Algoma Steel Group Stock Performance
| ASTL Stock | 15.02 0.10 0.67% |
Algoma Steel has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Algoma Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Algoma Steel is expected to be smaller as well. Algoma Steel Group right now shows a risk of 2.18%. Please confirm Algoma Steel Group coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Algoma Steel Group will be following its price patterns.
Risk-Adjusted Performance
6 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Algoma Steel Group are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very conflicting basic indicators, Algoma Steel may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
Forward Dividend Yield 0.0187 | Payout Ratio 0.3854 | Forward Dividend Rate 0.28 | Dividend Date 2024-12-27 | Ex Dividend Date 2024-11-27 |
1 | Algoma Steel Shareholders Endorse Director Slate and Auditors - TipRanks | 09/24/2024 |
2 | PCJ Investment Counsel Ltd. Makes New 1.88 Million Investment in Algoma Steel Group Inc. - MarketBeat | 11/20/2024 |
| Begin Period Cash Flow | 251.3 M |
Algoma |
Algoma Steel Relative Risk vs. Return Landscape
If you would invest 1,369 in Algoma Steel Group on September 3, 2024 and sell it today you would earn a total of 133.00 from holding Algoma Steel Group or generate 9.72% return on investment over 90 days. Algoma Steel Group is generating 0.1679% of daily returns and assumes 2.1789% volatility on return distribution over the 90 days horizon. Simply put, 19% of stocks are less volatile than Algoma, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. 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 = 0.0771
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.18 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Algoma Steel is performing at about 6% of its full potential. 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 it 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 | -0.1 | ||||
| Return On Asset | -0.0352 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | (0.17) % | ||||
| Current Valuation | 1.73 B | ||||
| Shares Outstanding | 104.42 M | ||||
| Price To Book | 1.11 X | ||||
| Price To Sales | 0.63 X | ||||
| Revenue | 2.8 B | ||||
| Gross Profit | 389.8 M | ||||
| EBITDA | 282.3 M | ||||
| Net Income | 105.2 M | ||||
| Total Debt | 156.5 M | ||||
| Book Value Per Share | 13.54 X | ||||
| Cash Flow From Operations | 294.6 M | ||||
| Earnings Per Share | (1.45) X | ||||
| Market Capitalization | 1.57 B | ||||
| Total Asset | 2.68 B | ||||
| Retained Earnings | 288.4 M | ||||
| Working Capital | 834 M | ||||
About Algoma Steel Performance
By examining Algoma Steel's fundamental ratios, stakeholders can obtain critical insights into Algoma Steel's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Algoma Steel is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 118.46 | 68.16 | |
| Return On Tangible Assets | 0.04 | 0.04 | |
| Return On Capital Employed | 0.07 | 0.08 | |
| Return On Assets | 0.04 | 0.04 | |
| Return On Equity | 0.07 | 0.09 |
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.| Over 76.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: PCJ Investment Counsel Ltd. Makes New 1.88 Million Investment in Algoma Steel Group Inc. - MarketBeat |
- 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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.