Astec Industries Stock Alpha and Beta Analysis

ASTE Stock  USD 40.01  0.63  1.55%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Astec Industries. It also helps investors analyze the systematic and unsystematic risks associated with investing in Astec Industries over a specified time horizon. Remember, high Astec Industries' 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 Astec Industries' market risk premium analysis include:
Beta
2.17
Alpha
0.0151
Risk
2.14
Sharpe Ratio
0.0679
Expected Return
0.15
Please note that although Astec Industries alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Astec Industries did 0.02  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Astec Industries stock's relative risk over its benchmark. Astec Industries has a beta of 2.17  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Astec Industries will likely underperform. The current year's Price Book Value Ratio is expected to grow to 2.01. The current year's Enterprise Value Multiple is expected to grow to 17.00.
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.
  
Check out Astec Industries Backtesting, Astec Industries Valuation, Astec Industries Correlation, Astec Industries Hype Analysis, Astec Industries Volatility, Astec Industries History and analyze Astec Industries Performance.
For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.

Astec Industries Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Astec Industries market risk premium is the additional return an investor will receive from holding Astec Industries 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 Astec Industries. 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 Astec Industries' performance over market.
α0.02   β2.17

Astec Industries 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 Astec Industries' Buy-and-hold return. Our buy-and-hold chart shows how Astec Industries performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Astec Industries Market Price Analysis

Market price analysis indicators help investors to evaluate how Astec Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Astec Industries shares will generate the highest return on investment. By understating and applying Astec Industries stock market price indicators, traders can identify Astec Industries position entry and exit signals to maximize returns.

Astec Industries Return and Market Media

The median price of Astec Industries for the period between Wed, Dec 20, 2023 and Tue, Mar 19, 2024 is 35.77 with a coefficient of variation of 6.58. The daily time series for the period is distributed with a sample standard deviation of 2.4, arithmetic mean of 36.54, and mean deviation of 1.98. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Analysts Issue Forecasts for Astec Industries, Inc.s Q2 2024 Earnings - MarketBeat
12/21/2023
2
Disposition of 1886 shares by Jaco Merwe of Astec Industries at 35.38 subject to Rule 16b-3
02/27/2024
3
Astec Reports Fourth Quarter and Full Year 2023 Results
02/28/2024
4
Astec Industries, Inc. Q4 2023 Earnings Call Transcript
02/29/2024
5
Why Astec Industries is a Top Momentum Stock for the Long-Term
03/04/2024
6
Zacks Industry Outlook Highlights Caterpillar, Komatsu, HE Equipment Services and Astec Industries
03/06/2024
7
Astec Announces Chief Financial Officer Transition
03/07/2024
8
Is Astec Industries Stock a Solid Choice Right Now
03/11/2024
9
Astec LifeSciences Limited Stocks Shoot Up 30 percent But Its PS Still Looks Reasonable
03/15/2024

About Astec Industries 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 Astec or other stocks. Alpha measures the amount that position in Astec Industries 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.
 2021 2022 2024 (projected)
Dividend Yield0.0064160.01210.0132
Price To Sales Ratio1.450.730.58

Astec Industries Upcoming Company Events

As portrayed in its financial statements, the presentation of Astec Industries' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Astec Industries' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Astec Industries' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Astec Industries. Please utilize our Beneish M Score to check the likelihood of Astec Industries' management manipulating its earnings.
6th of March 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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When determining whether Astec Industries is a strong investment it is important to analyze Astec Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Astec Industries' future performance. For an informed investment choice regarding Astec Stock, refer to the following important reports:

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When running Astec Industries' price analysis, check to measure Astec Industries' 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 Astec Industries is operating at the current time. Most of Astec Industries' value examination focuses on studying past and present price action to predict the probability of Astec Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astec Industries' price. Additionally, you may evaluate how the addition of Astec Industries to your portfolios can decrease your overall portfolio volatility.
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Astec Industries 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.
A focus of Astec Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Astec Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...