Astrotech Corp Stock Market Value
| ASTC Stock | USD 7.71 0.09 1.18% |
| Symbol | Astrotech |
Astrotech Corp Price To Book Ratio
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astrotech Corp. If investors know Astrotech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astrotech Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.26) | Revenue Per Share 1.016 | Quarterly Revenue Growth (0.82) | Return On Assets (0.19) | Return On Equity (0.29) |
The market value of Astrotech Corp is measured differently than its book value, which is the value of Astrotech that is recorded on the company's balance sheet. Investors also form their own opinion of Astrotech Corp's value that differs from its market value or its book value, called intrinsic value, which is Astrotech Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astrotech Corp's market value can be influenced by many factors that don't directly affect Astrotech Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astrotech Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Astrotech Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astrotech Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Astrotech Corp '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 Astrotech Corp'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 Astrotech Corp.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Astrotech Corp on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Astrotech Corp or generate 0.0% return on investment in Astrotech Corp over 30 days. Astrotech Corp is related to or competes with Vontier Corp, ESCO Technologies, MKS Instruments, Sensata Technologies, Fortive Corp, Cognex, and Novanta. Astrotech Corporation operates as a mass spectrometry company worldwide More
Astrotech Corp 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 Astrotech Corp'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 Astrotech Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 23.55 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 3.38 |
Astrotech Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astrotech Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astrotech Corp's standard deviation. In reality, there are many statistical measures that can use Astrotech Corp historical prices to predict the future Astrotech Corp's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | 7.72 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Astrotech Corp'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.
Astrotech Corp Backtested Returns
Astrotech Corp secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Astrotech Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Astrotech Corp's Mean Deviation of 2.19, risk adjusted performance of (0.11), and Standard Deviation of 3.67 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.072, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Astrotech Corp are expected to decrease at a much lower rate. During the bear market, Astrotech Corp is likely to outperform the market. At this point, Astrotech Corp has a negative expected return of -0.49%. Please make sure to confirm Astrotech Corp's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Astrotech Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Astrotech Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Astrotech Corp time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Astrotech Corp price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Astrotech Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Astrotech Corp lagged returns against current returns
Autocorrelation, which is Astrotech Corp 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 Astrotech Corp's stock expected returns. We can calculate the autocorrelation of Astrotech Corp returns to help us make a trade decision. For example, suppose you find that Astrotech Corp 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 |
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Astrotech Corp 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 Astrotech Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astrotech Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astrotech Corp stock over time.
Current vs Lagged Prices |
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Astrotech Corp Lagged Returns
When evaluating Astrotech Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astrotech Corp stock have on its future price. Astrotech Corp 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, Astrotech Corp autocorrelation shows the relationship between Astrotech Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Astrotech Corp.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Astrotech Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Astrotech Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Astrotech Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Astrotech Corp Stock:Check out Astrotech Corp Correlation, Astrotech Corp Volatility and Astrotech Corp Alpha and Beta module to complement your research on Astrotech Corp. For information on how to trade Astrotech Stock refer to our How to Trade Astrotech Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Astrotech Corp 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.