ALGOMA STEEL (Germany) Today
| 9ZY Stock | 8.05 0.10 1.23% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ALGOMA STEEL is trading at 8.05 as of the 31st of January 2025. This is a 1.23% down since the beginning of the trading day. The stock's lowest day price was 8.05. ALGOMA STEEL has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 3rd of September 2024 and ending today, the 31st of January 2025. Click here to learn more.
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ALGOMA Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ALGOMA STEEL's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ALGOMA STEEL or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Iron (View all Themes) |
| Business Concentration | Iron, Steel, Basic Materials (View all Sectors) |
ALGOMA STEEL GROUP (9ZY) is traded on Frankfurt Exchange in Germany . The company currently falls under 'Small-Cap' category with a current market capitalization of 818.92 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ALGOMA STEEL's market, we take the total number of its shares issued and multiply it by ALGOMA STEEL's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ALGOMA STEEL GROUP classifies itself under Basic Materials sector and is part of Steel industry. The entity has 103.86 M outstanding shares.
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Ownership AllocationALGOMA STEEL holds a total of 103.86 Million outstanding shares. The majority of ALGOMA STEEL GROUP outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in ALGOMA STEEL GROUP to benefit from reduced commissions. Thereupon, institutional investors are subject to a different set of regulations than regular investors in ALGOMA STEEL. Please pay attention to any change in the institutional holdings of ALGOMA STEEL GROUP as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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ALGOMA STEEL GROUP Risk Profiles
Although ALGOMA STEEL's alpha and beta are two of the key measurements used to evaluate ALGOMA STEEL's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.01 | |||
| Standard Deviation | 2.69 | |||
| Variance | 7.22 | |||
| Risk Adjusted Performance | (0.02) |
ALGOMA Stock Against Markets
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Additional Information and Resources on Investing in ALGOMA Stock
When determining whether ALGOMA STEEL GROUP is a strong investment it is important to analyze ALGOMA STEEL's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ALGOMA STEEL's future performance. For an informed investment choice regarding ALGOMA Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ALGOMA STEEL GROUP. 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. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.