Algoma Steel Group Stock Price on February 21, 2024
| ASTL Stock | USD 7.81 0.12 1.56% |
If you're considering investing in Algoma Stock, it is important to understand the factors that can impact its price. As of today, the current price of Algoma Steel stands at 7.81, as last reported on the 4th of May, with the highest price reaching 7.81 and the lowest price hitting 7.61 during the day. Algoma Steel Group secures Sharpe Ratio (or Efficiency) of -0.0272, which signifies that the company had a -0.0272% return per unit of standard deviation over the last 3 months. Algoma Steel Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Algoma Steel's risk adjusted performance of (0.04), and Mean Deviation of 1.78 to double-check the risk estimate we provide.
At this time, Algoma Steel's Total Stockholder Equity is quite stable compared to the past year. Common Stock Shares Outstanding is expected to rise to about 235.3 M this year, although the value of Other Stockholder Equity is projected to rise to (1 B). . At this time, Algoma Steel's Price Book Value Ratio is quite stable compared to the past year. Price To Book Ratio is expected to rise to 0.87 this year, although the value of Price Earnings Ratio will most likely fall to 4.92. Algoma Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Algoma |
Sharpe Ratio = -0.0272
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Estimated Market Risk
| 2.27 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Algoma Steel is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Algoma Steel by adding Algoma Steel to a well-diversified portfolio.
Price Book 0.7657 | Enterprise Value Ebitda 3.4639 | Price Sales 0.2833 | Shares Float 88.3 M | Dividend Share 0.266 |
Algoma Steel Valuation on February 21, 2024
It is possible to determine the worth of Algoma Steel on a given historical date. On February 21, 2024 Algoma was worth 8.25 at the beginning of the trading date compared to the closed value of 8.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Algoma Steel stock. Still, in general, we apply an absolute valuation method to find Algoma Steel's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Algoma Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Algoma Steel's related companies.
| Open | High | Low | Close | Volume | |
| 8.34 | 8.41 | 8.18 | 8.18 | 292,700 | |
02/21/2024 | 8.25 | 8.34 | 8.18 | 8.27 | 272,900 |
| 8.40 | 8.43 | 8.27 | 8.27 | 269,400 |
| Backtest Algoma Steel | | | Algoma Steel History | | | Algoma Steel Valuation | Previous | Next |
Algoma Steel Trading Date Momentum on February 21, 2024
| On February 22 2024 Algoma Steel Group was traded for 8.27 at the closing time. The top price for the day was 8.43 and the lowest listed price was 8.27 . The trading volume for the day was 269.4 K. The trading history from February 22, 2024 did not affect price variability. The overall trading delta against the current closing price is 4.59% . |
Algoma Steel Group Fundamentals Correlations and Trends
By evaluating Algoma Steel's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Algoma Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Algoma financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Algoma Steel Stock history
Algoma Steel investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Algoma is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Algoma Steel Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Algoma Steel stock prices may prove useful in developing a viable investing in Algoma Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 132.3 M | 235.3 M | |
| Net Income Applicable To Common Shares | 343.3 M | 360.4 M |
Algoma Steel Quarterly Net Working Capital |
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Algoma Steel Stock Technical Analysis
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.
Price Boundaries
Algoma Steel Period Price Range
Low | February 21, 2024
| High |
8.25 | 8.27 |
Algoma Steel May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Algoma Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Algoma Steel shares will generate the highest return on investment. By undertsting and applying Algoma Steel stock market strength indicators, traders can identify Algoma Steel Group entry and exit signals to maximize returns
Algoma Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Algoma Steel's price direction in advance. Along with the technical and fundamental analysis of Algoma Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Algoma to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.09) |
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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 tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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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.
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Is Algoma Steel's industry 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 (0.34) | Dividend Share 0.266 | Earnings Share 0.46 | Revenue Per Share 26.303 | Quarterly Revenue Growth 0.084 |
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.