ASTL vs. ASTLW
ASTL (Algoma Steel Group Inc.) and ASTLW (Algoma Steel Group Inc. Warrant) are both stocks. Both operate in the Steel industry within the Basic Materials sector. Over the past 3 years, ASTL returned -13.21%/yr vs -71.82%/yr for ASTLW. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
ASTL vs. ASTLW - Performance Comparison
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Returns By Period
In the year-to-date period, ASTL achieves a 4.63% return, which is significantly higher than ASTLW's -60.00% return.
ASTL
- 1D
- -5.09%
- 1M
- -9.30%
- YTD
- 4.63%
- 6M
- 0.00%
- 1Y
- -36.91%
- 3Y*
- -13.21%
- 5Y*
- —
- 10Y*
- —
ASTLW
- 1D
- -13.04%
- 1M
- 7.14%
- YTD
- -60.00%
- 6M
- -70.30%
- 1Y
- -94.55%
- 3Y*
- -71.82%
- 5Y*
- —
- 10Y*
- —
ASTL vs. ASTLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASTL Algoma Steel Group Inc. | 4.63% | -57.40% | -0.25% | 62.49% | -39.91% | -9.92% |
ASTLW Algoma Steel Group Inc. Warrant | -60.00% | -95.00% | -18.48% | 59.31% | -59.62% | -5.61% |
Correlation
The correlation between ASTL and ASTLW is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021 | 0.54 |
Over the past year, the correlation between ASTL and ASTLW has dropped to 0.32 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
Fundamentals
ASTL:
$450.17M
ASTLW:
$3.15M
ASTL:
-CA$9.17
ASTLW:
-CA$9.17
ASTL:
0.31
ASTLW:
0.00
ASTL:
1.30
ASTLW:
0.01
ASTL:
CA$2.09B
ASTLW:
CA$2.09B
ASTL:
-CA$655.19M
ASTLW:
-CA$655.19M
ASTL:
-CA$442.87M
ASTLW:
-CA$442.87M
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Return for Risk
ASTL vs. ASTLW — Risk / Return Rank
ASTL
ASTLW
ASTL vs. ASTLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algoma Steel Group Inc. (ASTL) and Algoma Steel Group Inc. Warrant (ASTLW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASTL | ASTLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.94 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.99 | +0.32 |
| Martin ratioReturn relative to average drawdown | -1.02 | -1.27 | +0.26 |
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Drawdowns
ASTL vs. ASTLW - Drawdown Comparison
The maximum ASTL drawdown since its inception was -73.16%, smaller than the maximum ASTLW drawdown of -99.37%. Use the drawdown chart below to compare losses from any high point for ASTL and ASTLW.
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Drawdown Indicators
| ASTL | ASTLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.16% | -99.37% | +26.21% |
Max Drawdown (1Y)Largest decline over 1 year | -55.13% | -95.83% | +40.70% |
Max Drawdown (3Y)Largest decline over 3 years | -72.88% | -98.95% | +26.07% |
Current DrawdownCurrent decline from peak | -63.90% | -99.24% | +35.34% |
Average DrawdownAverage peak-to-trough decline | -39.45% | -68.05% | +28.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.27% | 74.10% | -37.83% |
Volatility
ASTL vs. ASTLW - Volatility Comparison
The current volatility for Algoma Steel Group Inc. (ASTL) is 19.81%, while Algoma Steel Group Inc. Warrant (ASTLW) has a volatility of 90.67%. This indicates that ASTL experiences smaller price fluctuations and is considered to be less risky than ASTLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASTL | ASTLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.81% | 90.67% | -70.86% |
Volatility (6M)Calculated over the trailing 6-month period | 48.27% | 154.21% | -105.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.38% | 210.38% | -143.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.74% | 132.72% | -80.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.74% | 132.72% | -80.98% |
Dividends
ASTL vs. ASTLW - Dividend Comparison
Neither ASTL nor ASTLW has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ASTL Algoma Steel Group Inc. | 0.00% | 2.44% | 2.04% | 1.99% | 3.15% |
ASTLW Algoma Steel Group Inc. Warrant | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ASTL vs. ASTLW - Financials Comparison
This section allows you to compare key financial metrics between Algoma Steel Group Inc. and Algoma Steel Group Inc. Warrant. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ASTL vs. ASTLW - Profitability Comparison
ASTL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. reported a gross profit of -384.69M and revenue of 454.63M. Therefore, the gross margin over that period was -84.6%.
ASTLW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. Warrant reported a gross profit of -384.69M and revenue of 454.63M. Therefore, the gross margin over that period was -84.6%.
ASTL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. reported an operating income of -403.57M and revenue of 454.63M, resulting in an operating margin of -88.8%.
ASTLW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. Warrant reported an operating income of -403.57M and revenue of 454.63M, resulting in an operating margin of -88.8%.
ASTL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. reported a net income of -364.40M and revenue of 454.63M, resulting in a net margin of -80.2%.
ASTLW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Algoma Steel Group Inc. Warrant reported a net income of -364.40M and revenue of 454.63M, resulting in a net margin of -80.2%.
Frequently Asked Questions
ASTL and ASTLW have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTLW has higher volatility (90.67%) compared to ASTL (19.81%). In terms of maximum drawdown, ASTL dropped -73.16% vs ASTLW's -99.37%.
ASTLW currently has the higher Sharpe Ratio (-0.45 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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