84 
 85.50 
Scientific
 0.38 
 182.90 
TEXAS
 3.33 
 0.29 
ANGLER
 0.74 
 67.50 
Boyd
 1.25 
 4.86 
TRAINLINE
Market Volatility
(90 Days Market Risk)
Somewhat reliable
Out of control
Not too volatile
Abnormally volatile
Very steady
Very steady
Out of control
Very steady
Slightly risky
Market Performance
(90 Days Performance)
Good
Insignificant
OK
Modest
Very Weak
Good
Very Weak
Good
Solid
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
About Average
Low
Above Average
Below Average
Low
Quite High
Low
Below Average
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Under Valued
Over Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Sell
Strong Buy
Strong Sell
Strong Sell
Strong Buy
Current Ratio
N/A
N/A
N/A
27.15
1.37
N/A
N/A
N/A
1.2
Net Asset
N/A
N/A
N/A
N/A
7.88 B
2.53 B
N/A
6.31 B
N/A
Profit Margin
0.21
N/A
N/A
N/A
1.55
N/A
-0.0288
N/A
0.0316
EBITDA
1.19 B
N/A
N/A
(2.13 M)
582 M
458.67 M
540.84 K
1.24 B
23.84 M
Operating Margin
0.31
N/A
N/A
4.51
0.15
N/A
0.0163
N/A
0.0549
Current Valuation
N/A
N/A
N/A
N/A
8.37 B
6.54 B
N/A
9.11 B
N/A
Price To Book
N/A
N/A
N/A
N/A
5.62
6.34
N/A
3.93
N/A
Beta
N/A
N/A
N/A
2.07
1.8
N/A
1.04
N/A
1.71
Number Of Employees
N/A
N/A
N/A
N/A
5.6 K
N/A
47
N/A
750
Shares Outstanding
103.86 M
N/A
N/A
452 M
93.67 M
N/A
74.98 M
N/A
480.68 M
Cash Flow From Operations
N/A
N/A
N/A
(2.49 M)
685 M
511.73 M
N/A
976.11 M
(62.08 M)
Annual Yield
0.0245
N/A
N/A
0.0251
N/A
0.0266
0.24
0.0024
N/A
Total Debt
N/A
N/A
N/A
N/A
8.65 B
50 M
N/A
3.01 B
249.43 M
Return On Equity
0.66
N/A
N/A
-0.0855
N/A
N/A
-0.0858
N/A
0.0321
Z Score
N/A
N/A
N/A
N/A
N/A
65.8
N/A
1.2
3.6
Return On Asset
0.28
N/A
N/A
-0.0473
0.0316
N/A
0.0217
N/A
0.0149
Book Value Per Share
14.78
N/A
N/A
0.51
11.39
N/A
0.099
N/A
0.58
Total Asset
N/A
N/A
N/A
N/A
7.88 B
2.53 B
N/A
6.31 B
N/A
Last Dividend Paid
0.2
N/A
N/A
0.013
N/A
0.3
0.085
N/A
N/A
Target Price
N/A
N/A
N/A
N/A
76.88
N/A
N/A
N/A
N/A
Debt To Equity
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.74
Shares Owned By Institutions
70.29
N/A
N/A
25.32
94.81
N/A
0.4
N/A
79.97
Market Capitalization
818.92 M
N/A
N/A
223.86 M
5.82 B
5.41 B
28.51 M
6.23 B
1.55 B
Price To Earning
N/A
N/A
N/A
3.32
-10.0
N/A
N/A
N/A
N/A
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
1.96
N/A
N/A
N/A
Price To Sales
N/A
N/A
N/A
N/A
2.37
1.64
N/A
1.83
N/A
Net Income
N/A
N/A
N/A
78.02 M
371 M
269.82 M
N/A
639.38 M
(30.49 M)
Earnings Per Share
4.58
N/A
N/A
0.15
-1.47
N/A
0.01
N/A
0.02
Shares Owned By Insiders
10.64
N/A
N/A
38.9
1.21
N/A
N/A
N/A
0.9
Revenue
3.54 B
N/A
N/A
(3.46 M)
2.15 B
4.01 B
32.9 M
3.56 B
275.8 M
Cash And Equivalents
N/A
N/A
N/A
5.12 M
1.21 B
N/A
N/A
N/A
88.72 M
Cash Per Share
N/A
N/A
N/A
0.02
13.05
N/A
N/A
N/A
0.19
Gross Profit
1.51 B
N/A
N/A
8.5 M
1.54 B
N/A
14.8 M
N/A
152.8 M
Day Typical Price
10.6
0.21
39.78
0.52
85.5
182.9
0.29
67.33
4.86
Accumulation Distribution
N/A
0.17
0.0274
N/A
N/A
N/A
0.0333
0.0074
N/A
Market Facilitation Index
N/A
0.04
1.1
N/A
N/A
N/A
0.01
0.5
N/A
Daily Balance Of Power
9.2 T
(0.25)
0.6364
9.2 T
(9,223,372,036,855)
9.2 T
(1.00)
(1.00)
9.2 T
Period Momentum Indicator
0.2
(0.01)
0.7
0.01
(2.50)
0.7
(0.01)
(0.50)
0.06
Rate Of Daily Change
1.02
0.95
1.02
1.02
0.97
1.0
0.97
0.99
1.01
Day Median Price
10.6
0.21
39.6
0.52
85.5
182.9
0.3
67.25
4.86
Price Action Indicator
0.1
(0.01)
0.9
0.005
(1.25)
0.35
(0.01)
N/A
0.03
Coefficient Of Variation
634.68
4390.16
1220.36
1955.79
(2,530)
570.34
(1,463)
533.41
469.89
Mean Deviation
1.78
2.82
2.33
2.41
1.66
1.35
2.44
1.4
1.43
Jensen Alpha
0.3355
0.1484
0.262
0.1778
(0.14)
0.232
(0.29)
0.4066
0.4484
Total Risk Alpha
0.0539
(0.51)
(0.18)
(0.30)
(0.47)
0.0671
(0.76)
0.1145
0.1832
Sortino Ratio
0.1278
(0.0005)
0.0555
0.0157
N/A
0.1651
N/A
0.1714
0.1869
Downside Variance
4.19
45.55
9.45
25.05
N/A
1.34
N/A
3.05
4.34
Standard Deviation
2.35
4.65
3.42
3.68
2.7
1.72
3.77
2.18
2.35
Kurtosis
1.67
3.01
2.63
1.64
6.67
0.4406
2.23
11.36
7.13
Potential Upside
4.49
5.56
5.94
6.67
2.62
3.46
6.25
3.13
4.52
Treynor Ratio
1.41
(0.18)
3.33
45.69
(0.59)
0.4912
(1.08)
(5.29)
1.2
Maximum Drawdown
12.32
24.81
19.43
22.18
15.34
7.11
22.93
14.17
15.43
Variance
5.54
21.58
11.68
13.55
7.28
2.95
14.2
4.76
5.5
Market Risk Adjusted Performance
1.42
(0.17)
3.34
45.7
(0.58)
0.5012
(1.07)
(5.28)
1.21
Risk Adjusted Performance
0.1269
0.0257
0.0703
0.0469
(0.02)
0.1393
(0.04)
0.1495
0.1691
Skewness
0.6998
0.2877
0.7345
(0.05)
(1.45)
0.9198
0.4299
2.47
1.72
Semi Deviation
1.72
3.56
2.6
2.89
N/A
0.9456
N/A
1.03
1.25
Information Ratio
0.1111
(0.0008)
0.0499
0.0214
(0.08)
0.1115
(0.1)
0.1373
0.1661
Value At Risk
(2.70)
(4.76)
(5.97)
(6.00)
(2.48)
(2.07)
(5.88)
(2.31)
(2.01)
Expected Short fall
(2.27)
(6.32)
(3.02)
(4.60)
N/A
(1.82)
N/A
(2.19)
(2.07)
Downside Deviation
2.05
6.75
3.07
5.01
N/A
1.16
N/A
1.75
2.08
Semi Variance
2.94
12.65
6.74
8.34
N/A
0.8942
N/A
1.07
1.56

ALGOMA STEEL Competition Performance Charts

Five steps to successful analysis of ALGOMA STEEL Competition

ALGOMA STEEL's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by ALGOMA STEEL GROUP in relation to its competition. ALGOMA STEEL's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of ALGOMA STEEL in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact ALGOMA STEEL's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ALGOMA STEEL GROUP, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your ALGOMA STEEL position

In addition to having ALGOMA STEEL in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Hotels Theme
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Additional Information and Resources on Investing in ALGOMA Stock

When determining whether ALGOMA STEEL GROUP is a strong investment it is important to analyze ALGOMA STEEL's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ALGOMA STEEL's future performance. For an informed investment choice regarding ALGOMA Stock, refer to the following important reports:
How To Invest In ALGOMA
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Is ALGOMA Stock a good investment?
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What is ALGOMA STEEL's Net Worth?
Details
Largest Diversified Metals & Mining Companies
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Largest Materials Companies
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Check out ALGOMA STEEL Correlation with its peers.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Altman
Z Score
Details
Intrinsic
Valuation
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Financial
Analysis
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Buy or Sell
Advice
Details
Technical
Analysis
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Please note, there is a significant difference between ALGOMA STEEL's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALGOMA STEEL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALGOMA STEEL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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
 
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