Astrotech Corp Stock Market Value
| ASTC Stock | USD 9.22 0.16 1.71% |
| Symbol | Astrotech |
Astrotech Corp Price To Book Ratio
Is Astrotech Corp'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 Astrotech Corp. If investors know Astrotech 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 Astrotech Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.28) | Revenue Per Share 1.221 | Quarterly Revenue Growth 3.24 | Return On Assets (0.16) | Return On Equity (0.23) |
The market value of Astrotech Corp is measured differently than its book value, which is the value of Astrotech that is recorded on the company's balance sheet. Investors also form their own opinion of Astrotech Corp's value that differs from its market value or its book value, called intrinsic value, which is Astrotech Corp'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 Astrotech Corp's market value can be influenced by many factors that don't directly affect Astrotech Corp'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 Astrotech Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Astrotech Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astrotech Corp'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.
Astrotech Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Astrotech Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Astrotech Corp.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Astrotech Corp on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Astrotech Corp or generate 0.0% return on investment in Astrotech Corp over 30 days. Astrotech Corp is related to or competes with CPI Aerostructures, Tat Techno, SIFCO Industries, Park Electrochemical, Nauticus Robotics, Astronics, and Coda Octopus. Astrotech Corporation operates as a mass spectrometry company worldwide More
Astrotech Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Astrotech Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Astrotech Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.1054 | |||
| Maximum Drawdown | 17.38 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 7.38 |
Astrotech Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astrotech Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astrotech Corp's standard deviation. In reality, there are many statistical measures that can use Astrotech Corp historical prices to predict the future Astrotech Corp's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.4853 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1172 | |||
| Treynor Ratio | (0.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Astrotech Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Astrotech Corp Backtested Returns
Astrotech Corp appears to be slightly risky, given 3 months investment horizon. Astrotech Corp secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Astrotech Corp, which you can use to evaluate the volatility of the firm. Please makes use of Astrotech Corp's Mean Deviation of 2.57, risk adjusted performance of 0.0913, and Downside Deviation of 3.08 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Astrotech Corp holds a performance score of 9. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Astrotech Corp are expected to decrease at a much lower rate. During the bear market, Astrotech Corp is likely to outperform the market. Please check Astrotech Corp's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Astrotech Corp's price patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Astrotech Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Astrotech Corp time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Astrotech Corp price movement. The serial correlation of -0.76 indicates that around 76.0% of current Astrotech Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Astrotech Corp lagged returns against current returns
Autocorrelation, which is Astrotech Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Astrotech Corp's stock expected returns. We can calculate the autocorrelation of Astrotech Corp returns to help us make a trade decision. For example, suppose you find that Astrotech Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Astrotech Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Astrotech Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astrotech Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astrotech Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Astrotech Corp Lagged Returns
When evaluating Astrotech Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astrotech Corp stock have on its future price. Astrotech Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Astrotech Corp autocorrelation shows the relationship between Astrotech Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Astrotech Corp.
Regressed Prices |
| Timeline |
Pair Trading with Astrotech Corp
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 Astrotech Corp 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 Astrotech Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Astrotech Stock
| 0.8 | CW | Curtiss Wright Earnings Call Next Week | PairCorr |
| 0.82 | EH | Ehang Holdings | PairCorr |
| 0.86 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
Moving against Astrotech Stock
| 0.89 | AZ | A2Z Smart Technologies | PairCorr |
| 0.86 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.64 | EVEX | Eve Holding Financial Report 14th of May 2024 | PairCorr |
| 0.48 | ESLT | Elbit Systems Financial Report 4th of June 2024 | PairCorr |
| 0.46 | PL | Planet Labs PBC Financial Report 13th of June 2024 | PairCorr |
The ability to find closely correlated positions to Astrotech Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astrotech Corp 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 Astrotech Corp - 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 Astrotech Corp to buy it.
The correlation of Astrotech Corp 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 Astrotech Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astrotech Corp 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 Astrotech Corp 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 Astrotech Corp Correlation, Astrotech Corp Volatility and Astrotech Corp Alpha and Beta module to complement your research on Astrotech Corp. For information on how to trade Astrotech Stock refer to our How to Trade Astrotech Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Astrotech Stock analysis
When running Astrotech Corp's price analysis, check to measure Astrotech Corp'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 Astrotech Corp is operating at the current time. Most of Astrotech Corp's value examination focuses on studying past and present price action to predict the probability of Astrotech Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astrotech Corp's price. Additionally, you may evaluate how the addition of Astrotech Corp to your portfolios can decrease your overall portfolio volatility.
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Astrotech Corp 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.