Barton Reynolds - Algoma Central Executive Technical

ALC Stock  CAD 15.02  0.02  0.13%   

Executive

Barton Reynolds is Executive Technical of Algoma Central
Address 63 Church Street, Saint Catharines, ON, Canada, L2R 3C4
Phone905 687 7888
Webhttps://www.algonet.com

Algoma Central Management Efficiency

The company has return on total asset (ROA) of 0.0278 % which means that it generated a profit of $0.0278 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0926 %, meaning that it generated $0.0926 on every $100 dollars invested by stockholders. Algoma Central's management efficiency ratios could be used to measure how well Algoma Central manages its routine affairs as well as how well it operates its assets and liabilities. As of the 4th of December 2024, Return On Tangible Assets is likely to grow to 0.06. Also, Return On Capital Employed is likely to grow to 0.12. At this time, Algoma Central's Return On Assets are very stable compared to the past year. As of the 4th of December 2024, Asset Turnover is likely to grow to 0.74, while Total Assets are likely to drop about 829 M.
Algoma Central has accumulated 377.37 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.

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Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Algoma Central Corporation was founded in 1899 and is headquartered in St. ALGOMA CENTRAL operates under Shipping Ports classification in Canada and is traded on Toronto Stock Exchange. It employs 2000 people. Algoma Central (ALC) is traded on Toronto Exchange in Canada and employs 1,600 people. Algoma Central is listed under Marine Transportation category by Fama And French industry classification.

Management Performance

Algoma Central Leadership Team

Elected by the shareholders, the Algoma Central's board of directors comprises two types of representatives: Algoma Central inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Algoma. The board's role is to monitor Algoma Central's management team and ensure that shareholders' interests are well served. Algoma Central's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Algoma Central's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gregg Ruhl, CEO President
Wesley LLB, Executive Secretary
Thomas Siklos, VP of Real Estate
Cathy Smith, VicePresident Resources
Stephen Wright, Executive Technical
Fredrik Hanson, Vice Admin
Jeffrey PEng, VicePresident Marketing
Steve Wright, Executive Technical
Barton Reynolds, Executive Technical

Algoma Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Algoma Central a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Algoma Central

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algoma Central position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algoma Central will appreciate offsetting losses from the drop in the long position's value.

Moving together with Algoma Stock

  0.66WINS Winshear Gold CorpPairCorr

Moving against Algoma Stock

  0.59TIL Till CapitalPairCorr
  0.34NRR-UN Northview ResidentialPairCorr
The ability to find closely correlated positions to Algoma Central could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algoma Central when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algoma Central - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algoma Central to buy it.
The correlation of Algoma Central is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algoma Central moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Central moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Algoma Central can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Algoma Stock

Algoma Central financial ratios help investors to determine whether Algoma Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Algoma with respect to the benefits of owning Algoma Central security.