Astec Industries Stock Market Value
ASTE Stock | USD 40.01 0.63 1.55% |
Symbol | Astec |
Astec Industries Price To Book Ratio
Is Astec Industries' 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 Astec Industries. If investors know Astec 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 Astec Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.945 | Dividend Share 0.52 | Earnings Share 1.47 | Revenue Per Share 58.9 | Quarterly Revenue Growth (0.04) |
The market value of Astec Industries is measured differently than its book value, which is the value of Astec that is recorded on the company's balance sheet. Investors also form their own opinion of Astec Industries' value that differs from its market value or its book value, called intrinsic value, which is Astec Industries' 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 Astec Industries' market value can be influenced by many factors that don't directly affect Astec Industries' 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 Astec Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astec Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Industries' 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.
Astec Industries '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 Astec Industries' 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 Astec Industries.
02/17/2024 |
| 03/18/2024 |
If you would invest 0.00 in Astec Industries on February 17, 2024 and sell it all today you would earn a total of 0.00 from holding Astec Industries or generate 0.0% return on investment in Astec Industries over 30 days. Astec Industries is related to or competes with Lion Electric, Hanesbrands, Hyster Yale, Palantir TechnologiesInc, Ideanomics, Titan International, and Deere. Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road bui... More
Astec Industries 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 Astec Industries' 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 Astec Industries upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.14 | |||
Information Ratio | 0.0985 | |||
Maximum Drawdown | 14.97 | |||
Value At Risk | (2.99) | |||
Potential Upside | 4.26 |
Astec Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astec Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astec Industries' standard deviation. In reality, there are many statistical measures that can use Astec Industries historical prices to predict the future Astec Industries' volatility.Risk Adjusted Performance | 0.1069 | |||
Jensen Alpha | 0.0829 | |||
Total Risk Alpha | (0.13) | |||
Sortino Ratio | 0.1108 | |||
Treynor Ratio | 0.1701 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Astec Industries' 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. Please use the tools below to analyze the current value of Astec Industries in the context of predictive analytics.
Astec Industries Backtested Returns
We consider Astec Industries very steady. Astec Industries secures Sharpe Ratio (or Efficiency) of 0.0451, which signifies that the company had 0.0451% return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Astec Industries, which you can use to evaluate the future volatility of the firm. Please confirm Astec Industries' Downside Deviation of 2.14, mean deviation of 1.75, and Risk Adjusted Performance of 0.1069 to double-check if the risk estimate we provide is consistent with the expected return of 0.0962%. Astec Industries has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.17, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Astec Industries will likely underperform. Although it is important to respect Astec Industries historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. Astec Industries right now shows a risk of 2.13%. Please confirm Astec Industries semi variance, and the relationship between the maximum drawdown and accumulation distribution to decide if Astec Industries will be following its price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Astec Industries has very good reverse predictability. Overlapping area represents the amount of predictability between Astec Industries time series from 17th of February 2024 to 3rd of March 2024 and 3rd of March 2024 to 18th of March 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 Astec Industries price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Astec Industries price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.62 | |
Spearman Rank Test | -0.33 | |
Residual Average | 0.0 | |
Price Variance | 0.49 |
Astec Industries lagged returns against current returns
Autocorrelation, which is Astec Industries 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 Astec Industries' stock expected returns. We can calculate the autocorrelation of Astec Industries returns to help us make a trade decision. For example, suppose you find that Astec Industries stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Astec Industries 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 Astec Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astec Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astec Industries stock over time.
Current vs Lagged Prices |
Timeline |
Astec Industries Lagged Returns
When evaluating Astec Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astec Industries stock have on its future price. Astec Industries 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, Astec Industries autocorrelation shows the relationship between Astec Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Astec Industries.
Regressed Prices |
Timeline |
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 Astec Industries 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, Astec Industries' short interest history, or implied volatility extrapolated from Astec Industries options trading.
Pair Trading with Astec Industries
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 Astec Industries 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 Astec Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Astec Stock
0.73 | LEV | Lion Electric Corp Financial Report 14th of May 2024 | PairCorr |
0.62 | HYFM | Hydrofarm Holdings Financial Report 8th of May 2024 | PairCorr |
0.57 | TWI | Titan International Financial Report 1st of May 2024 | PairCorr |
0.51 | LNN | Lindsay Report 2nd of April 2024 | PairCorr |
0.46 | MTW | Manitowoc Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Astec Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astec Industries 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 Astec Industries - 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 Astec Industries to buy it.
The correlation of Astec Industries is a statistical measure of how it moves in relation to other equities. 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 Astec Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astec Industries 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 Astec Industries 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 Astec Industries Correlation, Astec Industries Volatility and Astec Industries Alpha and Beta module to complement your research on Astec Industries. For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Astec Stock analysis
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.