Algoma Steel Correlations
| ASTL Stock | USD 10.67 0.04 0.37% |
The current 90-days correlation between Algoma Steel Group and Paramount Gold Nevada is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algoma Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Steel Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Algoma Steel Correlation With Market
Very weak diversification
The correlation between Algoma Steel Group and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Algoma Steel Group and DJI in the same portfolio, assuming nothing else is changed.
Algoma |
Moving together with Algoma Stock
| 0.65 | RS | Reliance Steel Aluminum | PairCorr |
| 0.73 | WS | Worthington Steel | PairCorr |
| 0.7 | CMC | Commercial Metals | PairCorr |
Moving against Algoma Stock
| 0.75 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.73 | CE | Celanese | PairCorr |
| 0.69 | BAK | Braskem SA Class | PairCorr |
| 0.63 | EGO | Eldorado Gold Corp | PairCorr |
| 0.61 | SA | Seabridge Gold | PairCorr |
| 0.57 | AGI | Alamos Gold | PairCorr |
| 0.56 | AU | AngloGold Ashanti plc | PairCorr |
| 0.49 | HYMCL | Hycroft Mining Holding | PairCorr |
| 0.47 | BTG | B2Gold Corp Aggressive Push | PairCorr |
| 0.43 | HYMCW | Hycroft Mining Holding | PairCorr |
| 0.43 | EQX | Equinox Gold Corp | PairCorr |
| 0.38 | NG | NovaGold Resources | PairCorr |
| 0.82 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.73 | ODV | Osisko Development Corp | PairCorr |
| 0.72 | HUN | Huntsman | PairCorr |
| 0.71 | IDR | Idaho Strategic Resources | PairCorr |
| 0.68 | PKX | POSCO Holdings | PairCorr |
| 0.67 | ERO | Ero Copper Corp | PairCorr |
| 0.61 | PZG | Paramount Gold Nevada | PairCorr |
| 0.56 | PFH | Prudential Financial 4125 | PairCorr |
| 0.43 | SID | Companhia Siderurgica | PairCorr |
| 0.42 | OLN | Olin Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.4 | PRS | Prudential Financial | PairCorr |
| 0.35 | NGD | New Gold | PairCorr |
Related Correlations Analysis
| 0.41 | 0.57 | 0.22 | 0.09 | 0.05 | -0.2 | PZG | ||
| 0.41 | 0.56 | 0.5 | 0.56 | -0.06 | 0.14 | LGDTF | ||
| 0.57 | 0.56 | 0.46 | 0.3 | 0.05 | 0.08 | GLDG | ||
| 0.22 | 0.5 | 0.46 | 0.59 | 0.22 | 0.42 | THM | ||
| 0.09 | 0.56 | 0.3 | 0.59 | 0.03 | 0.26 | AUXXF | ||
| 0.05 | -0.06 | 0.05 | 0.22 | 0.03 | 0.12 | AAUGF | ||
| -0.2 | 0.14 | 0.08 | 0.42 | 0.26 | 0.12 | GAU | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Algoma Stock performing well and Algoma Steel Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Algoma Steel's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PZG | 3.15 | (0.01) | (0.02) | 0.08 | 3.86 | 7.32 | 27.67 | |||
| LGDTF | 3.16 | (0.43) | 0.00 | 3.52 | 0.00 | 4.76 | 18.80 | |||
| GLDG | 1.91 | 0.05 | (0.04) | (0.08) | 1.87 | 4.26 | 12.67 | |||
| THM | 3.84 | (0.19) | 0.00 | (0.03) | 0.00 | 8.00 | 26.29 | |||
| AUXXF | 4.28 | (0.22) | 0.00 | 0.32 | 0.00 | 8.33 | 32.05 | |||
| AAUGF | 21.24 | 4.44 | 0.20 | 0.93 | 17.49 | 72.50 | 340.66 | |||
| GAU | 2.54 | 0.05 | (0.03) | (0.08) | 2.79 | 4.96 | 19.71 |
Algoma Steel Corporate Management
| Michael Garcia | CEO Director | Profile | |
| Rory Brandow | Vice Sales | Profile | |
| Brenda Stenta | Manager Branding | Profile | |
| Rajat Marwah | Chief Officer | Profile | |
| Mike Panzeri | Senior Production | Profile | |
| Michael Moraca | Treasurer Officer | Profile | |
| Loris Molino | VP Services | Profile |