Algoma Steel Group Stock Market Value
| ASTLW Stock | USD 2.12 0.14 6.19% |
| 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) | Earnings Share (0.62) | Revenue Per Share 22.941 | Quarterly Revenue Growth (0.18) | Return On Assets (0.04) |
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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Algoma Steel on October 26, 2024 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 30 days. Algoma Steel is related to or competes with Algoma Steel, and Evolv Technologies. Algoma Steel Group Inc. produces and sells steel products in Canada and the United States 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.
| Downside Deviation | 4.96 | |||
| Information Ratio | 0.1061 | |||
| Maximum Drawdown | 28.47 | |||
| Value At Risk | (7.91) | |||
| Potential Upside | 7.93 |
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 | 0.1096 | |||
| Jensen Alpha | 0.4467 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1084 | |||
| Treynor Ratio | 0.3749 |
Algoma Steel Group Backtested Returns
Algoma Steel appears to be dangerous, given 3 months investment horizon. Algoma Steel Group secures Sharpe Ratio (or Efficiency) of 0.0753, which signifies that the company had a 0.0753% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Algoma Steel Group, which you can use to evaluate the volatility of the firm. Please makes use of Algoma Steel's mean deviation of 3.75, and Risk Adjusted Performance of 0.1096 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Algoma Steel holds a performance score of 5. The firm shows a Beta (market volatility) of 1.76, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Algoma Steel will likely underperform. Please check Algoma Steel's downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Algoma Steel's price patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Algoma Steel Group has average predictability. Overlapping area represents the amount of predictability between Algoma Steel time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. 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 0.4 indicates that just about 40.0% of current Algoma Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.