Algoma Net Income Per Share from 2010 to 2026
| ASTL Stock | 6.25 0.25 3.85% |
Net Loss | First Reported 2010-12-31 | Previous Quarter (1.85) | Current Value (1.76) | Quarterly Volatility 1.84897843 |
Check Algoma Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Algoma Steel's main balance sheet or income statement drivers, such as Depreciation And Amortization of 119.7 M, Interest Expense of 82.3 M or Total Revenue of 2.7 B, as well as many indicators such as Price To Sales Ratio of 0.68, Dividend Yield of 0.0137 or PTB Ratio of 0.96. Algoma financial statements analysis is a perfect complement when working with Algoma Steel Valuation or Volatility modules.
Algoma | Net Income Per Share |
Evaluating Algoma Steel's Net Income Per Share across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Algoma Steel Group's fundamental strength.
Latest Algoma Steel's Net Income Per Share Growth Pattern
Below is the plot of the Net Income Per Share of Algoma Steel Group over the last few years. It is Algoma Steel's Net Loss historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Algoma Steel's overall financial position and show how it may be relating to other accounts over time.
| Net Income Per Share | 10 Years Trend |
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Net Income Per Share |
| Timeline |
Algoma Net Income Per Share Regression Statistics
| Arithmetic Mean | (0.01) | |
| Coefficient Of Variation | (13,140) | |
| Mean Deviation | 1.14 | |
| Median | (0.41) | |
| Standard Deviation | 1.85 | |
| Sample Variance | 3.42 | |
| Range | 7.8503 | |
| R-Value | 0 | |
| Mean Square Error | 3.65 | |
| R-Squared | 0.00000291 | |
| Significance | 0.99 | |
| Slope | 0.0006 | |
| Total Sum of Squares | 54.70 |
Algoma Net Income Per Share History
About Algoma Steel Financial Statements
Algoma Steel investors utilize fundamental indicators, such as Net Income Per Share, to predict how Algoma Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Loss | (1.85) | (1.76) |
Pair Trading with Algoma Steel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algoma Steel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algoma Steel will appreciate offsetting losses from the drop in the long position's value.Moving together with Algoma Stock
Moving against Algoma Stock
The ability to find closely correlated positions to Algoma Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algoma Steel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algoma Steel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algoma Steel Group to buy it.
The correlation of Algoma Steel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algoma Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Steel Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Algoma Steel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Algoma Steel Correlation against competitors. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.