Algoma Total Cash From Operating Activities from 2010 to 2024

ALC Stock  CAD 14.94  0.19  1.29%   
Algoma Central Total Cash From Operating Activities yearly trend continues to be very stable with very little volatility. Total Cash From Operating Activities is likely to drop to about 85.8 M. During the period from 2010 to 2024, Algoma Central Total Cash From Operating Activities quarterly data regression pattern had sample variance of 1353.4 T and median of  103,844,000. View All Fundamentals
 
Total Cash From Operating Activities  
First Reported
1997-03-31
Previous Quarter
34.7 M
Current Value
55.1 M
Quarterly Volatility
22.8 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Algoma Central financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Algoma Central's main balance sheet or income statement drivers, such as Depreciation And Amortization of 36.3 M, Interest Expense of 19.8 M or Selling General Administrative of 26.9 M, as well as many indicators such as Price To Sales Ratio of 0.7, Dividend Yield of 0.14 or PTB Ratio of 1.02. Algoma financial statements analysis is a perfect complement when working with Algoma Central Valuation or Volatility modules.
  
This module can also supplement various Algoma Central Technical models . Check out the analysis of Algoma Central Correlation against competitors.

Pair Trading with Algoma Central

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.

Moving against Algoma Stock

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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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Algoma Stock

Algoma Central financial ratios help investors to determine whether Algoma Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Algoma with respect to the benefits of owning Algoma Central security.