Algoma Invested Capital vs Pb Ratio Analysis
| ASTL Stock | 10.67 0.11 1.02% |
Algoma Steel financial indicator trend analysis is way more than just evaluating Algoma Steel Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Steel Group is a good investment. Please check the relationship between Algoma Steel Invested Capital and its Pb Ratio accounts. 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 board of governors.
Invested Capital vs Pb Ratio
Invested Capital vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Invested Capital account and Pb Ratio. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Algoma Steel's Invested Capital and Pb Ratio is 0.97. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Algoma Steel Group, assuming nothing else is changed. The correlation between historical values of Algoma Steel's Invested Capital and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Algoma Steel Group are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Invested Capital i.e., Algoma Steel's Invested Capital and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Algoma Steel Group. There are two different methods for calculating Algoma Steel Group invested capital: operating approach and financing approach. Understanding Algoma Steel invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Pb Ratio
Most indicators from Algoma Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Steel Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 board of governors. As of the 28th of May 2024, Tax Provision is likely to drop to about 86.3 M. In addition to that, Selling General Administrative is likely to drop to about 86.8 M
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 87M | 95.3M | 85.8M | 79.5M | Total Operating Expenses | 103M | 2.5B | 2.9B | 3.0B |
Algoma Steel fundamental ratios Correlations
Click cells to compare fundamentals
Algoma Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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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