Astrana Health Stock Market Value
| ASTH Stock | 44.81 1.56 3.61% |
| Symbol | Astrana |
Astrana Health Price To Book Ratio
Is Health Care Providers & Services 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 Astrana Health. If investors know Astrana 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 Astrana Health 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 (0.30) | Earnings Share 1.3 | Revenue Per Share 36.415 | Quarterly Revenue Growth 0.375 | Return On Assets 0.0449 |
The market value of Astrana Health is measured differently than its book value, which is the value of Astrana that is recorded on the company's balance sheet. Investors also form their own opinion of Astrana Health's value that differs from its market value or its book value, called intrinsic value, which is Astrana Health'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 Astrana Health's market value can be influenced by many factors that don't directly affect Astrana Health'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 Astrana Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Astrana Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astrana Health'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.
Astrana Health '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 Astrana Health'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 Astrana Health.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Astrana Health on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Astrana Health or generate 0.0% return on investment in Astrana Health over 360 days. Astrana Health is related to or competes with Turning Point, Altria, Willamette Valley, Accel Entertainment, Keurig Dr, Vita Coco, and Constellation Brands. Astrana Health is entity of United States More
Astrana Health 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 Astrana Health'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 Astrana Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 26.75 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 5.28 |
Astrana Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astrana Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astrana Health's standard deviation. In reality, there are many statistical measures that can use Astrana Health historical prices to predict the future Astrana Health's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Astrana Health'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.
Astrana Health Backtested Returns
Astrana Health secures Sharpe Ratio (or Efficiency) of -0.0025, which signifies that the company had a -0.0025% return per unit of risk over the last 3 months. Astrana Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Astrana Health's Risk Adjusted Performance of 0.0027, mean deviation of 1.99, and Standard Deviation of 3.52 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.16, 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, Astrana Health will likely underperform. At this point, Astrana Health has a negative expected return of -0.009%. Please make sure to confirm Astrana Health's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Astrana Health performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Astrana Health has insignificant predictability. Overlapping area represents the amount of predictability between Astrana Health time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Astrana Health price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Astrana Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 46.28 |
Astrana Health lagged returns against current returns
Autocorrelation, which is Astrana Health 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 Astrana Health's stock expected returns. We can calculate the autocorrelation of Astrana Health returns to help us make a trade decision. For example, suppose you find that Astrana Health 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 |
Astrana Health 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 Astrana Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astrana Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astrana Health stock over time.
Current vs Lagged Prices |
| Timeline |
Astrana Health Lagged Returns
When evaluating Astrana Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astrana Health stock have on its future price. Astrana Health 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, Astrana Health autocorrelation shows the relationship between Astrana Health stock current value and its past values and can show if there is a momentum factor associated with investing in Astrana Health.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Astrana Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Astrana Health'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 Astrana Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Astrana Health Stock:Check out Astrana Health Correlation, Astrana Health Volatility and Astrana Health Alpha and Beta module to complement your research on Astrana Health. For more detail on how to invest in Astrana Stock please use our How to Invest in Astrana Health guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Astrana Health 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.