Astronova Stock Alpha and Beta Analysis
| ALOT Stock | USD 17.69 0.09 0.51% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as AstroNova. It also helps investors analyze the systematic and unsystematic risks associated with investing in AstroNova over a specified time horizon. Remember, high AstroNova's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to AstroNova's market risk premium analysis include:
Beta 0.15 | Alpha (0.04) | Risk 1.43 | Sharpe Ratio 0.014 | Expected Return 0.0201 |
Enterprise Value |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
AstroNova |
AstroNova Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. AstroNova market risk premium is the additional return an investor will receive from holding AstroNova long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in AstroNova. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate AstroNova's performance over market.| α | -0.04 | β | 0.15 |
AstroNova expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of AstroNova's Buy-and-hold return. Our buy-and-hold chart shows how AstroNova performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.AstroNova Market Price Analysis
Market price analysis indicators help investors to evaluate how AstroNova stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AstroNova shares will generate the highest return on investment. By understating and applying AstroNova stock market price indicators, traders can identify AstroNova position entry and exit signals to maximize returns.
AstroNova Return and Market Media
The median price of AstroNova for the period between Thu, Feb 8, 2024 and Wed, May 8, 2024 is 17.49 with a coefficient of variation of 1.89. The daily time series for the period is distributed with a sample standard deviation of 0.33, arithmetic mean of 17.46, and mean deviation of 0.25. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | AstroNova, Inc. Short Interest Update - MarketBeat | 02/13/2024 |
2 | Exercise or conversion by Gregory Woods of 7603 shares of AstroNova subject to Rule 16b-3 | 02/29/2024 |
3 | Disposition of 4600 shares by Stephen Petrarca of AstroNova at 14.2 subject to Rule 16b-3 | 03/12/2024 |
4 | Acquisition by Richard Warzala of 5293 shares of AstroNova subject to Rule 16b-3 | 03/20/2024 |
5 | Acquisition by Richard Warzala of 980 shares of AstroNova subject to Rule 16b-3 | 03/21/2024 |
6 | AstroNova Inc Posts Record Operating Income in Fiscal 2024 | 03/22/2024 |
7 | Disposition of 5000 shares by Stephen Petrarca of AstroNova at 17.79 subject to Rule 16b-3 | 03/27/2024 |
8 | AstroNova Stock Passes Above 200 Day Moving Average of 15.51 - Defense World | 04/05/2024 |
9 | Disposition of 781 shares by Michael Natalizia of AstroNova subject to Rule 16b-3 | 04/08/2024 |
10 | Disposition of 211 shares by Carll Thomas Wayne of AstroNova subject to Rule 16b-3 | 04/17/2024 |
11 | Disposition of 558 shares by Carll Thomas Wayne of AstroNova subject to Rule 16b-3 | 04/18/2024 |
12 | Disposition of 664 shares by David Smith of AstroNova at 16.87 subject to Rule 16b-3 | 04/19/2024 |
13 | Disposition of 2704 shares by David Smith of AstroNova subject to Rule 16b-3 | 04/22/2024 |
14 | Acquisition by Michael Natalizia of 237 shares of AstroNova at 13.69 subject to Rule 16b-3 | 04/26/2024 |
About AstroNova Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including AstroNova or other stocks. Alpha measures the amount that position in AstroNova has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2020 | 2023 (projected) | Dividend Yield | 0.00649 | 0.005841 | Price To Sales Ratio | 0.66 | 0.88 |
AstroNova Upcoming Company Events
As portrayed in its financial statements, the presentation of AstroNova's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, AstroNova's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of AstroNova's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of AstroNova. Please utilize our Beneish M Score to check the likelihood of AstroNova's management manipulating its earnings.
| 28th of March 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
Build Portfolio with AstroNova
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out AstroNova Backtesting, AstroNova Valuation, AstroNova Correlation, AstroNova Hype Analysis, AstroNova Volatility, AstroNova History and analyze AstroNova Performance. For more information on how to buy AstroNova Stock please use our How to Invest in AstroNova guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |
AstroNova 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.