Algoma Steel Group Stock Market Value
| ASTL Stock | USD 8.32 0.07 0.85% |
| Symbol | Algoma |
Algoma Steel Group Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algoma Steel. If investors know Algoma will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algoma Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Dividend Share 0.236 | Earnings Share (1.01) | Revenue Per Share | Quarterly Revenue Growth (0.18) |
The market value of Algoma Steel Group is measured differently than its book value, which is the value of Algoma that is recorded on the company's balance sheet. Investors also form their own opinion of Algoma Steel's value that differs from its market value or its book value, called intrinsic value, which is Algoma Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algoma Steel's market value can be influenced by many factors that don't directly affect Algoma Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algoma Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algoma Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algoma Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Algoma Steel 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Algoma Steel's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Algoma Steel.
| 01/29/2023 |
| 01/18/2025 |
If you would invest 0.00 in Algoma Steel on January 29, 2023 and sell it all today you would earn a total of 0.00 from holding Algoma Steel Group or generate 0.0% return on investment in Algoma Steel over 720 days. Algoma Steel is related to or competes with Friedman Industries, ArcelorMittal, Aperam PK, Acerinox, Algoma Steel, Reliance Steel, and Universal Stainless. Algoma Steel Group Inc. produces and sells steel products primarily in North America More
Algoma Steel Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Algoma Steel's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Algoma Steel Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.75 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 2.82 |
Algoma Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Algoma Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Algoma Steel's standard deviation. In reality, there are many statistical measures that can use Algoma Steel historical prices to predict the future Algoma Steel's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (1.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Algoma Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Algoma Steel Group Backtested Returns
Algoma Steel Group secures Sharpe Ratio (or Efficiency) of -0.0865, which signifies that the company had a -0.0865% return per unit of standard deviation over the last 3 months. Algoma Steel Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Algoma Steel's mean deviation of 1.84, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Algoma Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Algoma Steel is expected to be smaller as well. At this point, Algoma Steel Group has a negative expected return of -0.22%. Please make sure to confirm Algoma Steel's total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Algoma Steel Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Algoma Steel Group has insignificant predictability. Overlapping area represents the amount of predictability between Algoma Steel time series from 29th of January 2023 to 24th of January 2024 and 24th of January 2024 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Algoma Steel Group price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Algoma Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.55 |
Algoma Steel Group lagged returns against current returns
Autocorrelation, which is Algoma Steel stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Algoma Steel's stock expected returns. We can calculate the autocorrelation of Algoma Steel returns to help us make a trade decision. For example, suppose you find that Algoma Steel has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Algoma Steel regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Algoma Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Algoma Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Algoma Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Algoma Steel Lagged Returns
When evaluating Algoma Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Algoma Steel stock have on its future price. Algoma Steel autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Algoma Steel autocorrelation shows the relationship between Algoma Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Algoma Steel Group.
Regressed Prices |
| Timeline |
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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.