Weiss Asset Management LP Takes 665,000 Position in Algoma Steel Group Inc. - MarketBeat
| ASTL Stock | 14.18 0.16 1.12% |
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.
Algoma |
Weiss Asset Management LP Takes 665,000 Position in Algoma Steel Group Inc. MarketBeat
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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.
Book Value Per Share
Book Value Per Share Comparative Analysis
Algoma Steel is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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
| DCMC | Dore Copper | 7.14 | ||||
| QCCU | QC Copper | 0.00 | ||||
| ASCU | Arizona Sonoran | 0.68 | ||||
| MARI | Marimaca Copper | 0.87 |
Check out Algoma Steel Hype Analysis, Algoma Steel Correlation and Algoma Steel Performance. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.