Algoma Operating Income from 2010 to 2026
| ASTL Stock | 6.32 0.06 0.94% |
Operating Income | First Reported 2012-12-31 | Previous Quarter -85.1 M | Current Value -148.1 M | Quarterly Volatility 159.9 M |
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 | Operating Income |
Evaluating Algoma Steel's Operating Income 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 Operating Income Growth Pattern
Below is the plot of the Operating Income of Algoma Steel Group over the last few years. Operating Income is the amount of profit realized from Algoma Steel Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Algoma Steel Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Algoma Steel's Operating Income 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.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Algoma Operating Income Regression Statistics
| Arithmetic Mean | 96,203,084 | |
| Geometric Mean | 237,208,560 | |
| Coefficient Of Variation | 435.72 | |
| Mean Deviation | 296,844,156 | |
| Median | 84,800,000 | |
| Standard Deviation | 419,175,191 | |
| Sample Variance | 175707.8T | |
| Range | 1.8B | |
| R-Value | 0.01 | |
| Mean Square Error | 187387T | |
| R-Squared | 0.0002 | |
| Significance | 0.96 | |
| Slope | 1,130,189 | |
| Total Sum of Squares | 2811325.5T |
Algoma Operating Income History
About Algoma Steel Financial Statements
Algoma Steel investors utilize fundamental indicators, such as Operating Income, 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 | ||
| Operating Income | -345 M | -327.7 M |
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
| 0.73 | AG | First Majestic Silver | PairCorr |
| 0.69 | ORE | Orezone Gold Corp | PairCorr |
| 0.64 | FDY | Faraday Copper Corp | PairCorr |
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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.