Astronics Stock Market Value
| ATRO Stock | USD 17.22 0.08 0.47% |
| Symbol | Astronics |
Astronics 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 Astronics. If investors know Astronics 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 Astronics 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 (0.93) | Earnings Share (0.16) | Revenue Per Share 22.48 | Quarterly Revenue Growth 0.25 | Return On Assets 0.0218 |
The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' 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 Astronics' market value can be influenced by many factors that don't directly affect Astronics' 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 Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' 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.
Astronics '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 Astronics' 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 Astronics.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Astronics on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Astronics or generate 0.0% return on investment in Astronics over 30 days. Astronics is related to or competes with Ducommun Incorporated, Innovative Solutions, National Presto, Park Electrochemical, VSE, Curtiss Wright, and Cadre Holdings. Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and elect... More
Astronics 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 Astronics' 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 Astronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 22.57 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 4.07 |
Astronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astronics' standard deviation. In reality, there are many statistical measures that can use Astronics historical prices to predict the future Astronics' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.07) |
Astronics Backtested Returns
Astronics secures Sharpe Ratio (or Efficiency) of -0.078, which signifies that the company had a -0.078% return per unit of risk over the last 3 months. Astronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Astronics' Standard Deviation of 3.31, mean deviation of 2.17, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.36, 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, Astronics will likely underperform. At this point, Astronics has a negative expected return of -0.26%. Please make sure to confirm Astronics' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Astronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Astronics has weak predictability. Overlapping area represents the amount of predictability between Astronics time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Astronics price movement. The serial correlation of 0.24 indicates that over 24.0% of current Astronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Astronics lagged returns against current returns
Autocorrelation, which is Astronics 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 Astronics' stock expected returns. We can calculate the autocorrelation of Astronics returns to help us make a trade decision. For example, suppose you find that Astronics 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 |
Astronics 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 Astronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astronics stock over time.
Current vs Lagged Prices |
| Timeline |
Astronics Lagged Returns
When evaluating Astronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astronics stock have on its future price. Astronics 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, Astronics autocorrelation shows the relationship between Astronics stock current value and its past values and can show if there is a momentum factor associated with investing in Astronics.
Regressed Prices |
| Timeline |
Pair Trading with Astronics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astronics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Astronics Stock
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Astronics Stock
| 0.74 | ESLT | Elbit Systems | PairCorr |
| 0.69 | CAE | CAE Inc | PairCorr |
| 0.66 | ERJ | Embraer SA ADR | PairCorr |
| 0.64 | DRS | Leonardo DRS, Common | PairCorr |
| 0.57 | CW | Curtiss Wright | PairCorr |
The ability to find closely correlated positions to Astronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astronics to buy it.
The correlation of Astronics 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Astronics Correlation, Astronics Volatility and Astronics Alpha and Beta module to complement your research on Astronics. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Astronics 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.