You can use fundamental analysis to find out if Algoma Central is mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to break down thirty-seven available fundamental indicators for Algoma Central, which can be compared to its peers. The stock experiences a large bullish trend. Check odds of Algoma Central to be traded at C$16.43 in 90 days. Key indicators impacting Algoma Central's financial strength include:
Understanding current and past Algoma Central Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Algoma Central's financial statements are interrelated, with each one affecting the others. For example, an increase in Algoma Central's assets may result in an increase in income on the income statement.
Algoma Central competes with Goodfellow, Leons Furniture, High Liner, Exco Technologies, and Wajax. Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Algoma Central Corporation was founded in 1899 and is headquartered in St. ALGOMA CENTRAL operates under Shipping Ports classification in Canada and is traded on Toronto Stock Exchange. It employs 2000 people.
You should never invest in Algoma Central without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Algoma Stock, because this is throwing your money away. Analyzing the key information contained in Algoma Central's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Algoma Central Key Financial Ratios
Algoma Central's financial ratios allow both analysts and investors to convert raw data from Algoma Central's financial statements into concise, actionable information that can be used to evaluate the performance of Algoma Central over time and compare it to other companies across industries.
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. You can analyze the relationship between different fundamental ratios across Algoma Central competition to find correlations between indicators driving Algoma Central's intrinsic value. More Info.
Algoma Central is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers reporting about 0.30 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Algoma Central is roughly 3.33 . At this time, Algoma Central's Return On Equity is very stable compared to the past year. 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 Central Systematic Risk
Algoma Central's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Algoma Central volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Algoma Central correlated with the market. If Beta is less than 0 Algoma Central generally moves in the opposite direction as compared to the market. If Algoma Central Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Algoma Central is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Algoma Central is generally in the same direction as the market. If Beta > 1 Algoma Central moves generally in the same direction as, but more than the movement of the benchmark.
Algoma Central Total Assets Over Time
Today, most investors in Algoma Central Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Algoma Central's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Algoma Central growth as a starting point in their analysis.
Algoma Central December 13, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Algoma Central help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Algoma Central. We use our internally-developed statistical techniques to arrive at the intrinsic value of Algoma Central based on widely used predictive technical indicators. In general, we focus on analyzing Algoma Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Algoma Central's daily price indicators and compare them against related drivers.
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.