AstroNova Other Stockholder Equity from 2010 to 2024
| ALOT Stock | USD 17.61 0.36 2.09% |
Other Stockholder Equity | First Reported 1986-01-31 | Previous Quarter 27.8 M | Current Value 28.1 M | Quarterly Volatility 10 M |
Check AstroNova financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AstroNova main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.5 M, Interest Expense of 2.8 M or Selling General Administrative of 8.4 M, as well as many exotic indicators such as Price To Sales Ratio of 1.19, Dividend Yield of 0.0055 or PTB Ratio of 1.64. AstroNova financial statements analysis is a perfect complement when working with AstroNova Valuation or Volatility modules.
AstroNova | Other Stockholder Equity |
Latest AstroNova's Other Stockholder Equity Growth Pattern
Below is the plot of the Other Stockholder Equity of AstroNova over the last few years. It is AstroNova's Other Stockholder Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AstroNova's overall financial position and show how it may be relating to other accounts over time.
| Other Stockholder Equity | 10 Years Trend |
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Other Stockholder Equity |
| Timeline |
AstroNova Other Stockholder Equity Regression Statistics
| Arithmetic Mean | 23,230,199 | |
| Geometric Mean | 21,902,355 | |
| Coefficient Of Variation | 26.07 | |
| Mean Deviation | 4,290,188 | |
| Median | 25,653,000 | |
| Standard Deviation | 6,055,467 | |
| Sample Variance | 36.7T | |
| Range | 23.5M | |
| R-Value | 0.18 | |
| Mean Square Error | 38.1T | |
| R-Squared | 0.03 | |
| Significance | 0.51 | |
| Slope | 249,431 | |
| Total Sum of Squares | 513.4T |
AstroNova Other Stockholder Equity History
About AstroNova Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include AstroNova income statement, its balance sheet, and the statement of cash flows. AstroNova investors use historical funamental indicators, such as AstroNova's Other Stockholder Equity, to determine how well the company is positioned to perform in the future. Although AstroNova investors may use each financial statement separately, they are all related. The changes in AstroNova's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AstroNova's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on AstroNova Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AstroNova. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Stockholder Equity | 28.1 M | 17.8 M |
Pair Trading with AstroNova
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 AstroNova 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 AstroNova will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AstroNova could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AstroNova 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 AstroNova - 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 AstroNova to buy it.
The correlation of AstroNova 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 AstroNova moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AstroNova 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 AstroNova 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.Check out the analysis of AstroNova Correlation against competitors. For more information on how to buy AstroNova Stock please use our How to Invest in AstroNova guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for AstroNova Stock analysis
When running AstroNova's price analysis, check to measure AstroNova'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 AstroNova is operating at the current time. Most of AstroNova's value examination focuses on studying past and present price action to predict the probability of AstroNova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AstroNova's price. Additionally, you may evaluate how the addition of AstroNova to your portfolios can decrease your overall portfolio volatility.
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Is AstroNova's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AstroNova. If investors know AstroNova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AstroNova listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.995 | Earnings Share 0.63 | Revenue Per Share 19.971 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0522 |
The market value of AstroNova is measured differently than its book value, which is the value of AstroNova that is recorded on the company's balance sheet. Investors also form their own opinion of AstroNova's value that differs from its market value or its book value, called intrinsic value, which is AstroNova's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AstroNova's market value can be influenced by many factors that don't directly affect AstroNova's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AstroNova's value and its price as these two are different measures arrived at by different means. Investors typically determine if AstroNova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AstroNova'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.