Astra Space Stock Alpha and Beta Analysis
ASTR Stock | USD 0.64 0.02 3.71% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Astra Space. It also helps investors analyze the systematic and unsystematic risks associated with investing in Astra Space over a specified time horizon. Remember, high Astra Space's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Astra Space's market risk premium analysis include:
Beta 1.39 | Alpha (1.10) | Risk 8.51 | Sharpe Ratio (0.18) | Expected Return (1.53) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Astra |
Astra Space Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Astra Space market risk premium is the additional return an investor will receive from holding Astra Space long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Astra Space. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Astra Space's performance over market.α | -1.1 | β | 1.39 |
Astra Space expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Astra Space's Buy-and-hold return. Our buy-and-hold chart shows how Astra Space performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Astra Space Market Price Analysis
Market price analysis indicators help investors to evaluate how Astra Space stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Astra Space shares will generate the highest return on investment. By understating and applying Astra Space stock market price indicators, traders can identify Astra Space position entry and exit signals to maximize returns.
Astra Space Return and Market Media
The median price of Astra Space for the period between Thu, Jan 25, 2024 and Wed, Apr 24, 2024 is 0.8 with a coefficient of variation of 54.38. The daily time series for the period is distributed with a sample standard deviation of 0.66, arithmetic mean of 1.21, and mean deviation of 0.63. The Stock received substential amount of media coverage during this period. Price Growth (%) |
Timeline |
1 | Astar Reaches Self Reported Market Cap of 1.01 Billion | 01/31/2024 |
2 | Payment of 577 shares by Adam London of Astra Space subject to Rule 16b-3 | 02/21/2024 |
3 | Astra founders reduce offer to take company private - SpaceNews | 02/27/2024 |
4 | Purchase by Chris Kemp of tradable shares of Astra Space | 02/28/2024 |
5 | Astar Hits 24 Hour Volume of 62.41 Million | 03/05/2024 |
6 | Space company Astra going private to avoid bankruptcy after dismal public run | 03/07/2024 |
7 | ONGOING INVESTIGATION NOTICE The Schall Law Firm Announces it is Investigating Claims Against Astra Space, Inc. and Encourages Investors to Contact the Firm | 03/11/2024 |
8 | Discretionary transaction by Morcos Alexander of 1732673 shares of Astra Space at 0.808 subject to Rule 16b-3 | 03/18/2024 |
9 | Discretionary transaction by Karkar Andrei of tradable shares of Astra Space subject to Rule 16b-3 | 03/25/2024 |
10 | Astra Space Stock Price Down 4.4 percent - Defense World | 03/26/2024 |
11 | Disposition of 13834 shares by Adam London of Astra Space at 1.3705 subject to Rule 16b-3 | 04/19/2024 |
About Astra Space Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Astra or other stocks. Alpha measures the amount that position in Astra Space has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
2010 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 17.46 | 16.41 | 1.69 | 1.61 | Days Of Inventory On Hand | 17.59 | 84.05 | 690.44 | 724.96 |
Astra Space Upcoming Company Events
As portrayed in its financial statements, the presentation of Astra Space's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Astra Space's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Astra Space's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Astra Space. Please utilize our Beneish M Score to check the likelihood of Astra Space's management manipulating its earnings.
4th of April 2024 Upcoming Quarterly Report | View | |
20th of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
4th of April 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Astra Space
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Astra Space Backtesting, Astra Space Valuation, Astra Space Correlation, Astra Space Hype Analysis, Astra Space Volatility, Astra Space History and analyze Astra Space Performance. To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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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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Astra Space 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.