Algoma Central Stock Price on November 30, 2023
| ALC Stock | CAD 15.13 0.18 1.20% |
Below is the normalized historical share price chart for Algoma Central extending back to March 17, 1980. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Algoma Central stands at 15.13, as last reported on the 23rd of November, with the highest price reaching 15.30 and the lowest price hitting 14.95 during the day.
If you're considering investing in Algoma Stock, it is important to understand the factors that can impact its price. As of now, Algoma Stock is very steady. Algoma Central secures Sharpe Ratio (or Efficiency) of 0.0666, which signifies that the company had a 0.0666% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Algoma Central, which you can use to evaluate the volatility of the firm. Please confirm Algoma Central's risk adjusted performance of 0.0522, and Mean Deviation of 0.7869 to double-check if the risk estimate we provide is consistent with the expected return of 0.0735%.
At this time, Algoma Central's Common Stock Shares Outstanding is very stable compared to the past year. As of the 23rd of November 2024, Common Stock Total Equity is likely to grow to about 14.7 M, while Total Stockholder Equity is likely to drop about 484 M. . At this time, Algoma Central's Price Earnings Ratio is very stable compared to the past year. As of the 23rd of November 2024, Price Book Value Ratio is likely to grow to 1.02, while Price To Sales Ratio is likely to drop 0.70. Algoma Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 14.6575 | 50 Day MA 14.9412 | Beta 0.717 |
Algoma |
Sharpe Ratio = 0.0666
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Estimated Market Risk
| 1.1 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Algoma Central is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Algoma Central by adding it to a well-diversified portfolio.
Price Book 0.7289 | Enterprise Value Ebitda 7.1103 | Price Sales 0.8817 | Shares Float 18.4 M | Dividend Share 0.75 |
Algoma Central Valuation on November 30, 2023
It is possible to determine the worth of Algoma Central on a given historical date. On November 30, 2023 Algoma was worth 14.43 at the beginning of the trading date compared to the closed value of 14.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Algoma Central stock. Still, in general, we apply an absolute valuation method to find Algoma Central's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Algoma Central where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Algoma Central's related companies.
| Open | High | Low | Close | Volume | |
| 14.05 | 14.29 | 14.04 | 14.29 | 14,507 | |
11/30/2023 | 14.43 | 14.76 | 14.28 | 14.76 | 23,060 |
| 14.67 | 14.86 | 14.45 | 14.49 | 18,782 |
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Algoma Central Trading Date Momentum on November 30, 2023
| On December 01 2023 Algoma Central was traded for 14.49 at the closing time. The maximum traded price for the trading interval was 14.86 and the lowest daily price was 14.45 . The daily volume was recorded at 18.8 K. The volume of trading on 1st of December 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.83% . The overall trading delta to the closing price today is 1.83% . |
Algoma Central Fundamentals Correlations and Trends
By evaluating Algoma Central's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Algoma Central's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Algoma financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Algoma Central Stock history
Algoma Central investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Algoma is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Algoma Central will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Algoma Central stock prices may prove useful in developing a viable investing in Algoma Central
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 43.1 M | 44.7 M | |
| Net Income Applicable To Common Shares | 138 M | 144.9 M |
Algoma Central Stock Technical Analysis
Algoma Central technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Algoma Central Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Algoma Central cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Algoma Central November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Algoma Central stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Algoma Central shares will generate the highest return on investment. By undertsting and applying Algoma Central stock market strength indicators, traders can identify Algoma Central entry and exit signals to maximize returns
Algoma Central Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Algoma Central's price direction in advance. Along with the technical and fundamental analysis of Algoma Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Algoma to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.058 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 3.21 |
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Other Information on Investing in Algoma Stock
Algoma Central financial ratios help investors to determine whether Algoma Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Algoma with respect to the benefits of owning Algoma Central security.