Algoma Steel Group Stock Alpha and Beta Analysis

ASTL Stock  USD 6.55  0.31  4.97%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Algoma Steel Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Algoma Steel over a specified time horizon. Remember, high Algoma Steel's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Algoma Steel's market risk premium analysis include:
Beta
1.2
Alpha
(0.53)
Risk
3.38
Sharpe Ratio
(0.17)
Expected Return
(0.58)
Please note that although Algoma Steel alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Algoma Steel did 0.53  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Algoma Steel Group stock's relative risk over its benchmark. Algoma Steel Group has a beta of 1.20  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Algoma Steel will likely underperform. At this time, Algoma Steel's Book Value Per Share is quite stable compared to the past year. Tangible Book Value Per Share is expected to rise to 9.44 this year, although Enterprise Value Over EBITDA will most likely fall to 5.18.

Enterprise Value

3.45 Billion

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Algoma Steel Backtesting, Algoma Steel Valuation, Algoma Steel Correlation, Algoma Steel Hype Analysis, Algoma Steel Volatility, Algoma Steel History and analyze Algoma Steel Performance.

Algoma Steel Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Algoma Steel market risk premium is the additional return an investor will receive from holding Algoma Steel long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Algoma Steel. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Algoma Steel's performance over market.
α-0.53   β1.20

Algoma Steel expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Algoma Steel's Buy-and-hold return. Our buy-and-hold chart shows how Algoma Steel performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Algoma Steel Market Price Analysis

Market price analysis indicators help investors to evaluate how Algoma Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Algoma Steel shares will generate the highest return on investment. By understating and applying Algoma Steel stock market price indicators, traders can identify Algoma Steel position entry and exit signals to maximize returns.

Algoma Steel Return and Market Media

The median price of Algoma Steel for the period between Sun, Dec 15, 2024 and Sat, Mar 15, 2025 is 8.4 with a coefficient of variation of 14.23. The daily time series for the period is distributed with a sample standard deviation of 1.2, arithmetic mean of 8.4, and mean deviation of 0.91. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
 
Algoma Steel dividend paid on 27th of December 2024
12/27/2024
1
ASTL - Algoma Steel Group Inc. Common Shares Latest Stock News Market Updates - StockTitan
01/02/2025
2
Heres Why Algoma Steel Group Can Afford Some Debt
01/06/2025
3
Donald Smith Cos Strategic Acquisition in Algoma Steel Group Inc
02/13/2025
4
Algoma Steel Group to Release Earnings on Tuesday
02/24/2025
5
Algoma Steel Group Insiders Sell CA2.9m Of Stock, Possibly Signalling Caution
03/04/2025
6
Why Investors Shouldnt Be Surprised By Algoma Steel Group Inc.s 34 percent Share Price Plunge
03/11/2025
7
Trumps Steel Tariffs Strike Again--Algoma Steels Survival Play Stuns Investors
03/13/2025

About Algoma Steel Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Algoma or other stocks. Alpha measures the amount that position in Algoma Steel Group has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2022 2023 2024 2025 (projected)
Dividend Yield0.02290.01590.01430.0115
Price To Sales Ratio0.480.630.720.69

Algoma Steel Upcoming Company Events

As portrayed in its financial statements, the presentation of Algoma Steel's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Algoma Steel's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Algoma Steel's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Algoma Steel. Please utilize our Beneish M Score to check the likelihood of Algoma Steel's management manipulating its earnings.
6th of February 2024
Upcoming Quarterly Report
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19th of June 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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19th of June 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
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31st of March 2023
Last Financial Announcement
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When determining whether Algoma Steel Group is a strong investment it is important to analyze Algoma Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Algoma Steel's future performance. For an informed investment choice regarding Algoma Stock, refer to the following important reports:
Algoma Steel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Algoma Steel technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Algoma Steel trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...