Astra Income Tax Expense vs Free Cash Flow Analysis

ASTR Stock  USD 0.68  0.04  6.25%   
Astra Space financial indicator trend analysis is way more than just evaluating Astra Space prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astra Space is a good investment. Please check the relationship between Astra Space Income Tax Expense and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Space. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.

Income Tax Expense vs Free Cash Flow

Income Tax Expense vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astra Space Income Tax Expense account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.
The correlation between Astra Space's Income Tax Expense and Free Cash Flow is -0.8. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Astra Space, assuming nothing else is changed. The correlation between historical values of Astra Space's Income Tax Expense and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Astra Space are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Income Tax Expense i.e., Astra Space's Income Tax Expense and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Income Tax Expense

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Astra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astra Space current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Space. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.As of 03/29/2024, Tax Provision is likely to grow to 0.00, while Selling General Administrative is likely to drop slightly above 62.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense1.2M1.7M1.6M1.9M
Depreciation And Amortization133.8M310.7M357.3M375.1M

Astra Space fundamental ratios Correlations

0.850.190.53-0.94-0.241.0-1.00.60.540.61-0.880.660.61-0.781.0-0.360.20.520.92-0.780.6-0.780.77-0.85-0.78
0.850.260.72-0.86-0.190.81-0.860.580.490.55-0.830.60.53-0.490.84-0.380.250.450.82-0.490.54-0.490.66-0.79-0.49
0.190.260.72-0.460.890.13-0.220.90.920.89-0.60.860.880.010.16-0.981.00.920.540.010.890.010.0-0.670.01
0.530.720.72-0.680.380.45-0.540.790.770.8-0.720.80.8-0.350.51-0.750.70.790.71-0.350.8-0.350.3-0.75-0.35
-0.94-0.86-0.46-0.68-0.04-0.920.96-0.8-0.74-0.80.98-0.84-0.780.6-0.930.62-0.48-0.72-0.990.6-0.790.6-0.620.970.6
-0.24-0.190.890.38-0.04-0.280.210.630.680.61-0.210.570.610.31-0.26-0.810.890.690.140.310.620.31-0.31-0.290.31
1.00.810.130.45-0.92-0.28-0.990.550.50.57-0.850.610.56-0.791.0-0.310.150.470.9-0.790.56-0.790.79-0.81-0.79
-1.0-0.86-0.22-0.540.960.21-0.99-0.63-0.56-0.630.91-0.68-0.620.72-0.990.4-0.24-0.54-0.940.72-0.620.72-0.730.870.72
0.60.580.90.79-0.80.630.55-0.630.990.99-0.891.00.99-0.330.58-0.960.910.980.85-0.330.99-0.330.34-0.92-0.33
0.540.490.920.77-0.740.680.5-0.560.990.99-0.840.990.99-0.330.52-0.970.930.990.81-0.330.99-0.330.32-0.88-0.33
0.610.550.890.8-0.80.610.57-0.630.990.99-0.871.01.0-0.40.59-0.950.890.990.86-0.41.0-0.40.35-0.92-0.4
-0.88-0.83-0.6-0.720.98-0.21-0.850.91-0.89-0.84-0.87-0.91-0.860.53-0.870.73-0.61-0.81-0.990.53-0.870.53-0.591.00.53
0.660.60.860.8-0.840.570.61-0.681.00.991.0-0.910.99-0.40.64-0.940.870.980.89-0.41.0-0.40.37-0.94-0.4
0.610.530.880.8-0.780.610.56-0.620.990.991.0-0.860.99-0.420.59-0.950.890.990.85-0.421.0-0.420.37-0.91-0.42
-0.78-0.490.01-0.350.60.31-0.790.72-0.33-0.33-0.40.53-0.4-0.42-0.790.120.0-0.36-0.611.0-0.391.0-0.80.511.0
1.00.840.160.51-0.93-0.261.0-0.990.580.520.59-0.870.640.59-0.79-0.340.180.50.91-0.790.58-0.790.78-0.83-0.79
-0.36-0.38-0.98-0.750.62-0.81-0.310.4-0.96-0.97-0.950.73-0.94-0.950.12-0.34-0.99-0.97-0.690.12-0.960.12-0.120.790.12
0.20.251.00.7-0.480.890.15-0.240.910.930.89-0.610.870.890.00.18-0.990.930.560.00.90.00.01-0.680.0
0.520.450.920.79-0.720.690.47-0.540.980.990.99-0.810.980.99-0.360.5-0.970.930.79-0.360.99-0.360.28-0.86-0.36
0.920.820.540.71-0.990.140.9-0.940.850.810.86-0.990.890.85-0.610.91-0.690.560.79-0.610.85-0.610.62-0.99-0.61
-0.78-0.490.01-0.350.60.31-0.790.72-0.33-0.33-0.40.53-0.4-0.421.0-0.790.120.0-0.36-0.61-0.391.0-0.80.511.0
0.60.540.890.8-0.790.620.56-0.620.990.991.0-0.871.01.0-0.390.58-0.960.90.990.85-0.39-0.390.34-0.91-0.39
-0.78-0.490.01-0.350.60.31-0.790.72-0.33-0.33-0.40.53-0.4-0.421.0-0.790.120.0-0.36-0.611.0-0.39-0.80.511.0
0.770.660.00.3-0.62-0.310.79-0.730.340.320.35-0.590.370.37-0.80.78-0.120.010.280.62-0.80.34-0.8-0.55-0.8
-0.85-0.79-0.67-0.750.97-0.29-0.810.87-0.92-0.88-0.921.0-0.94-0.910.51-0.830.79-0.68-0.86-0.990.51-0.910.51-0.550.51
-0.78-0.490.01-0.350.60.31-0.790.72-0.33-0.33-0.40.53-0.4-0.421.0-0.790.120.0-0.36-0.611.0-0.391.0-0.80.51
Click cells to compare fundamentals

Astra Space Account Relationship Matchups

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

  0.74AZ A2Z Smart TechnologiesPairCorr

Moving against Astra Stock

  0.85ERJ Embraer SA ADR Sell-off TrendPairCorr
  0.75CW Curtiss-Wright Financial Report 1st of May 2024 PairCorr
  0.74DRS Leonardo DRS Common Financial Report 1st of May 2024 PairCorr
  0.72HWM Howmet AerospaceInc Financial Report 7th of May 2024 PairCorr
  0.68HII Huntington Ingalls Financial Report 2nd of May 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.
Pair CorrelationCorrelation Matching
When determining whether Astra Space is a strong investment it is important to analyze Astra Space's 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 Astra Space's future performance. For an informed investment choice regarding Astra Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Space. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
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.