Algoma Steel Group Stock Price on November 11, 2024
| ASTLW Stock | USD 2.25 0.06 2.74% |
If you're considering investing in Algoma Stock, it is important to understand the factors that can impact its price. As of today, the current price of Algoma Steel stands at 2.25, as last reported on the 22nd of November, with the highest price reaching 2.27 and the lowest price hitting 2.17 during the day. Algoma Steel appears to be dangerous, given 3 months investment horizon. Algoma Steel Group secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of standard deviation over the last 3 months. By analyzing Algoma Steel's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of Algoma Steel's mean deviation of 3.8, and Risk Adjusted Performance of 0.1167 to double-check if our risk estimates are consistent with your expectations.
At this time, Algoma Steel's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 219.2 M in 2024, whereas Common Stock is likely to drop slightly above 801.4 M in 2024. . At this time, Algoma Steel's Price Earnings Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to climb to 1.23 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (0.22). Algoma Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Algoma |
Sharpe Ratio = 0.1028
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Estimated Market Risk
| 5.13 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Algoma Steel is performing at about 8% 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 Steel by adding it to a well-diversified portfolio.
Book Value 13.539 | Shares Float 83.4 M | Shares Short Prior Month 1.4 K | Earnings Share (0.62) | Shares Short 3.7 K |
Algoma Steel Valuation on November 11, 2024
It is possible to determine the worth of Algoma Steel on a given historical date. On November 11, 2024 Algoma was worth 2.28 at the beginning of the trading date compared to the closed value of 2.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Algoma Steel stock. Still, in general, we apply an absolute valuation method to find Algoma Steel'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 Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Algoma Steel's related companies.
| Open | High | Low | Close | Volume | |
| 2.24 | 2.37 | 2.24 | 2.28 | 83,560 | |
11/11/2024 | 2.28 | 2.40 | 2.25 | 2.37 | 83,195 |
| 2.21 | 2.33 | 2.15 | 2.15 | 45,204 |
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Algoma Steel Trading Date Momentum on November 11, 2024
| On November 12 2024 Algoma Steel Group was traded for 2.15 at the closing time. The highest daily price throughout the period was 2.33 and the lowest price was 2.15 . The daily volume was 45.2 K. The net trading volume on 11/12/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 9.28% . The overall trading delta to current closing price is 8.44% . |
Algoma Steel Group Fundamentals Correlations and Trends
By evaluating Algoma Steel'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 Steel'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 Steel Stock history
Algoma Steel 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 Steel Group 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 Steel stock prices may prove useful in developing a viable investing in Algoma Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 133 M | 219.2 M |
Algoma Steel Quarterly Net Working Capital |
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Algoma Steel Stock Technical Analysis
Algoma Steel 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 Steel Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Algoma Steel Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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 Steel November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Algoma Steel 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 Steel shares will generate the highest return on investment. By undertsting and applying Algoma Steel stock market strength indicators, traders can identify Algoma Steel Group entry and exit signals to maximize returns
Algoma Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Algoma Steel'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 | 0.1167 | |||
| Jensen Alpha | 0.5395 | |||
| Total Risk Alpha | 0.0481 | |||
| Sortino Ratio | 0.1234 | |||
| Treynor Ratio | 0.4104 |
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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.