Algoma Steel Group Stock Technical Analysis
| ASTLW Stock | USD 2.25 0.06 2.74% |
As of the 22nd of November, Algoma Steel shows the risk adjusted performance of 0.0869, and Mean Deviation of 3.78. Algoma Steel Group technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Algoma Steel Group mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Algoma Steel Group is priced correctly, providing market reflects its regular price of 2.25 per share. Please also double-check Algoma Steel Group total risk alpha, which is currently at (0.15) to validate the company can sustain itself at a future point.
Algoma Steel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Algoma, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlgomaAlgoma |
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.
Algoma Steel Group Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Algoma Steel Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Algoma Steel Group Trend Analysis
Use this graph to draw trend lines for Algoma Steel Group. You can use it to identify possible trend reversals for Algoma Steel as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Algoma Steel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Algoma Steel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Algoma Steel Group applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Algoma Steel Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.42, which is the sum of squared deviations for the predicted Algoma Steel price change compared to its average price change.About Algoma Steel Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Algoma Steel Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Algoma Steel Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Algoma Steel Group price pattern first instead of the macroeconomic environment surrounding Algoma Steel Group. By analyzing Algoma Steel's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Algoma Steel's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Algoma Steel specific price patterns or momentum indicators. Please read more on our technical analysis page.
Algoma Steel November 22, 2024 Technical Indicators
Most technical analysis of Algoma help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Algoma from various momentum indicators to cycle indicators. When you analyze Algoma charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0869 | |||
| Market Risk Adjusted Performance | 0.2171 | |||
| Mean Deviation | 3.78 | |||
| Semi Deviation | 4.34 | |||
| Downside Deviation | 4.96 | |||
| Coefficient Of Variation | 972.77 | |||
| Standard Deviation | 5.13 | |||
| Variance | 26.34 | |||
| Information Ratio | 0.0815 | |||
| Jensen Alpha | 0.2689 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0842 | |||
| Treynor Ratio | 0.2071 | |||
| Maximum Drawdown | 28.47 | |||
| Value At Risk | (7.91) | |||
| Potential Upside | 7.93 | |||
| Downside Variance | 24.64 | |||
| Semi Variance | 18.87 | |||
| Expected Short fall | (4.63) | |||
| Skewness | 0.4099 | |||
| Kurtosis | 2.12 |
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.