ALGOMA STEEL Financials
| 9ZY Stock | 5.75 0.15 2.54% |
ALGOMA |
Understanding current and past ALGOMA STEEL Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of ALGOMA STEEL's financial statements are interrelated, with each one affecting the others. For example, an increase in ALGOMA STEEL's assets may result in an increase in income on the income statement.
| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| ISIN | CA0156581070 |
| Sector | Basic Materials |
| Industry | Steel |
| Benchmark | Dow Jones Industrial |
You should never invest in ALGOMA STEEL without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of ALGOMA Stock, because this is throwing your money away. Analyzing the key information contained in ALGOMA STEEL's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
ALGOMA STEEL Key Financial Ratios
There are many critical financial ratios that ALGOMA STEEL's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that ALGOMA STEEL GROUP reports annually and quarterly.ALGOMA Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ALGOMA STEEL's current stock value. Our valuation model uses many indicators to compare ALGOMA STEEL value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ALGOMA STEEL competition to find correlations between indicators driving ALGOMA STEEL's intrinsic value. More Info.ALGOMA STEEL GROUP is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.42 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for ALGOMA STEEL GROUP is roughly 2.36 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ALGOMA STEEL's earnings, one of the primary drivers of an investment's value.ALGOMA STEEL GROUP Systematic Risk
ALGOMA STEEL's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ALGOMA STEEL volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on ALGOMA STEEL GROUP correlated with the market. If Beta is less than 0 ALGOMA STEEL generally moves in the opposite direction as compared to the market. If ALGOMA STEEL Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ALGOMA STEEL GROUP is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ALGOMA STEEL is generally in the same direction as the market. If Beta > 1 ALGOMA STEEL moves generally in the same direction as, but more than the movement of the benchmark.
ALGOMA STEEL Thematic Clasifications
ALGOMA STEEL GROUP is part of Iron investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Steel and Iron production. Companies involved in production of steel and iron
This theme covers Steel and Iron production. Companies involved in production of steel and iron. Get More Thematic Ideas
| Iron | View |
ALGOMA STEEL March 22, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ALGOMA STEEL help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ALGOMA STEEL GROUP. We use our internally-developed statistical techniques to arrive at the intrinsic value of ALGOMA STEEL GROUP based on widely used predictive technical indicators. In general, we focus on analyzing ALGOMA Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ALGOMA STEEL's daily price indicators and compare them against related drivers.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 19.81 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 4.51 |
Complementary 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.
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