Algoma Steel Group Stock Buy Hold or Sell Recommendation
| ASTLW Stock | USD 2.26 0.01 0.44% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Algoma Steel Group is 'Cautious Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Algoma Steel Group given historical horizon and risk tolerance towards Algoma Steel. When Macroaxis issues a 'buy' or 'sell' recommendation for Algoma Steel Group, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Algoma Steel Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Algoma and provide practical buy, sell, or hold advice based on investors' constraints. Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Algoma |
Execute Algoma Steel Buy or Sell Advice
The Algoma recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Algoma Steel Group. Macroaxis does not own or have any residual interests in Algoma Steel Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Algoma Steel's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | OK | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | About Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Algoma Steel Trading Alerts and Improvement Suggestions
| Algoma Steel Group had very high historical volatility over the last 90 days | |
| Algoma Steel Group has high likelihood to experience some financial distress in the next 2 years | |
| Algoma Steel Group has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Tranche Update on Algoma Steel Group Inc.s Equity Buyback Plan announced on August 30, 2024. - Marketscreener.com |
Algoma Steel Returns Distribution Density
The distribution of Algoma Steel's historical returns is an attempt to chart the uncertainty of Algoma Steel's future price movements. The chart of the probability distribution of Algoma Steel daily returns describes the distribution of returns around its average expected value. We use Algoma Steel Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Algoma Steel returns is essential to provide solid investment advice for Algoma Steel.
| Mean Return | 0.67 | Value At Risk | -7.91 | Potential Upside | 7.93 | Standard Deviation | 5.07 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Algoma Steel historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Algoma Steel Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 129.5M | (243.8M) | 894.1M | (667.9M) | (149.5M) | (142.0M) | |
| Free Cash Flow | (118.6M) | (63.7M) | 1.1B | (156.2M) | (195.2M) | (185.4M) | |
| Depreciation | 128.1M | 87.2M | 87M | 95.3M | 115M | 83.2M | |
| Other Non Cash Items | 83M | 120.5M | 238.1M | (21.2M) | 39.2M | 75.6M | |
| Capital Expenditures | 113.9M | 71.8M | 167.9M | 333.5M | 490.1M | 514.6M | |
| Net Income | (175.9M) | (76.1M) | 857.7M | 298.5M | 105.2M | 72.1M | |
| End Period Cash Flow | 265M | 21.2M | 915.3M | 247.4M | 101.8M | 96.7M |
Algoma Steel Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Algoma Steel or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Algoma Steel's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Algoma stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.45 | |
β | Beta against Dow Jones | 1.76 | |
σ | Overall volatility | 5.12 | |
Ir | Information ratio | 0.11 |
Algoma Steel Volatility Alert
Algoma Steel Group exhibits above-average semi-deviation for your current time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Algoma Steel's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Algoma Steel's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Algoma Steel Fundamentals Vs Peers
Comparing Algoma Steel's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Algoma Steel's direct or indirect competition across all of the common fundamentals between Algoma Steel and the related equities. This way, we can detect undervalued stocks with similar characteristics as Algoma Steel or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Algoma Steel's fundamental indicators could also be used in its relative valuation, which is a method of valuing Algoma Steel by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Algoma Steel to competition |
| Fundamentals | Algoma Steel | Peer Average |
| Return On Equity | -0.1 | -0.31 |
| Return On Asset | -0.0352 | -0.14 |
| Profit Margin | (0.06) % | (1.27) % |
| Operating Margin | (0.17) % | (5.51) % |
| Number Of Shares Shorted | 3.68 K | 4.71 M |
| Revenue | 2.8 B | 9.43 B |
| EBITDA | 282.3 M | 3.9 B |
| Net Income | 105.2 M | 570.98 M |
| Cash And Equivalents | 21.9 M | 2.7 B |
| Cash Per Share | 0.22 X | 5.01 X |
| Total Debt | 156.5 M | 5.32 B |
| Debt To Equity | 1.39 % | 48.70 % |
| Current Ratio | 3.20 X | 2.16 X |
| Book Value Per Share | 13.54 X | 1.93 K |
| Cash Flow From Operations | 294.9 M | 971.22 M |
| Earnings Per Share | (0.62) X | 3.12 X |
| Number Of Employees | 2.84 K | 18.84 K |
| Beta | 1.49 | -0.15 |
| Total Asset | 2.68 B | 29.47 B |
| Retained Earnings | 288.4 M | 9.33 B |
| Working Capital | 834 M | 1.48 B |
| Net Asset | 2.68 B |
Algoma Steel Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Algoma . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Algoma Steel Buy or Sell Advice
When is the right time to buy or sell Algoma Steel Group? Buying financial instruments such as Algoma Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Algoma Stock Analysis
When running Algoma Steel's price analysis, check to measure Algoma Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algoma Steel is operating at the current time. Most of Algoma Steel's value examination focuses on studying past and present price action to predict the probability of Algoma Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Steel's price. Additionally, you may evaluate how the addition of Algoma Steel to your portfolios can decrease your overall portfolio volatility.