Astra Working Capital vs Interest Expense Analysis
| ASTR Stock | USD 0.56 0.01 1.75% |
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 Working Capital and its Interest Expense 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.
Working Capital vs Interest Expense
Working Capital vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astra Space Working Capital account and Interest Expense. At this time, the significance of the direction appears to have no relationship.
The correlation between Astra Space's Working Capital and Interest Expense is 0.0. Overlapping area represents the amount of variation of Working Capital that can explain the historical movement of Interest Expense 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 Working Capital and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Working Capital of Astra Space are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Working Capital i.e., Astra Space's Working Capital and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.0 |
| Relationship Direction | Flat |
| Relationship Strength | Insignificant |
Working Capital
The difference between a company’s current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.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 04/16/2024, 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 Expense | 1.2M | 1.7M | 1.6M | 1.9M | Depreciation And Amortization | 133.8M | 310.7M | 357.3M | 375.1M |
Astra Space fundamental ratios Correlations
Click cells to compare fundamentals
Astra Space Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.81 | AZ | A2Z Smart Technologies | PairCorr |
| 0.79 | BA | Boeing Report 24th of April 2024 | PairCorr |
Moving against Astra Stock
| 0.88 | ERJ | Embraer SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.86 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.81 | CW | Curtiss Wright Financial Report 1st of May 2024 | PairCorr |
| 0.81 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
| 0.75 | HWM | Howmet AerospaceInc Financial Report 7th 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.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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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 (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.