Algoma Steel Group Stock Performance
ASTL Stock | USD 8.43 0.04 0.48% |
The firm shows a Beta (market volatility) of 1.69, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Algoma Steel will likely underperform. Algoma Steel Group has an expected return of -0.25%. Please make sure to confirm Algoma Steel Group treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Algoma Steel Group performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Algoma Steel Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain quite persistent which may send shares a bit higher in April 2024. The latest mess may also be a sign of long-standing up-swing for the company institutional investors. ...more
Actual Historical Performance (%)
One Day Return 0.48 | Five Day Return 5.11 | Year To Date Return (11.54) | Ten Year Return (13.18) | All Time Return (13.18) |
Forward Dividend Yield 0.0238 | Payout Ratio 0.02 | Forward Dividend Rate 0.2 | Dividend Date 2024-03-29 | Ex Dividend Date 2024-02-28 |
Algoma Steel dividend paid on 29th of December 2023 | 12/29/2023 |
1 | Algoma Steel expects Q3 total steel shipments to be 515,000 tons | 01/03/2024 |
2 | New Strong Sell Stocks for January 26th | 01/26/2024 |
3 | Algoma Steel to Announce Fiscal 2024 Third Quarter Results February 6, 2024 | 01/29/2024 |
4 | Donald Smith Co. Bolsters Stake in Algoma Steel Group Inc | 02/06/2024 |
5 | Algoma Steel Group Inc. 2024 Q3 - Results - Earnings Call Presentation - Seeking Alpha | 02/07/2024 |
6 | Grantham Mayo Van Otterloo Co. LLC Sells 71800 Shares of Algoma Steel Group Inc. - MarketBeat | 02/22/2024 |
7 | How the price action is used to our Advantage - Stock Traders Daily.com | 02/28/2024 |
8 | Short Interest in Algoma Steel Group Inc. Rises By 7.1 | 03/06/2024 |
9 | ALGOMA STEEL GROUP INC. Revenue Breakdown FWB9ZY TradingView - TradingView | 03/21/2024 |
10 | Algoma Steel Inc. Announces Pricing of US350 Million 9.125 percent Senior Secured Second Lien Notes due 2029 | 03/26/2024 |
Begin Period Cash Flow | 915.3 M | |
Total Cashflows From Investing Activities | -333.5 M |
Algoma |
Algoma Steel Relative Risk vs. Return Landscape
If you would invest 997.00 in Algoma Steel Group on December 29, 2023 and sell it today you would lose (154.00) from holding Algoma Steel Group or give up 15.45% of portfolio value over 90 days. Algoma Steel Group is currently does not generate positive expected returns and assumes 2.404% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of stocks are less volatile than Algoma, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
Risk |
Algoma Steel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Algoma Steel's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Algoma Steel Group, and traders can use it to determine the average amount a Algoma Steel's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1024
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Negative Returns | ASTL |
Estimated Market Risk
2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 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.
Algoma Steel Fundamentals Growth
Algoma Stock prices reflect investors' perceptions of the future prospects and financial health of Algoma Steel, and Algoma Steel fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Algoma Stock performance.
Return On Equity | 0.039 | ||||
Return On Asset | 0.037 | ||||
Current Valuation | 910.26 M | ||||
Shares Outstanding | 104.04 M | ||||
Price To Earning | 1.15 X | ||||
Price To Book | 0.82 X | ||||
Price To Sales | 0.31 X | ||||
Revenue | 2.78 B | ||||
Gross Profit | 389.8 M | ||||
EBITDA | 393.9 M | ||||
Net Income | 298.5 M | ||||
Cash Per Share | 10.79 X | ||||
Debt To Equity | 0.07 % | ||||
Current Ratio | 2.09 X | ||||
Cash Flow From Operations | 177.3 M | ||||
Earnings Per Share | 0.47 X | ||||
Total Asset | 2.46 B | ||||
Retained Earnings | 211.6 M | ||||
About Algoma Steel Performance
To evaluate Algoma Steel Group Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Algoma Steel generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Algoma Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Algoma Steel Group market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Algoma's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.12 | 0.13 | |
Return On Assets | 0.12 | 0.11 | |
Return On Equity | 0.23 | 0.19 |
Things to note about Algoma Steel Group performance evaluation
Checking the ongoing alerts about Algoma Steel for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Algoma Steel Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Algoma Steel Group generated a negative expected return over the last 90 days | |
Algoma Steel Group has a frail financial position based on the latest SEC disclosures | |
About 74.0% of the company shares are held by institutions such as insurance companies | |
Latest headline from globenewswire.com: Algoma Steel Inc. Announces Pricing of US350 Million 9.125 percent Senior Secured Second Lien Notes due 2029 |
- Analyzing Algoma Steel's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Algoma Steel's stock is overvalued or undervalued compared to its peers.
- Examining Algoma Steel's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Algoma Steel's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Algoma Steel's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Algoma Steel's stock. These opinions can provide insight into Algoma Steel's potential for growth and whether the stock is currently undervalued or overvalued.
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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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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 0.47 | 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.