Astra Space Correlations
| ASTRDelisted Stock | USD 0.54 0.00 0.00% |
The current 90-days correlation between Astra Space and Virgin Galactic Holdings is -0.01 (i.e., Good diversification). The correlation of Astra Space 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Astra Space Correlation With Market
Good diversification
The correlation between Astra Space and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astra Space and DJI in the same portfolio, assuming nothing else is changed.
Astra |
Moving together with Astra Stock
| 0.68 | BAER | Bridger Aerospace Buyout Trend | PairCorr |
Moving against Astra Stock
| 0.9 | SOUN | SoundHound AI | PairCorr |
| 0.88 | QBTS | D Wave Quantum | PairCorr |
| 0.87 | AVGO | Broadcom Aggressive Push | PairCorr |
| 0.85 | GOOGL | Alphabet Class A | PairCorr |
| 0.83 | FWONK | Liberty Media | PairCorr |
| 0.81 | ZVIA | Zevia Pbc | PairCorr |
| 0.78 | RUM | Rumble Inc Buyout Trend | PairCorr |
| 0.75 | TNXP | Tonix Pharmaceuticals | PairCorr |
| 0.75 | JBL | Jabil Circuit | PairCorr |
| 0.74 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.73 | MSB | Mesabi Trust | PairCorr |
| 0.72 | KODK | Eastman Kodak | PairCorr |
| 0.64 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.6 | AROC | Archrock | PairCorr |
| 0.54 | RNMBF | Rheinmetall AG | PairCorr |
| 0.54 | OPFI | OppFi Inc | PairCorr |
| 0.5 | HBI | Hanesbrands Sell-off Trend | PairCorr |
| 0.47 | SVCO | Silvaco Group, Common | PairCorr |
| 0.45 | GTOR | Ggtoor Inc | PairCorr |
| 0.41 | QNCX | Quince Therapeutics, | PairCorr |
| 0.33 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.82 | AAL | American Airlines Earnings Call This Week | PairCorr |
| 0.82 | ACHR | Archer Aviation | PairCorr |
| 0.81 | WSM | Williams Sonoma | PairCorr |
| 0.79 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.79 | TATT | Tat Techno | PairCorr |
| 0.7 | CLS | Celestica | PairCorr |
| 0.7 | FSK | FS KKR Capital | PairCorr |
| 0.69 | EVTL | Vertical Aerospace | PairCorr |
| 0.68 | WMT | Walmart | PairCorr |
| 0.59 | UAL | United Airlines Holdings Earnings Call This Week | PairCorr |
| 0.56 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.5 | ALGM | Allegro Microsystems | PairCorr |
| 0.47 | ASML | ASML Holding NV Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Astra Stock performing well and Astra Space 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 Astra Space'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPCE | 3.58 | (0.26) | 0.00 | (4.17) | 0.00 | 7.76 | 28.44 | |||
| PL | 3.50 | 0.86 | 0.25 | 1.07 | 2.96 | 7.98 | 22.62 | |||
| EVEX | 3.49 | 0.65 | 0.16 | 1.54 | 3.69 | 7.84 | 31.98 | |||
| RDW | 4.27 | 1.09 | 0.21 | 1.90 | 4.15 | 12.76 | 28.16 | |||
| MNTS | 6.25 | (0.13) | 0.00 | 0.20 | 0.00 | 13.41 | 46.89 | |||
| LLAP | 4.12 | (1.28) | 0.00 | (11.85) | 0.00 | 4.17 | 51.59 | |||
| RKLB | 4.53 | 1.53 | 0.29 | 3.34 | 4.20 | 11.05 | 41.53 | |||
| SIDU | 10.23 | 2.30 | 0.17 | (0.52) | 11.50 | 10.26 | 258.03 | |||
| BA | 1.45 | 0.22 | 0.10 | (3.10) | 1.65 | 3.11 | 7.39 | |||
| VORBQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Astra Space Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Astra Space stock to make a market-neutral strategy. Peer analysis of Astra Space could also be used in its relative valuation, which is a method of valuing Astra Space by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Astra Space Corporate Management
| Kerry McIntosh | Chief Staff | Profile | |
| Pablo Gonzales | VP Automation | Profile | |
| Axel Martinez | Chief Officer | Profile | |
| Michael Stitcher | VP Counsel | Profile | |
| Carla Supanich | Chief Officer | Profile | |
| Benjamin Lyon | Chief Operations | Profile | |
| Andrew Hsiung | Vice Markets | Profile |
Still Interested in Astra Space?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.