Algoma Steel Group Inc Down 7.96 percent To 7.05 After Earnings Miss - InvestorsObserver
| 9ZY Stock | 10.10 0.10 1.00% |
Roughly 50% of ALGOMA STEEL's stockholders are presently thinking to get in. The analysis of current outlook of investing in ALGOMA STEEL GROUP suggests that some traders are interested regarding ALGOMA STEEL's prospects. The current market sentiment, together with ALGOMA STEEL's historical and current headlines, can help investors time the market. In addition, many technical investors use ALGOMA STEEL GROUP stock news signals to limit their universe of possible portfolio assets.
ALGOMA STEEL stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of ALGOMA daily returns and investor perception about the current price of ALGOMA STEEL GROUP as well as its diversification or hedging effects on your existing portfolios.
ALGOMA |
Algoma Steel Group Inc Down 7.96 percent To 7.05 After Earnings Miss InvestorsObserver
Read at news.google.com
 |
ALGOMA STEEL Fundamental Analysis
We analyze ALGOMA STEEL's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ALGOMA STEEL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ALGOMA STEEL based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
ALGOMA STEEL is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
ALGOMA STEEL GROUP Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ALGOMA STEEL stock to make a market-neutral strategy. Peer analysis of ALGOMA STEEL could also be used in its relative valuation, which is a method of valuing ALGOMA STEEL by comparing valuation metrics with similar companies.
Peers
ALGOMA STEEL Related Equities
| ARRJ | ArcelorMittal | 1.72 | ||||
| NPSA | NIPPON STEEL | 1.65 | ||||
| RS6 | Reliance Steel | 0.1 |
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.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |