Ascent Solar Technologies, Stock Price Transform Weighted Close Price
| ASTI Stock | USD 2.67 0.15 5.95% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of Ascent Solar Technol high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only Ascent Solar closing price as input.
Ascent Solar Technical Analysis Modules
Most technical analysis of Ascent Solar help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ascent from various momentum indicators to cycle indicators. When you analyze Ascent charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Ascent Solar Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ascent Solar Technologies,. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ascent Solar Technologies, based on widely used predictive technical indicators. In general, we focus on analyzing Ascent Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ascent Solar's daily price indicators and compare them against related drivers, such as price transform and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Ascent Solar's intrinsic value. In addition to deriving basic predictive indicators for Ascent Solar, we also check how macroeconomic factors affect Ascent Solar price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Dividend Yield | 0.009082 | 0.009537 | Price To Sales Ratio | 194.61 | 184.88 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ascent Solar'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.
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Ascent Solar Technol pair trading
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 Ascent Solar 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 Ascent Solar will appreciate offsetting losses from the drop in the long position's value.Ascent Solar Pair Trading
Ascent Solar Technologies, Pair Trading Analysis
The ability to find closely correlated positions to Ascent Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascent Solar 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 Ascent Solar - 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 Ascent Solar Technologies, to buy it.
The correlation of Ascent Solar 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 Ascent Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascent Solar Technol 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 Ascent Solar 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascent Solar Technologies,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Semiconductors & Semiconductor 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 Ascent Solar. If investors know Ascent 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 Ascent Solar 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 (0.90) | Earnings Share 2.2 K | Revenue Per Share 1.79 | Quarterly Revenue Growth (0.73) | Return On Assets (0.49) |
The market value of Ascent Solar Technol is measured differently than its book value, which is the value of Ascent that is recorded on the company's balance sheet. Investors also form their own opinion of Ascent Solar's value that differs from its market value or its book value, called intrinsic value, which is Ascent Solar'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 Ascent Solar's market value can be influenced by many factors that don't directly affect Ascent Solar'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 Ascent Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ascent Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ascent Solar'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.