Astron Connect Stock Market Value
| AST Stock | CAD 0.03 0.00 0.00% |
| Symbol | Astron |
Astron Connect 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Astron Connect's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Astron Connect.
| 01/22/2024 |
| 01/16/2025 |
If you would invest 0.00 in Astron Connect on January 22, 2024 and sell it all today you would earn a total of 0.00 from holding Astron Connect or generate 0.0% return on investment in Astron Connect over 360 days. Astron Connect is related to or competes with Costco Wholesale, Verizon Communications, Bank of Nova Scotia, Maple Leaf, Cogeco Communications, and CI Financial. Astron Connect Inc., together with its subsidiaries, engages in the distribution and sale of beverage and food products ... More
Astron Connect Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Astron Connect's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Astron Connect upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1119 | |||
| Maximum Drawdown | 83.33 |
Astron Connect Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astron Connect's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astron Connect's standard deviation. In reality, there are many statistical measures that can use Astron Connect historical prices to predict the future Astron Connect's volatility.| Risk Adjusted Performance | 0.1002 | |||
| Jensen Alpha | 0.8887 | |||
| Total Risk Alpha | 1.07 | |||
| Treynor Ratio | (0.37) |
Astron Connect Backtested Returns
Astron Connect is out of control given 3 months investment horizon. Astron Connect secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate seventeen different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use Astron Connect Mean Deviation of 2.79, risk adjusted performance of 0.1002, and Standard Deviation of 8.39 to evaluate company specific risk that cannot be diversified away. Astron Connect holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.48, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Astron Connect are expected to decrease by larger amounts. On the other hand, during market turmoil, Astron Connect is expected to outperform it. Use Astron Connect jensen alpha and rate of daily change , to analyze future returns on Astron Connect.
Auto-correlation | 0.29 |
Poor predictability
Astron Connect has poor predictability. Overlapping area represents the amount of predictability between Astron Connect time series from 22nd of January 2024 to 20th of July 2024 and 20th of July 2024 to 16th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Astron Connect price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Astron Connect price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Astron Connect lagged returns against current returns
Autocorrelation, which is Astron Connect stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Astron Connect's stock expected returns. We can calculate the autocorrelation of Astron Connect returns to help us make a trade decision. For example, suppose you find that Astron Connect has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Astron Connect regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Astron Connect stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astron Connect stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astron Connect stock over time.
Current vs Lagged Prices |
| Timeline |
Astron Connect Lagged Returns
When evaluating Astron Connect's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astron Connect stock have on its future price. Astron Connect autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Astron Connect autocorrelation shows the relationship between Astron Connect stock current value and its past values and can show if there is a momentum factor associated with investing in Astron Connect.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Astron Stock Analysis
When running Astron Connect's price analysis, check to measure Astron Connect'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 Astron Connect is operating at the current time. Most of Astron Connect's value examination focuses on studying past and present price action to predict the probability of Astron Connect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astron Connect's price. Additionally, you may evaluate how the addition of Astron Connect to your portfolios can decrease your overall portfolio volatility.