Algoma Steel Group to Participate in the Jefferies 2024 Industrials Conference - StockTitan
| ASTL Stock | 11.86 0.16 1.33% |
About 62% of Algoma Steel's investor base is looking to short. The current sentiment regarding investing in Algoma Steel Group stock implies that many traders are alarmed. 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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Algoma Steel Group to Participate in the Jefferies 2024 Industrials Conference StockTitan
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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.
Total Debt
Total Debt Comparative Analysis
Algoma Steel is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
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
| WFG | West Fraser | 0.06 |
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| ERO | Ero Copper | 0.19 |
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| ASTL | Algoma Steel | 1.20 |
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| CIA | Champion Iron | 1.56 |
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Check out Algoma Steel Hype Analysis, Algoma Steel Correlation and Algoma Steel Performance. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.