Algoma Central Sets New 12-Month Low at 14.09 - MarketBeat
| ALC Stock | CAD 15.07 0.10 0.66% |
About 61% of Algoma Central's investor base is looking to short. The current sentiment of investing in Algoma Central suggests that many traders are alarmed. Algoma Central's investing sentiment overview a quick insight into current market opportunities from investing in Algoma Central. Many technical investors use Algoma Central stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Algoma |
Algoma Central Sets New 12-Month Low at 14.09 MarketBeat
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Algoma Central Fundamental Analysis
We analyze Algoma Central's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algoma Central using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algoma Central based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Algoma Central is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Algoma Central Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Algoma Central stock to make a market-neutral strategy. Peer analysis of Algoma Central could also be used in its relative valuation, which is a method of valuing Algoma Central by comparing valuation metrics with similar companies.
Peers
Algoma Central Related Equities
| RBA | Ritchie Bros | 0.03 | ||||
| AIF | Altus Group | 0.57 | ||||
| NWC | North West | 1.92 | ||||
| WPK | Winpak | 5.54 |
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.