Astrotech Corp Correlations

ASTC Stock

USD 2.80 0.10 3.45%

The current 90-days correlation between Astrotech Corp and Momentus is 0.37 (i.e., Weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Astrotech Corp Correlation With Market

Modest diversification

The correlation between Astrotech Corp and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astrotech Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astrotech Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For information on how to trade Astrotech Stock refer to our How to Trade Astrotech Stock guide.

Moving together with Astrotech Stock

0.72

EVTL

Vertical Aerospace

Pair Corr

Moving against Astrotech Stock

0.58

PSN

Parsons Corp

Pair Corr

Related Correlations Analysis

	MNTS	DFSC	GVH	IPDN	IVDA	GLXG	LNKS	BKYI	AEHL	CHNR
MNTS		0.81	0.4	0.3	0.64	0.69	-0.45	0.27	0.71	0.09	MNTS
DFSC	0.81		0.62	0.53	0.52	0.84	-0.35	0.48	0.81	-0.05	DFSC
GVH	0.4	0.62		0.9	0.18	0.71	-0.54	0.68	0.5	-0.07	GVH
IPDN	0.3	0.53	0.9		-0.09	0.65	-0.31	0.7	0.34	-0.06	IPDN
IVDA	0.64	0.52	0.18	-0.09		0.37	-0.55	-0.19	0.73	0.17	IVDA
GLXG	0.69	0.84	0.71	0.65	0.37		-0.33	0.64	0.61	-0.09	GLXG
LNKS	-0.45	-0.35	-0.54	-0.31	-0.55	-0.33		-0.09	-0.5	0.02	LNKS
BKYI	0.27	0.48	0.68	0.7	-0.19	0.64	-0.09		0.07	-0.09	BKYI
AEHL	0.71	0.81	0.5	0.34	0.73	0.61	-0.5	0.07		0.02	AEHL
CHNR	0.09	-0.05	-0.07	-0.06	0.17	-0.09	0.02	-0.09	0.02		CHNR
	MNTS	DFSC	GVH	IPDN	IVDA	GLXG	LNKS	BKYI	AEHL	CHNR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IPDN	+ 0.9	GVH
GLXG	+ 0.84	DFSC
DFSC	+ 0.81	MNTS
AEHL	+ 0.81	DFSC
AEHL	+ 0.73	IVDA
AEHL	+ 0.71	MNTS

High negative correlations

LNKS	- 0.55	IVDA
LNKS	- 0.54	GVH
AEHL	- 0.5	LNKS
LNKS	- 0.45	MNTS
LNKS	- 0.35	DFSC
LNKS	- 0.33	GLXG

Risk-Adjusted Indicators

There is a big difference between Astrotech Stock performing well and Astrotech Corp 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 Astrotech Corp'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
MNTS	10.01	(0.35)	0.00	(0.03)	0.00	0.00	17.86	(20.42)	74.16
DFSC	4.19	(0.74)	0.00	(0.25)	0.00	0.00	9.38	(7.25)	35.87
GVH	5.37	(1.88)	0.00	(2.74)	0.00	0.00	9.02	(10.34)	87.78
IPDN	4.45	(0.60)	0.00	(0.13)	0.00	0.00	8.33	(9.18)	28.74
IVDA	8.22	(0.68)	0.00	(0.38)	0.00	0.00	17.24	(17.39)	74.33
GLXG	6.31	(0.28)	0.00	0.23	0.00	0.00	12.64	(14.81)	53.25
LNKS	8.45	2.15	0.26	2.77	7.14	(11.50)	22.58	(13.85)	88.10
BKYI	4.31	(0.30)	0.00	(1.09)	0.00	0.00	9.26	(8.22)	43.12
AEHL	10.31	0.10	0.02	0.10	10.34	(14.54)	16.95	(18.57)	134.82
CHNR	3.61	(0.21)	0.00	(0.27)	0.00	0.00	8.87	(7.45)	29.14

Astrotech Corp Corporate Management

Joe Levinthal	Chief Inc	Profile
Jaime Hinojosa	Treasurer CFO	Profile
Thomas III	Chairman CEO	Profile
Jennifer Caas	Controller Officer	Profile
Nihanth Badugu	Chief Officer	Profile
Ryan Polk	Interim Officer	Profile
Scott CPA	Interim Officer	Profile

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