Aspen Aerogels Stock Piotroski F Score

ASPN Stock  USD 17.60  0.25  1.44%   
This module uses fundamental data of Aspen Aerogels to approximate its Piotroski F score. Aspen Aerogels F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Aspen Aerogels. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Aspen Aerogels financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Aspen Aerogels Altman Z Score, Aspen Aerogels Correlation, Aspen Aerogels Valuation, as well as analyze Aspen Aerogels Alpha and Beta and Aspen Aerogels Hype Analysis.
To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.
  
At this time, Aspen Aerogels' Total Debt To Capitalization is very stable compared to the past year. As of the 28th of March 2024, Debt Equity Ratio is likely to grow to 0.25, while Net Debt is likely to drop (1.3 M). At this time, Aspen Aerogels' Total Debt To Capitalization is very stable compared to the past year. As of the 28th of March 2024, Debt Equity Ratio is likely to grow to 0.25, though Short Term Coverage Ratios is likely to grow to (21.60).
At this time, it appears that Aspen Aerogels' Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
3.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

Increase

Focus

Aspen Aerogels Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Aspen Aerogels is to make sure Aspen is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Aspen Aerogels' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Aspen Aerogels' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.610.3395
Way Up
Very volatile
Total Current Liabilities82 M78.1 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total143.7 M136.9 M
Sufficiently Up
Pretty Stable
Total Assets738.2 M703 M
Sufficiently Up
Slightly volatile
Total Current Assets279.6 M266.3 M
Sufficiently Up
Slightly volatile

Aspen Aerogels F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Aspen Aerogels' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Aspen Aerogels in a much-optimized way.

About Aspen Aerogels Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Price Book Value Ratio

3.51

At this time, Aspen Aerogels' Price Book Value Ratio is very stable compared to the past year.

About Aspen Aerogels Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Aspen Aerogels's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aspen Aerogels using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aspen Aerogels based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company was founded in 2001 and is headquartered in Northborough, Massachusetts. Aspen Aerogels operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. It employs 418 people.

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.
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.
Pair CorrelationCorrelation Matching
When determining whether Aspen Aerogels offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aspen Aerogels' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aspen Aerogels Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aspen Aerogels Stock:
Check out Aspen Aerogels Altman Z Score, Aspen Aerogels Correlation, Aspen Aerogels Valuation, as well as analyze Aspen Aerogels Alpha and Beta and Aspen Aerogels Hype Analysis.
To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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.
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
CEOs Directory
Screen CEOs from public companies around the world
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
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.