Algoma Central Stock Crosses Above 50 Day Moving Average of 14.94 - MarketBeat
AGMJF Stock | USD 10.75 0.00 0.00% |
Roughly 56% of Algoma Central's investor base is looking to short. The analysis of overall sentiment of trading Algoma Central pink sheet suggests that many investors are alarmed at this time. The current market sentiment, together with Algoma Central's historical and current headlines, can help investors time the market. In addition, many technical investors use Algoma Central stock news signals to limit their universe of possible portfolio assets.
Algoma Central pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Algoma daily returns and investor perception about the current price of Algoma Central as well as its diversification or hedging effects on your existing portfolios.
Algoma |
Algoma Central Stock Crosses Above 50 Day Moving Average of 14.94 MarketBeat
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Algoma Central Fundamental Analysis
We analyze Algoma Central's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algoma Central using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algoma Central 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.
Beta
Beta Comparative Analysis
Algoma Central is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Algoma Central Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Algoma Central pink sheet to make a market-neutral strategy. Peer analysis of Algoma Central could also be used in its relative valuation, which is a method of valuing Algoma Central by comparing valuation metrics with similar companies.
Peers
Algoma Central Related Equities
CICOF | COSCO SHIPPING | 6.54 | ||||
MPZZF | MPC Container | 1.14 | ||||
DMCOF | DAmico International | 0.49 | ||||
AMKBY | AP Moeller | 0.13 | ||||
WSSTF | Western Bulk | 0.00 | ||||
CMHHF | China Merchants | 0.00 | ||||
OROVF | Orient Overseas | 0.00 | ||||
AMKAF | AP Moeller | 0.05 | ||||
MSLOY | Mitsui OSK | 1.13 | ||||
SMHI | SEACOR Marine | 1.17 | ||||
HSHP | Himalaya Shipping | 1.71 | ||||
AMKBF | AP Mller | 2.07 | ||||
HLAGF | Hapag Lloyd | 2.89 | ||||
HPGLY | Hapag Lloyd | 3.76 | ||||
SITIY | SITC International | 9.28 |
Complementary Tools for Algoma Pink Sheet analysis
When running Algoma Central's price analysis, check to measure Algoma Central's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algoma Central is operating at the current time. Most of Algoma Central's value examination focuses on studying past and present price action to predict the probability of Algoma Central's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Central's price. Additionally, you may evaluate how the addition of Algoma Central to your portfolios can decrease your overall portfolio volatility.
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