Algoma Steel Group Stock One Year Return

9ZY Stock   9.50  0.55  6.15%   
ALGOMA STEEL GROUP fundamentals help investors to digest information that contributes to ALGOMA STEEL's financial success or failures. It also enables traders to predict the movement of ALGOMA Stock. The fundamental analysis module provides a way to measure ALGOMA STEEL's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ALGOMA STEEL stock.
  
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ALGOMA STEEL GROUP Company One Year Return Analysis

ALGOMA STEEL's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

More About One Year Return | All Equity Analysis
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Competition

Based on the recorded statements, ALGOMA STEEL GROUP has an One Year Return of 0.0%. This indicator is about the same for the Basic Materials average (which is currently at 0.0) sector and about the same as Steel (which currently averages 0.0) industry. This indicator is about the same for all Germany stocks average (which is currently at 0.0).

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ALGOMA Fundamentals

About ALGOMA STEEL Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ALGOMA STEEL GROUP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ALGOMA STEEL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ALGOMA STEEL GROUP based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Information and Resources on Investing in ALGOMA Stock

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:
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.
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Please note, there is a significant difference between ALGOMA STEEL's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALGOMA STEEL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALGOMA STEEL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.