Algoma Central Stock Probability of Future Stock Price Finishing Under 13.95
| ALC Stock | CAD 14.72 0.01 0.07% |
Algoma |
Algoma Central Target Price Odds to finish below 13.95
The tendency of Algoma Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to C$ 13.95 or more in 90 days |
| 14.72 | 90 days | 13.95 | near 1 |
Based on a normal probability distribution, the odds of Algoma Central to drop to C$ 13.95 or more in 90 days from now is near 1 (This Algoma Central probability density function shows the probability of Algoma Stock to fall within a particular range of prices over 90 days) . Probability of Algoma Central price to stay between C$ 13.95 and its current price of C$14.72 at the end of the 90-day period is about 9.54 .
Assuming the 90 days trading horizon Algoma Central has a beta of -0.0659. This suggests as returns on the benchmark increase, returns on holding Algoma Central are expected to decrease at a much lower rate. During a bear market, however, Algoma Central is likely to outperform the market. Additionally Algoma Central has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Algoma Central Price Density |
| Price |
Predictive Modules for Algoma Central
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Algoma Central. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Algoma Central'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 Central Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Algoma Central is not an exception. The market had few large corrections towards the Algoma Central's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Algoma Central, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Algoma Central within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.0027 | |
β | Beta against NYSE Composite | -0.07 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | -0.13 |
Algoma Central Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Algoma Central for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Algoma Central can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company has C$60.66 Million in debt which may indicate that it relies heavily on debt financing | |
| The company has accumulated 60.66 M in total debt with debt to equity ratio (D/E) of 64.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Algoma Central has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Algoma Central until it has trouble settling it off, either with new capital or with free cash flow. So, Algoma Central's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Algoma Central sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Algoma to invest in growth at high rates of return. When we think about Algoma Central's use of debt, we should always consider it together with cash and equity. | |
| About 56.0% of Algoma Central shares are held by company insiders | |
| Latest headline from news.google.com: Algoma Central Sets Date for 2024 Shareholders Meeting - TipRanks.com - TipRanks |
Algoma Central Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Algoma Stock often depends not only on the future outlook of the current and potential Algoma Central's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Algoma Central's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 38.6 M |
Algoma Central Technical Analysis
Algoma Central's future price can be derived by breaking down and analyzing its technical indicators over time. Algoma Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Algoma Central. In general, you should focus on analyzing Algoma Stock price patterns and their correlations with different microeconomic environments and drivers.
Algoma Central Predictive Forecast Models
Algoma Central's time-series forecasting models is one of many Algoma Central's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Algoma Central's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Algoma Central
Checking the ongoing alerts about Algoma Central for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Algoma Central help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company has C$60.66 Million in debt which may indicate that it relies heavily on debt financing | |
| The company has accumulated 60.66 M in total debt with debt to equity ratio (D/E) of 64.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Algoma Central has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Algoma Central until it has trouble settling it off, either with new capital or with free cash flow. So, Algoma Central's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Algoma Central sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Algoma to invest in growth at high rates of return. When we think about Algoma Central's use of debt, we should always consider it together with cash and equity. | |
| About 56.0% of Algoma Central shares are held by company insiders | |
| Latest headline from news.google.com: Algoma Central Sets Date for 2024 Shareholders Meeting - TipRanks.com - TipRanks |
Check out Algoma Central Backtesting, Algoma Central Valuation, Algoma Central Correlation, Algoma Central Hype Analysis, Algoma Central Volatility, Algoma Central History as well as Algoma Central Performance. Note that the Algoma Central information on this page should be used as a complementary analysis to other Algoma Central's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Algoma Stock analysis
When running Algoma Central's price analysis, check to measure Algoma Central'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 Central is operating at the current time. Most of Algoma Central's value examination focuses on studying past and present price action to predict the probability of Algoma Central'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 Central's price. Additionally, you may evaluate how the addition of Algoma Central to your portfolios can decrease your overall portfolio volatility.
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