Astec Stock Performance

ASTE -  USA Stock  

USD 59.40  0.58  0.97%

The firm shows a Beta (market volatility) of 1.6058, which signifies a somewhat significant risk relative to the market. Let's try to break down what Astec's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Astec Inds will likely underperform. Although it is extremely important to respect Astec Inds historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Astec Inds technical indicators, you can presently evaluate if the expected return of 0.17% will be sustainable into the future. Astec Inds right now shows a risk of 2.86%. Please confirm Astec Inds variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Astec Inds will be following its price patterns.

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 Astec Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Astec Inds are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of unsteady performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in August 2021. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more

Astec Price Channel

Quick Ratio1.72
Fifty Two Week Low43.79
Target High Price83.00
Fifty Two Week High80.00
Payout Ratio28.95%
Trailing Annual Dividend Yield0.73%
Target Low Price71.00

Astec Inds Relative Risk vs. Return Landscape

If you would invest  7,700  in Astec Inds on April 29, 2021 and sell it today you would lose (1,760)  from holding Astec Inds or give up 22.86% of portfolio value over 90 days. Astec Inds is currently does not generate positive expected returns and assumes 2.7898% risk (volatility on return distribution) over the 90 days horizon. In different words, 23% of stocks are less volatile than Astec, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Astec Inds is expected to under-perform the market. In addition to that, the company is 1.63 times more volatile than its market benchmark. It trades about -0.14 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.04 per unit of volatility.

Astec Inds Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Astec Inds' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Astec Inds, and traders can use it to determine the average amount a Astec Inds' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1354

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Negative ReturnsASTE
Estimated Market Risk
 2.79
  actual daily
 
 23 %
of total potential
 
2323
Expected Return
 -0.38
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.14
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 0 %
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Based on monthly moving average Astec Inds is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Astec Inds by adding it to a well-diversified portfolio.

About Astec Inds Performance

To evaluate Astec Inds Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Astec Inds generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Astec Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Astec Inds stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Astec's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Effect of Exchange Rate Changes on Cash-500 K-539.5 K
Return on Investment 6.89  7.69 
Return on Average Assets 0.06  0.0463 
Return on Average Equity 0.07  0.06 
Return on Invested Capital 0.1  0.09 
Return on Sales 0.045  0.0426 
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. Astec Industries, Inc. was founded in 1972 and is based in Chattanooga, Tennessee. Astec Inds operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 3537 people.

Things to note about Astec Inds

Checking the ongoing alerts about Astec Inds for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Astec Inds help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Astec Inds Alerts

Equity Alerts and Improvement Suggestions

Astec Inds generates negative expected return over the last 90 days
Astec Inds has high likelihood to experience some financial distress in the next 2 years
Astec Inds has a poor financial position based on the latest SEC disclosures
Over 95.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Acquisition by Pasricha Anshu of 145 shares of Astec Inds subject to Rule 16b-3
Please continue to Trending Equities. Note that the Astec Inds information on this page should be used as a complementary analysis to other Astec Inds' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Astec Inds price analysis, check to measure Astec Inds' 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 Inds is operating at the current time. Most of Astec Inds' value examination focuses on studying past and present price action to predict the probability of Astec Inds' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Astec Inds' price. Additionally, you may evaluate how the addition of Astec Inds to your portfolios can decrease your overall portfolio volatility.
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The market value of Astec Inds 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 Inds' value that differs from its market value or its book value, called intrinsic value, which is Astec Inds' 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 Inds' market value can be influenced by many factors that don't directly affect Astec Inds underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astec Inds' value and its price as these two are different measures arrived at by different means. Investors typically determine Astec Inds value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Inds' 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.