Algoma Steel Group Stock Price on December 4, 2024
| ASTL Stock | 14.04 0.25 1.81% |
If you're considering investing in Algoma Stock, it is important to understand the factors that can impact its price. As of today, the current price of Algoma Steel stands at 14.04, as last reported on the 26th of December, with the highest price reaching 14.09 and the lowest price hitting 13.79 during the day. As of now, Algoma Stock is not too volatile. Algoma Steel Group secures Sharpe Ratio (or Efficiency) of 0.0184, which signifies that the company had a 0.0184% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Algoma Steel Group, which you can use to evaluate the volatility of the firm. Please confirm Algoma Steel's mean deviation of 1.53, and Risk Adjusted Performance of 0.0449 to double-check if the risk estimate we provide is consistent with the expected return of 0.0402%.
At this time, Algoma Steel's Total Stockholder Equity is very stable compared to the past year. As of the 26th of December 2024, Common Stock Shares Outstanding is likely to grow to about 219.2 M, while Liabilities And Stockholders Equity is likely to drop about 2.3 B. . At this time, Algoma Steel's Price Earnings Ratio is very stable compared to the past year. As of the 26th of December 2024, Price Book Value Ratio is likely to grow to 1.23, while Price To Sales Ratio is likely to drop 0.60. Algoma Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Algoma |
Sharpe Ratio = 0.0184
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| Negative Returns | ASTL |
Estimated Market Risk
| 2.19 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Algoma Steel is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Algoma Steel by adding it to a well-diversified portfolio.
Price Book 1.037 | Enterprise Value Ebitda 118.2536 | Price Sales 0.5896 | Shares Float 83.4 M | Dividend Share 0.236 |
Algoma Steel Valuation on December 4, 2024
It is possible to determine the worth of Algoma Steel on a given historical date. On December 4, 2024 Algoma was worth 14.99 at the beginning of the trading date compared to the closed value of 14.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Algoma Steel stock. Still, in general, we apply an absolute valuation method to find Algoma Steel's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Algoma Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Algoma Steel's related companies.
| Open | High | Low | Close | Volume | |
| 14.95 | 15.04 | 14.86 | 14.94 | 112,631 | |
12/04/2024 | 14.99 | 15.05 | 14.54 | 14.54 | 64,479 |
| 14.51 | 14.58 | 14.28 | 14.33 | 52,632 |
| Backtest Algoma Steel | | | Algoma Steel History | | | Algoma Steel Valuation | Previous | Next |
Algoma Steel Trading Date Momentum on December 4, 2024
| On December 05 2024 Algoma Steel Group was traded for 14.33 at the closing time. The highest price during the trading period was 14.58 and the lowest recorded bid was listed for 14.28 . The volume for the day was 52.6 K. This history from December 5, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.44% . The overall trading delta to the current price is 0.69% . |
Algoma Steel Group Fundamentals Correlations and Trends
By evaluating Algoma Steel's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Algoma Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Algoma financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Algoma Steel Stock history
Algoma Steel investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Algoma is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Algoma Steel Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Algoma Steel stock prices may prove useful in developing a viable investing in Algoma Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 133 M | 219.2 M | |
| Net Income Applicable To Common Shares | 343.3 M | 360.4 M |
Algoma Steel Quarterly Net Working Capital |
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Algoma Steel Stock Technical Analysis
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.
Price Boundaries
Algoma Steel Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Algoma Steel Group cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Algoma Steel December 26, 2024 Market Strength
Market strength 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 undertsting and applying Algoma Steel stock market strength indicators, traders can identify Algoma Steel Group entry and exit signals to maximize returns
Algoma Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Algoma Steel's price direction in advance. Along with the technical and fundamental analysis of Algoma Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Algoma to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0449 | |||
| Jensen Alpha | 0.0786 | |||
| Total Risk Alpha | 4.0E-4 | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | 0.2005 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.