Shareholders Cant Ignore CA2.7m Of Sales By Algoma Steel Group Insiders - simplywall.st
| ASTL Stock | 6.84 0.25 3.53% |
About 62% of Algoma Steel's investor base is looking to short. The analysis of current outlook of investing in Algoma Steel Group suggests that many traders are alarmed regarding Algoma Steel's prospects. Algoma Steel's investing sentiment overview a quick insight into current market opportunities from investing in Algoma Steel Group. Many technical investors use Algoma Steel Group stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Shareholders Cant Ignore CA2.7m Of Sales By Algoma Steel Group Insiders simplywall.st
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Algoma Steel Fundamental Analysis
We analyze Algoma Steel'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 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 Steel 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 Steel Group 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 Steel stock to make a market-neutral strategy. Peer analysis of Algoma Steel could also be used in its relative valuation, which is a method of valuing Algoma Steel by comparing valuation metrics with similar companies.
Peers
Algoma Steel Related Equities
| ERO | Ero Copper | 3.67 | ||||
| WFG | West Fraser | 2.65 | ||||
| LIF | Labrador Iron | 1.66 | ||||
| TSL | Tree Island | 1.21 | ||||
| CIA | Champion Iron | 0.27 | ||||
| ASTL | Algoma Steel | 1.00 |
Check out Algoma Steel Hype Analysis, Algoma Steel Correlation and Algoma Steel Performance. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.