| ALC Stock | | | CAD 14.37 0.04 0.28% |
Taking into consideration Algoma Central's profitability measurements, Algoma Central is yielding more profit at this time then in previous quarter. It has a moderate risk of reporting better profitability numbers in January. Profitability indicators assess Algoma Central's ability to earn profits and add value for shareholders. As of the 25th of December 2024,
Price To Sales Ratio is likely to drop to 0.70. In addition to that,
Days Sales Outstanding is likely to drop to 42.18. At this time, Algoma Central's
Net Income Applicable To Common Shares is very stable compared to the past year. As of the 25th of December 2024,
Net Income Per Share is likely to grow to 2.26, while
Accumulated Other Comprehensive Income is likely to drop (21.3
M).
For Algoma Central profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Algoma Central to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well Algoma Central utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Algoma Central's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Algoma Central over time as well as its relative position and ranking within its peers.
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Please note, there is a significant difference between Algoma Central's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algoma Central is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algoma Central's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Algoma Central Cash And Equivalents vs. Shares Owned By Insiders Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Algoma Central's current stock value. Our valuation model uses many indicators to compare Algoma Central value to that of its competitors to determine the firm's financial worth.
Algoma Central is number one stock in shares owned by insiders category among its peers. It also is number one stock in cash and equivalents category among its peers creating about
488,417 of Cash And Equivalents per Shares Owned By Insiders. Comparative valuation analysis is a catch-all model that can be used if you cannot value Algoma Central by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Algoma Central's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Algoma Cash And Equivalents vs. Shares Owned By Insiders
Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Algoma Central | Insiders Shares | = | Executives Shares | + | Employees |
| = | 54.60 % |
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Algoma Central | Cash | = | Bank Deposits | + | Liquidities |
| = | 26.67 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Algoma Cash And Equivalents Comparison
Algoma Central is currently under evaluation in cash and equivalents category among its peers.
Algoma Central Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Algoma Central, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Algoma Central will eventually generate negative long term returns. The profitability progress is the general direction of Algoma Central's change in net profit over the period of time. It can combine
multiple indicators of Algoma Central, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Algoma Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on Algoma Central. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Algoma Central position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Algoma Central's important profitability drivers and their relationship over time.
Use Algoma Central in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algoma Central position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algoma Central will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Algoma Central could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algoma Central when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algoma Central - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algoma Central to buy it.
The correlation of Algoma Central is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algoma Central moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Central moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Algoma Central can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Use Investing Themes to Complement your Algoma Central position
In addition to having Algoma Central in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.
ISP
Internet Service Providers (ISP) companies and IT providers specializing in internet technologies. The ISP theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can
partner with us for reliable portfolio optimization as you plan to utilize
ISP Theme or any other
thematic opportunities.
Other Information on Investing in Algoma Stock
To fully project Algoma Central's
future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the
financial position of Algoma Central at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Algoma Central's income statement, its balance sheet, and the statement of cash flows.
Potential Algoma Central investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Algoma Central investors may work on each financial statement separately, they are all related. The changes in Algoma Central's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Algoma Central's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
