Aspen Aerogels Stock Market Value
| ASPN Stock | USD 16.64 0.01 0.06% |
| Symbol | Aspen |
Aspen Aerogels Price To Book Ratio
Is Aspen Aerogels' 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 Aspen Aerogels. If investors know Aspen 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 Aspen Aerogels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.66) | Revenue Per Share 3.438 | Quarterly Revenue Growth 0.413 | Return On Assets (0.05) | Return On Equity (0.1) |
The market value of Aspen Aerogels is measured differently than its book value, which is the value of Aspen that is recorded on the company's balance sheet. Investors also form their own opinion of Aspen Aerogels' value that differs from its market value or its book value, called intrinsic value, which is Aspen Aerogels' 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 Aspen Aerogels' market value can be influenced by many factors that don't directly affect Aspen Aerogels' 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 Aspen Aerogels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Aerogels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Aerogels' 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.
Aspen Aerogels 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Aspen Aerogels' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Aspen Aerogels.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Aspen Aerogels on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Aspen Aerogels or generate 0.0% return on investment in Aspen Aerogels over 360 days. Aspen Aerogels is related to or competes with Apyx Medical, Century Communities, Ardmore Shpng, American Assets, and ASGN. Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the ene... More
Aspen Aerogels Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aspen Aerogels' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Aspen Aerogels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.1104 | |||
| Maximum Drawdown | 34.57 | |||
| Value At Risk | (4.93) | |||
| Potential Upside | 7.5 |
Aspen Aerogels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aspen Aerogels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aspen Aerogels' standard deviation. In reality, there are many statistical measures that can use Aspen Aerogels historical prices to predict the future Aspen Aerogels' volatility.| Risk Adjusted Performance | 0.0905 | |||
| Jensen Alpha | 0.3591 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1213 | |||
| Treynor Ratio | 0.2189 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aspen Aerogels' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aspen Aerogels Backtested Returns
Aspen Aerogels appears to be somewhat reliable, given 3 months investment horizon. Aspen Aerogels secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Aspen Aerogels' technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please makes use of Aspen Aerogels' Risk Adjusted Performance of 0.0905, downside deviation of 4.15, and Mean Deviation of 2.72 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aspen Aerogels holds a performance score of 10. The firm shows a Beta (market volatility) of 2.69, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aspen Aerogels will likely underperform. Please check Aspen Aerogels' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Aspen Aerogels' price patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Aspen Aerogels has weak reverse predictability. Overlapping area represents the amount of predictability between Aspen Aerogels time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aspen Aerogels price movement. The serial correlation of -0.23 indicates that over 23.0% of current Aspen Aerogels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 7.98 |
Aspen Aerogels lagged returns against current returns
Autocorrelation, which is Aspen Aerogels stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Aspen Aerogels' stock expected returns. We can calculate the autocorrelation of Aspen Aerogels returns to help us make a trade decision. For example, suppose you find that Aspen Aerogels has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aspen Aerogels regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Aspen Aerogels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aspen Aerogels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aspen Aerogels stock over time.
Current vs Lagged Prices |
| Timeline |
Aspen Aerogels Lagged Returns
When evaluating Aspen Aerogels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aspen Aerogels stock have on its future price. Aspen Aerogels autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Aspen Aerogels autocorrelation shows the relationship between Aspen Aerogels stock current value and its past values and can show if there is a momentum factor associated with investing in Aspen Aerogels.
Regressed Prices |
| Timeline |
Pair Trading with Aspen Aerogels
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 Aspen Aerogels 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 Aspen Aerogels will appreciate offsetting losses from the drop in the long position's value.Moving together with Aspen Stock
| 0.68 | NX | Quanex Building Products Financial Report 6th of June 2024 | PairCorr |
| 0.69 | TT | Trane Technologies plc Earnings Call This Week | PairCorr |
| 0.87 | DOOR | Masonite International Financial Report 13th of May 2024 | PairCorr |
Moving against Aspen Stock
| 0.44 | ROCK | Gibraltar Industries Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Aspen Aerogels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen Aerogels 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 Aspen Aerogels - 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 Aspen Aerogels to buy it.
The correlation of Aspen Aerogels 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 Aspen Aerogels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Aerogels 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 Aspen Aerogels 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 Aspen Aerogels Correlation, Aspen Aerogels Volatility and Aspen Aerogels Alpha and Beta module to complement your research on Aspen Aerogels. To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Aspen Stock analysis
When running Aspen Aerogels' price analysis, check to measure Aspen Aerogels' 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 Aspen Aerogels is operating at the current time. Most of Aspen Aerogels' value examination focuses on studying past and present price action to predict the probability of Aspen Aerogels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aspen Aerogels' price. Additionally, you may evaluate how the addition of Aspen Aerogels to your portfolios can decrease your overall portfolio volatility.
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Aspen Aerogels technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.