Ascent Competitors
| ASTI Stock | USD 4.99 0.25 4.77% |
Ascent Solar vs Barnwell Industries Correlation
Very good diversification
The correlation between Ascent Solar Technologies and BRN is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ascent Solar Technologies and BRN in the same portfolio, assuming nothing else is changed.
Moving together with Ascent Stock
| 0.87 | ON | ON Semiconductor Earnings Call This Week | PairCorr |
| 0.85 | AMK | Amkor Technology Earnings Call This Week | PairCorr |
Moving against Ascent Stock
The current Return On Tangible Assets is estimated to decrease to -1.21. The Ascent Solar's current Return On Capital Employed is estimated to increase to -1.92. The Ascent Solar's current Net Tangible Assets is estimated to increase to about 4.3 M, while Total Assets are projected to decrease to under 6.1 M.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ascent Solar'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.
Ascent Solar Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ascent Solar and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Ascent and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ascent Solar Technologies does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ascent Stock performing well and Ascent Solar Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ascent Solar's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TURB | 4.89 | (2.03) | 0.00 | (0.95) | 0.00 | 7.77 | 28.93 | |||
| PTLE | 6.30 | (0.16) | 0.00 | (0.19) | 0.00 | 18.18 | 62.75 | |||
| RBNE | 5.04 | (0.22) | 0.00 | (0.15) | 0.00 | 9.86 | 23.90 | |||
| VIVK | 10.10 | (4.22) | 0.00 | (3.66) | 0.00 | 16.03 | 112.20 | |||
| TPET | 3.79 | (0.45) | 0.00 | (17.58) | 0.00 | 7.32 | 32.43 | |||
| STAK | 4.12 | (0.84) | 0.00 | (0.47) | 0.00 | 10.00 | 30.59 | |||
| NUAI | 8.79 | 0.77 | 0.07 | 0.78 | 10.26 | 19.87 | 56.80 | |||
| SKYQ | 8.89 | 0.34 | 0.05 | 0.12 | 8.80 | 17.65 | 125.89 | |||
| PN | 4.36 | 0.01 | 0.00 | 0.07 | 6.62 | 8.93 | 39.11 | |||
| BRN | 2.91 | (0.14) | 0.00 | (0.05) | 0.00 | 7.38 | 19.84 |
Cross Equities Net Income Analysis
Compare Ascent Solar Technologies and related stocks such as Turbo Energy SA, PTL LTD Ordinary, and Robin Energy Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TURB | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 267.2 K | 1 M | (2 M) | (3.3 M) | (3 M) | (2.9 M) |
| PTLE | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 391.1 K | 936.1 K | (637.8 K) | (574 K) | (545.3 K) |
| RBNE | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 8.6 M | 15.4 M | 1.1 M | 946.3 K | 899 K |
| VIVK | (20.5 K) | (607.5 K) | (676.3 K) | (846.5 K) | (423.4 K) | 114.6 K | (1.1 M) | (2 M) | (7.1 M) | (2.2 M) | (2.2 M) | (5.5 M) | (19.4 M) | (10.7 M) | (22.2 M) | (20 M) | (19 M) |
| TPET | (102.1 K) | (102.1 K) | (102.1 K) | (102.1 K) | (102.1 K) | (102.1 K) | (102.1 K) | (102.1 K) | (102.1 K) | (102.1 K) | (102.1 K) | (3.8 M) | (6.5 M) | (9.6 M) | (7.3 M) | (6.6 M) | (6.9 M) |
| STAK | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 1.6 M | 3.5 M | 2.4 M | (5.7 M) | (5.1 M) | (4.9 M) |
| NUAI | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | 10.1 K | (13.8 M) | (12.4 M) | (11.8 M) |
| SKYQ | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (4.4 M) | (14.7 M) | (13.3 M) | (12.6 M) |
| PN | 2.1 M | 2.1 M | 2.1 M | 2.1 M | 2.1 M | 2.1 M | 2.1 M | 2.1 M | 2.1 M | 2.1 M | 2.1 M | 1.6 M | 1.1 M | 471 K | 471 K | 423.9 K | 402.7 K |
| BRN | (4.2 M) | (10.1 M) | (8.6 M) | 672 K | 1.3 M | (3.6 M) | 1.2 M | (1.8 M) | (12.4 M) | (4.8 M) | 6.3 M | 5.5 M | (961 K) | (5.6 M) | (7.1 M) | (6.4 M) | (6.1 M) |
Ascent Solar Technologies and related stocks such as Turbo Energy SA, PTL LTD Ordinary, and Robin Energy Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Ascent Solar Technologies financial statement analysis. It represents the amount of money remaining after all of Ascent Solar Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Ascent Solar Competitive Analysis
The better you understand Ascent Solar competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ascent Solar's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ascent Solar's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Ascent Solar Competition Performance Charts
Five steps to successful analysis of Ascent Solar Competition
Ascent Solar's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ascent Solar Technologies in relation to its competition. Ascent Solar's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Ascent Solar in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ascent Solar's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ascent Solar Technologies, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Ascent Solar position
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Check out Ascent Solar Correlation with its peers. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is there potential for Semiconductors & Semiconductor Equipment market expansion? Will Ascent introduce new products? Factors like these will boost the valuation of Ascent Solar. If investors know Ascent will grow in the future, the company's valuation will be higher. Understanding fair value requires weighing current performance against future potential. All the valuation information about Ascent Solar 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 (0.90) | Earnings Share (2.49) | Revenue Per Share | Quarterly Revenue Growth 2.339 | Return On Assets |
The market value of Ascent Solar Technologies is measured differently than its book value, which is the value of Ascent that is recorded on the company's balance sheet. Investors also form their own opinion of Ascent Solar's value that differs from its market value or its book value, called intrinsic value, which is Ascent Solar's true underlying value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Because Ascent Solar's market value can be influenced by many factors that don't directly affect Ascent Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Ascent Solar's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Ascent Solar represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Ascent Solar's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.