Astra Space Stock Forecast - Treynor Ratio
| ASTR Stock | USD 0.61 0.02 3.17% |
Astra Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Astra Space stock prices and determine the direction of Astra Space's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Astra Space's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Astra Space's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Astra Space's systematic risk associated with finding meaningful patterns of Astra Space fundamentals over time.
Check out Historical Fundamental Analysis of Astra Space to cross-verify your projections. Astra |
Open Interest Against 2024-04-19 Astra Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Astra Space's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Astra Space's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Astra Space stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Astra Space's open interest, investors have to compare it to Astra Space's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Astra Space is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Astra. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Astra Space cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Astra Space's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Astra Space's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Astra Space Volatility | Backtest Astra Space | Information Ratio |
Astra Space Trading Date Momentum
| On April 19 2024 Astra Space was traded for 0.61 at the closing time. The top price for the day was 0.64 and the lowest listed price was 0.60 . The trading volume for the day was 91.6 K. The trading history from April 19, 2024 did not affect price variability. The overall trading delta against the current closing price is 3.28% . |
| Compare Astra Space to competition |
Other Forecasting Options for Astra Space
For every potential investor in Astra, whether a beginner or expert, Astra Space's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Astra Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Astra. Basic forecasting techniques help filter out the noise by identifying Astra Space's price trends.Astra Space Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Astra Space stock to make a market-neutral strategy. Peer analysis of Astra Space could also be used in its relative valuation, which is a method of valuing Astra Space by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Astra Space Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Astra Space's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Astra Space's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Astra Space Market Strength Events
Market strength indicators help investors to evaluate how Astra Space stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Astra Space shares will generate the highest return on investment. By undertsting and applying Astra Space stock market strength indicators, traders can identify Astra Space entry and exit signals to maximize returns.
| Accumulation Distribution | 5723.25 | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 0.62 | |||
| Day Typical Price | 0.62 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.02) |
Astra Space Risk Indicators
The analysis of Astra Space's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Astra Space's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting astra stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 5.67 | |||
| Standard Deviation | 8.67 | |||
| Variance | 75.14 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Earnings Call This Week | PairCorr |
Moving against Astra Stock
| 0.89 | ERJ | Embraer SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.87 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.83 | CW | Curtiss Wright Financial Report 1st of May 2024 | PairCorr |
| 0.77 | EH | Ehang Holdings | PairCorr |
| 0.7 | GD | General Dynamics Earnings Call This Week | 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 Historical Fundamental Analysis of Astra Space to cross-verify your projections. To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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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| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |
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 (7.35) | Revenue Per Share 0.053 | Quarterly Revenue Growth (0.91) | Return On Assets (0.68) | Return On Equity (2.18) |
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.