Astec Industries Stock Market Value
| ASTE Stock | USD 37.01 1.02 2.83% |
| Symbol | Astec |
Astec Industries Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment 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 Astec Industries. If investors know Astec 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 Astec Industries 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 (0.72) | Dividend Share 0.52 | Earnings Share (0.09) | Revenue Per Share 56.33 | Quarterly Revenue Growth (0.04) |
The market value of Astec Industries is measured differently than its book value, which is the value of Astec that is recorded on the company's balance sheet. Investors also form their own opinion of Astec Industries' value that differs from its market value or its book value, called intrinsic value, which is Astec Industries' 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 Astec Industries' market value can be influenced by many factors that don't directly affect Astec Industries' 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 Astec Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astec Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Industries' 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.
Astec Industries '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 Astec Industries' 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 Astec Industries.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Astec Industries on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Astec Industries or generate 0.0% return on investment in Astec Industries over 360 days. Astec Industries is related to or competes with Hyster Yale, Manitex International, Shyft, Rev, Lindsay, Columbus McKinnon, and AGCO. Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road bui... More
Astec Industries 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 Astec Industries' 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 Astec Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.04 | |||
| Maximum Drawdown | 16.8 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 3.17 |
Astec Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astec Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astec Industries' standard deviation. In reality, there are many statistical measures that can use Astec Industries historical prices to predict the future Astec Industries' volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0588 | |||
| Treynor Ratio | 0.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Astec Industries' 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.
Astec Industries Backtested Returns
At this point, Astec Industries is very steady. Astec Industries secures Sharpe Ratio (or Efficiency) of 0.0565, which signifies that the company had a 0.0565% return per unit of risk over the last 3 months. We have found thirty technical indicators for Astec Industries, which you can use to evaluate the volatility of the firm. Please confirm Astec Industries' Mean Deviation of 1.68, downside deviation of 1.74, and Risk Adjusted Performance of 0.0654 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Astec Industries has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.68, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Astec Industries will likely underperform. Astec Industries right now shows a risk of 2.58%. Please confirm Astec Industries maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Astec Industries will be following its price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Astec Industries has weak reverse predictability. Overlapping area represents the amount of predictability between Astec Industries time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Astec Industries price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Astec Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 4.81 |
Astec Industries lagged returns against current returns
Autocorrelation, which is Astec Industries 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 Astec Industries' stock expected returns. We can calculate the autocorrelation of Astec Industries returns to help us make a trade decision. For example, suppose you find that Astec Industries 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 |
Astec Industries 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 Astec Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astec Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astec Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Astec Industries Lagged Returns
When evaluating Astec Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astec Industries stock have on its future price. Astec Industries 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, Astec Industries autocorrelation shows the relationship between Astec Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Astec Industries.
Regressed Prices |
| Timeline |
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 Astec Industries is a strong investment it is important to analyze Astec Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Astec Industries' future performance. For an informed investment choice regarding Astec Stock, refer to the following important reports:Check out Astec Industries Correlation, Astec Industries Volatility and Astec Industries Alpha and Beta module to complement your research on Astec Industries. For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Astec Industries 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.