North American Morning Briefing Investors Eye -2- - Marketscreener.com
| ASTL Stock | 13.79 0.28 2.07% |
About 55% of Algoma Steel's investors are presently thinking to get in. The current sentiment regarding investing in Algoma Steel Group stock implies that some traders are interested. Algoma Steel's investing sentiment overview a quick insight into current market opportunities from investing in Algoma Steel Group. Many technical investors use Algoma Steel Group stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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North American Morning Briefing Investors Eye -2- Marketscreener.com
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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.
Current Valuation
Current Valuation Comparative Analysis
Algoma Steel is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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
| ASTL | Algoma Steel | 1.87 | ||||
| WFG | West Fraser | 1.72 | ||||
| CIA | Champion Iron | 1.16 | ||||
| ERO | Ero Copper | 0.89 |
Check out Algoma Steel Hype Analysis, Algoma Steel Correlation and Algoma Steel Performance. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.