Algoma Central Stock Number Of Shares Shorted
| ALC Stock | CAD 15.82 0.51 3.12% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Algoma Central's long-term financial health and intrinsic value.
Algoma |
Algoma Central Company Number Of Shares Shorted Analysis
Algoma Central's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Algoma Central Number Of Shares Shorted | 6.65 K |
Most of Algoma Central's fundamental indicators, such as Number Of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Algoma Central is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Algoma Central has 6.65 K of outstending shares currently sold short by investors. This is 99.79% lower than that of the Marine Transportation sector and 99.62% lower than that of the Industrials industry. The number of shares shorted for all Canada stocks is 99.86% higher than that of the company.
Algoma Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Algoma Central's direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.Algoma Central is currently under evaluation in number of shares shorted category among its peers.
Algoma Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.0273 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | (0.33) % | ||||
| Current Valuation | 1.23 B | ||||
| Shares Outstanding | 40.57 M | ||||
| Shares Owned By Insiders | 54.60 % | ||||
| Shares Owned By Institutions | 7.42 % | ||||
| Number Of Shares Shorted | 6.65 K | ||||
| Price To Earning | 11.51 X | ||||
| Price To Book | 0.76 X | ||||
| Price To Sales | 0.94 X | ||||
| Revenue | 703.44 M | ||||
| Gross Profit | 179.08 M | ||||
| EBITDA | 140.68 M | ||||
| Net Income | 91.64 M | ||||
| Cash And Equivalents | 26.67 M | ||||
| Cash Per Share | 0.70 X | ||||
| Total Debt | 78.32 M | ||||
| Debt To Equity | 64.20 % | ||||
| Current Ratio | 0.61 X | ||||
| Book Value Per Share | 21.61 X | ||||
| Cash Flow From Operations | 155.39 M | ||||
| Short Ratio | 2.65 X | ||||
| Earnings Per Share | 2.16 X | ||||
| Target Price | 19.0 | ||||
| Number Of Employees | 1.6 K | ||||
| Beta | 0.37 | ||||
| Market Capitalization | 662.47 M | ||||
| Total Asset | 1.52 B | ||||
| Retained Earnings | 833.43 M | ||||
| Working Capital | (50.34 M) | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 2.29 % | ||||
| Net Asset | 1.52 B | ||||
| Last Dividend Paid | 0.77 |
About Algoma Central Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors 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.
Please read more on our fundamental analysis page.
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.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.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.