Algoma Free Cash Flow Yield vs Price To Sales Ratio Analysis

ALC Stock

CAD 15.13 0.18 1.20%

Algoma Central financial indicator trend analysis is way more than just evaluating Algoma Central prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Central is a good investment. Please check the relationship between Algoma Central Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Central Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Algoma Central's Free Cash Flow Yield and Price To Sales Ratio is -0.28. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Algoma Central, assuming nothing else is changed. The correlation between historical values of Algoma Central's Free Cash Flow Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Algoma Central are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Algoma Central's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Algoma Central stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Algoma Central sales, a figure that is much harder to manipulate than other Algoma Central multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Algoma Central's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Central current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Algoma Central's Discontinued Operations is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value is likely to grow to about 966.2 M, while Selling General Administrative is likely to drop about 26.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	531.0M	612.5M	116.1M	110.3M
Total Revenue	598.9M	677.9M	721.2M	499.6M

Gross Profit Total Revenue

Algoma Central fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		0.27	0.69	0.94	0.95	0.59	0.96	0.79	0.13	0.95	0.01	0.13	0.43	0.3	0.92	0.62	0.05	-0.84	0.93	0.64	0.28	0.95	0.07	-0.68	-0.13	0.13
Other Current Liab	0.27		0.62	0.04	0.32	0.27	0.08	0.21	-0.01	0.31	-0.19	-0.01	-0.26	-0.07	0.4	0.07	0.04	-0.06	0.5	0.18	-0.09	0.38	-0.01	-0.25	-0.42	-0.04
Total Current Liabilities	0.69	0.62		0.51	0.82	0.76	0.57	0.62	-0.31	0.81	-0.32	-0.31	0.1	-0.12	0.63	0.43	-0.24	-0.44	0.8	0.59	-0.29	0.76	-0.02	-0.58	-0.52	0.27
Total Stockholder Equity	0.94	0.04	0.51		0.85	0.47	0.99	0.64	0.17	0.86	0.09	0.17	0.51	0.36	0.77	0.52	0.15	-0.85	0.75	0.55	0.37	0.8	0.21	-0.53	0.08	0.14
Property Plant And Equipment Net	0.95	0.32	0.82	0.85		0.76	0.89	0.81	-0.14	0.99	-0.22	-0.14	0.39	0.12	0.88	0.58	-0.13	-0.74	0.93	0.7	-0.02	0.96	0.01	-0.67	-0.32	0.17
Net Debt	0.59	0.27	0.76	0.47	0.76		0.54	0.61	-0.63	0.76	-0.57	-0.63	0.32	0.0	0.54	0.4	-0.27	-0.44	0.65	0.85	-0.45	0.66	-0.22	-0.59	-0.57	0.55
Retained Earnings	0.96	0.08	0.57	0.99	0.89	0.54		0.67	0.11	0.9	0.02	0.11	0.5	0.31	0.8	0.52	0.11	-0.85	0.8	0.58	0.3	0.85	0.17	-0.56	0.0	0.13
Accounts Payable	0.79	0.21	0.62	0.64	0.81	0.61	0.67		0.04	0.78	-0.09	0.04	0.4	0.31	0.85	0.74	-0.31	-0.68	0.85	0.7	0.11	0.83	-0.12	-0.71	-0.24	0.17
Cash	0.13	-0.01	-0.31	0.17	-0.14	-0.63	0.11	0.04		-0.16	0.86	1.0	-0.17	0.47	0.2	0.11	0.37	-0.31	0.06	-0.28	0.9	0.03	0.27	-0.14	0.57	-0.38
Non Current Assets Total	0.95	0.31	0.81	0.86	0.99	0.76	0.9	0.78	-0.16		-0.25	-0.16	0.4	0.1	0.87	0.59	-0.13	-0.7	0.92	0.71	-0.04	0.95	0.0	-0.64	-0.36	0.2
Non Currrent Assets Other	0.01	-0.19	-0.32	0.09	-0.22	-0.57	0.02	-0.09	0.86	-0.25		0.86	-0.1	0.55	0.03	0.14	0.31	-0.3	-0.07	-0.26	0.81	-0.1	0.14	-0.13	0.69	-0.16
Cash And Short Term Investments	0.13	-0.01	-0.31	0.17	-0.14	-0.63	0.11	0.04	1.0	-0.16	0.86		-0.17	0.47	0.2	0.11	0.37	-0.31	0.06	-0.28	0.9	0.03	0.27	-0.14	0.57	-0.38
Net Receivables	0.43	-0.26	0.1	0.51	0.39	0.32	0.5	0.4	-0.17	0.4	-0.1	-0.17		0.27	0.32	0.25	-0.18	-0.51	0.28	0.17	0.15	0.27	-0.19	-0.19	0.26	0.12
Common Stock Shares Outstanding	0.3	-0.07	-0.12	0.36	0.12	0.0	0.31	0.31	0.47	0.1	0.55	0.47	0.27		0.3	0.3	0.32	-0.56	0.2	0.33	0.65	0.14	0.09	-0.27	0.57	0.33
Non Current Liabilities Total	0.92	0.4	0.63	0.77	0.88	0.54	0.8	0.85	0.2	0.87	0.03	0.2	0.32	0.3		0.67	-0.01	-0.75	0.97	0.61	0.28	0.96	-0.12	-0.75	-0.24	0.02
Inventory	0.62	0.07	0.43	0.52	0.58	0.4	0.52	0.74	0.11	0.59	0.14	0.11	0.25	0.3	0.67		-0.11	-0.49	0.65	0.64	0.18	0.64	-0.13	-0.65	-0.19	0.3
Other Current Assets	0.05	0.04	-0.24	0.15	-0.13	-0.27	0.11	-0.31	0.37	-0.13	0.31	0.37	-0.18	0.32	-0.01	-0.11		-0.16	-0.08	-0.15	0.55	-0.07	0.2	0.14	0.42	-0.08
Other Stockholder Equity	-0.84	-0.06	-0.44	-0.85	-0.74	-0.44	-0.85	-0.68	-0.31	-0.7	-0.3	-0.31	-0.51	-0.56	-0.75	-0.49	-0.16		-0.72	-0.53	-0.54	-0.71	-0.13	0.73	-0.28	-0.16
Total Liab	0.93	0.5	0.8	0.75	0.93	0.65	0.8	0.85	0.06	0.92	-0.07	0.06	0.28	0.2	0.97	0.65	-0.08	-0.72		0.66	0.14	0.98	-0.1	-0.76	-0.34	0.09
Property Plant And Equipment Gross	0.64	0.18	0.59	0.55	0.7	0.85	0.58	0.7	-0.28	0.71	-0.26	-0.28	0.17	0.33	0.61	0.64	-0.15	-0.53	0.66		-0.14	0.67	-0.1	-0.71	-0.46	0.69
Total Current Assets	0.28	-0.09	-0.29	0.37	-0.02	-0.45	0.3	0.11	0.9	-0.04	0.81	0.9	0.15	0.65	0.28	0.18	0.55	-0.54	0.14	-0.14		0.1	0.22	-0.22	0.71	-0.2
Short Long Term Debt Total	0.95	0.38	0.76	0.8	0.96	0.66	0.85	0.83	0.03	0.95	-0.1	0.03	0.27	0.14	0.96	0.64	-0.07	-0.71	0.98	0.67	0.1		-0.09	-0.74	-0.36	0.08
Short Term Debt	0.07	-0.01	-0.02	0.21	0.01	-0.22	0.17	-0.12	0.27	0.0	0.14	0.27	-0.19	0.09	-0.12	-0.13	0.2	-0.13	-0.1	-0.1	0.22	-0.09		0.19	0.3	-0.01
Current Deferred Revenue	-0.68	-0.25	-0.58	-0.53	-0.67	-0.59	-0.56	-0.71	-0.14	-0.64	-0.13	-0.14	-0.19	-0.27	-0.75	-0.65	0.14	0.73	-0.76	-0.71	-0.22	-0.74	0.19		0.25	-0.37
Common Stock Total Equity	-0.13	-0.42	-0.52	0.08	-0.32	-0.57	0.0	-0.24	0.57	-0.36	0.69	0.57	0.26	0.57	-0.24	-0.19	0.42	-0.28	-0.34	-0.46	0.71	-0.36	0.3	0.25		-0.22
Common Stock	0.13	-0.04	0.27	0.14	0.17	0.55	0.13	0.17	-0.38	0.2	-0.16	-0.38	0.12	0.33	0.02	0.3	-0.08	-0.16	0.09	0.69	-0.2	0.08	-0.01	-0.37	-0.22

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Algoma Central Account Relationship Matchups

Algoma Central fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.2B	1.2B	1.4B	1.3B	829.0M
Other Current Liab	14.3M	107.2M	5.9M	60.4M	14.6M	20.5M
Total Current Liabilities	156.8M	179.3M	84.5M	150.8M	147.2M	103.8M
Total Stockholder Equity	660.4M	560.6M	640.3M	726.0M	778.3M	484.0M
Property Plant And Equipment Net	840.0M	841.9M	819.6M	859.9M	891.7M	560.2M
Net Debt	316.4M	287.2M	283.3M	260.8M	344.5M	361.8M
Retained Earnings	674.8M	582.0M	660.2M	719.5M	769.4M	469.1M
Accounts Payable	60.7M	70.9M	77.2M	83.5M	70.3M	58.4M
Cash	18.9M	103.9M	108.9M	142.0M	32.8M	31.2M
Non Current Assets Total	1.0B	1.0B	1.0B	1.1B	1.2B	650.0M
Non Currrent Assets Other	6.6M	24.1M	20.5M	38.6M	22.2M	30.0M
Cash And Short Term Investments	18.9M	103.9M	108.9M	142.0M	32.8M	31.2M
Net Receivables	75.6M	69.7M	60.6M	69.1M	100.4M	74.3M
Common Stock Shares Outstanding	38.2M	42.0M	42.9M	42.9M	43.1M	44.7M
Liabilities And Stockholders Equity	1.1B	1.2B	1.2B	1.4B	1.3B	829.0M
Non Current Liabilities Total	330.1M	483.2M	475.3M	488.8M	418.7M	239.7M
Inventory	10.6M	8.9M	12.5M	19.1M	15.8M	9.9M
Other Current Assets	9K	6.3M	8.6M	20.2M	12.4M	13.5M
Other Stockholder Equity	3.5M	3.3M	3.3M	2.9M	2.6M	2.4M
Total Liab	487.0M	662.5M	559.8M	639.7M	565.8M	343.4M
Property Plant And Equipment Gross	840.0M	841.9M	1.3B	1.4B	1.4B	1.5B
Total Current Assets	114.4M	188.8M	190.6M	250.3M	161.4M	179.1M
Accumulated Other Comprehensive Income	(26.0M)	(32.8M)	(31.3M)	(8.1M)	(20.2M)	(21.3M)
Short Long Term Debt Total	335.2M	391.2M	392.2M	402.8M	377.4M	191.6M
Short Term Debt	80.1M	337K	282K	5.3M	60.8M	36.8M
Current Deferred Revenue	1.7M	907K	1.1M	1.7M	1.5M	1.4M
Common Stock Total Equity	19.0M	17.1M	9.3M	9.1M	10.5M	14.7M
Common Stock	8.2M	8.1M	8.1M	11.7M	29.2M	30.6M
Other Liab	75.0M	92.3M	83.4M	91.4M	105.1M	84.6M
Net Tangible Assets	649.2M	552.7M	632.4M	718.1M	825.8M	690.8M
Other Assets	38.9M	38.7M	26.9M	29.4M	1.0	0.95
Long Term Debt	254.8M	390.5M	391.5M	397.2M	316.4M	318.1M
Long Term Investments	142.8M	145.8M	155.1M	209.0M	260.9M	274.0M
Short Long Term Debt	80.1M	143K	150K	5.2M	60.7M	64.6M
Property Plant Equipment	840.0M	841.9M	819.6M	851.0M	978.7M	789.3M
Long Term Debt Total	255.1M	390.8M	391.9M	397.5M	457.1M	332.7M
Capital Surpluse	1.2M	1.0M	985K	582K	523.8K	497.6K
Net Invested Capital	995.3M	951.2M	1.0B	1.1B	1.2B	1.1B
Net Working Capital	(42.4M)	9.5M	106.1M	99.5M	14.2M	13.5M

Pair Trading with Algoma Central

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 Central 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 Central will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Algoma Central 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 Central 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 Central - 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 Central to buy it.

The correlation of Algoma Central 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 Central moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Central 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 Central 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.

Pair Correlation Correlation Matching

Other Information on Investing in Algoma Stock

Balance Sheet is a snapshot of the financial position of Algoma Central at a specified time, usually calculated after every quarter, six months, or one year. Algoma Central Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Algoma Central and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Algoma currently owns. An asset can also be divided into two categories, current and non-current.

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Algoma Free Cash Flow Yield vs Price To Sales Ratio Analysis

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Price To Sales Ratio

Algoma Central fundamental ratios Correlations

Algoma Central Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algoma Central fundamental ratios Accounts

Pair Trading with Algoma Central

Other Information on Investing in Algoma Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Short Long Term Debt Total	+ 0.98	Total Liab
Total Liab	+ 0.97	Non Current Liabilities Total
Retained Earnings	+ 0.96	Total Assets

Other Stockholder Equity	- 0.85	Retained Earnings
Other Stockholder Equity	- 0.85	Total Stockholder Equity
Other Stockholder Equity	- 0.84	Total Assets
Current Deferred Revenue	- 0.76	Total Liab
Current Deferred Revenue	- 0.75	Non Current Liabilities Total
Other Stockholder Equity	- 0.75	Non Current Liabilities Total