Astra Market Capitalization from 2010 to 2024
| ASTR Stock | USD 0.64 0.02 3.71% |
Check Astra Space financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Astra main balance sheet or income statement drivers, such as Tax Provision of 0.0, Net Interest Income of 1.1 M or Depreciation And Amortization of 6 M, as well as many exotic indicators such as Price To Sales Ratio of 12.99, Dividend Yield of 0.0 or Days Sales Outstanding of 189. Astra financial statements analysis is a perfect complement when working with Astra Space Valuation or Volatility modules.
Astra | Market Capitalization |
Latest Astra Space's Market Capitalization Growth Pattern
Below is the plot of the Market Cap of Astra Space over the last few years. It is Astra Space's Market Cap historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Astra Space's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 14.1 M | 10 Years Trend |
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Market Cap |
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Astra Market Capitalization Regression Statistics
| Arithmetic Mean | 366,432,736 | |
| Geometric Mean | 281,451,768 | |
| Coefficient Of Variation | 67.26 | |
| Mean Deviation | 119,801,131 | |
| Median | 379,124,848 | |
| Standard Deviation | 246,448,312 | |
| Sample Variance | 60736.8T | |
| Range | 1.1B | |
| R-Value | (0.18) | |
| Mean Square Error | 63393.6T | |
| R-Squared | 0.03 | |
| Significance | 0.53 | |
| Slope | (9,672,782) | |
| Total Sum of Squares | 850314.8T |
Astra Market Capitalization History
About Astra Space Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Astra Space income statement, its balance sheet, and the statement of cash flows. Astra Space investors use historical funamental indicators, such as Astra Space's Market Capitalization, to determine how well the company is positioned to perform in the future. Although Astra Space investors may use each financial statement separately, they are all related. The changes in Astra Space's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Astra Space'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 Astra Space Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Astra Space. Please read more on our technical analysis and fundamental analysis pages.
Astra Space, Inc., a space launch company, designs, tests, manufactures, and operates launch services, and space products and services. The company was founded in 2016 and is headquartered in Alameda, California. Astra Space operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 324 people.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Astra Space in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Astra Space's short interest history, or implied volatility extrapolated from Astra Space options trading.
Pair Trading with Astra Space
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 Astra Space 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 Astra Space will appreciate offsetting losses from the drop in the long position's value.Moving together with Astra Stock
| 0.82 | AZ | A2Z Smart Technologies | PairCorr |
| 0.82 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
Moving against Astra Stock
| 0.89 | ERJ | Embraer SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.88 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.85 | CW | Curtiss Wright Earnings Call Next Week | PairCorr |
| 0.78 | EH | Ehang Holdings | PairCorr |
| 0.75 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to Astra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra Space 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 Astra Space - 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 Astra Space to buy it.
The correlation of Astra Space 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 Astra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astra Space 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 Astra Space 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 Astra Space Correlation against competitors. To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Astra Stock analysis
When running Astra Space's price analysis, check to measure Astra Space'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 Astra Space is operating at the current time. Most of Astra Space's value examination focuses on studying past and present price action to predict the probability of Astra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astra Space's price. Additionally, you may evaluate how the addition of Astra Space to your portfolios can decrease your overall portfolio volatility.
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Is Astra Space'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 Astra Space. If investors know Astra 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 Astra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.28) | Revenue Per Share 0.202 | Quarterly Revenue Growth (0.91) | Return On Assets (0.72) | Return On Equity (51.92) |
The market value of Astra Space is measured differently than its book value, which is the value of Astra that is recorded on the company's balance sheet. Investors also form their own opinion of Astra Space's value that differs from its market value or its book value, called intrinsic value, which is Astra Space'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 Astra Space's market value can be influenced by many factors that don't directly affect Astra Space'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 Astra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Astra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astra Space'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.