Astra Stock Market Value

ASTR
 Stock
  

USD 0.51  0.02  4.08%   

Astra Space's market value is the price at which a share of Astra Space stock trades on a public exchange. It measures the collective expectations of Astra Space investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Astra Space and determine expected loss or profit from investing in Astra Space over a given investment horizon. Please continue to Astra Space Correlation, Astra Space Volatility and Astra Space Alpha and Beta module to complement your research on Astra Space.
Symbol


Is Astra Space's industry 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 Astra Space. If investors know Astra 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 Astra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
132 M
Return On Assets
(0.45) 
Return On Equity
(1.52) 
The market value of Astra Space is measured differently than its book value, which is the value of Astra that is recorded on the company's balance sheet. Investors also form their own opinion of Astra Space's value that differs from its market value or its book value, called intrinsic value, which is Astra Space'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 Astra Space's market value can be influenced by many factors that don't directly affect Astra Space'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 Astra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine Astra Space value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astra Space'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.

Astra Space '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 Astra Space'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 Astra Space.
0.00
10/30/2022
No Change 0.00  0.0 
In 31 days
11/29/2022
0.00
If you would invest  0.00  in Astra Space on October 30, 2022 and sell it all today you would earn a total of 0.00 from holding Astra Space or generate 0.0% return on investment in Astra Space over 30 days. Astra Space is related to or competes with Lockheed Martin, Boeing, Northrop Grumman, and General Dynamics. Astra Space, Inc., a space launch company, designs, tests, manufactures, and operates launch services, and space product... More

Astra Space 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 Astra Space'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 Astra Space upside and downside potential and time the market with a certain degree of confidence.

Astra Space Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Astra Space's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astra Space's standard deviation. In reality, there are many statistical measures that can use Astra Space historical prices to predict the future Astra Space's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Astra Space'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. Please use the tools below to analyze the current value of Astra Space in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.526.18
Details
Intrinsic
Valuation
LowReal ValueHigh
0.163.138.79
Details
Naive
Forecast
LowNext ValueHigh
0.0093080.476.12
Details
2 Analysts
Consensus
LowTarget PriceHigh
9.0011.0013.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Astra Space. Your research has to be compared to or analyzed against Astra Space's peers to derive any actionable benefits. When done correctly, Astra Space's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Astra Space.

Astra Space Backtested Returns

Astra Space secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had -0.11% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Astra Space exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Astra Space risk adjusted performance of (0.22), and Mean Deviation of 4.26 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 2.2267, which signifies a somewhat significant risk relative to the market. Let's try to break down what Astra's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Astra Space will likely underperform. Even though it is essential to pay attention to Astra Space historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Astra Space exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Astra Space has an expected return of -0.65%. Please be advised to confirm Astra Space jensen alpha, potential upside, as well as the relationship between the Potential Upside and accumulation distribution to decide if Astra Space performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.23  

Weak predictability

Astra Space has weak predictability. Overlapping area represents the amount of predictability between Astra Space time series from 30th of October 2022 to 14th of November 2022 and 14th of November 2022 to 29th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Astra Space price movement. The serial correlation of 0.23 indicates that over 23.0% of current Astra Space price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test-0.01
Residual Average0.0
Price Variance0.0

Astra Space lagged returns against current returns

Autocorrelation, which is Astra Space 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 Astra Space's stock expected returns. We can calculate the autocorrelation of Astra Space returns to help us make a trade decision. For example, suppose you find that Astra Space stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Astra Space 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 Astra Space stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astra Space stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astra Space stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Astra Space Lagged Returns

When evaluating Astra Space's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astra Space stock have on its future price. Astra Space 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, Astra Space autocorrelation shows the relationship between Astra Space stock current value and its past values and can show if there is a momentum factor associated with investing in Astra Space.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Astra Space in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Astra Space's short interest history, or implied volatility extrapolated from Astra Space options trading.

Pair Trading with Astra Space

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 Astra Space 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 Astra Space will appreciate offsetting losses from the drop in the long position's value.

Moving together with Astra Space

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+0.63FFord Motor Potential GrowthPairCorr

Moving against Astra Space

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The ability to find closely correlated positions to Astra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra Space 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 Astra Space - 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 Astra Space to buy it.
The correlation of Astra Space is a statistical measure of how it moves in relation to other equities. 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 Astra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astra Space 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 Astra Space 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.
Pair CorrelationCorrelation Matching
Please continue to Astra Space Correlation, Astra Space Volatility and Astra Space Alpha and Beta module to complement your research on Astra Space. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running Astra Space price analysis, check to measure Astra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Astra Space is operating at the current time. Most of Astra Space's value examination focuses on studying past and present price action to predict the probability of Astra Space's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Astra Space's price. Additionally, you may evaluate how the addition of Astra Space to your portfolios can decrease your overall portfolio volatility.
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Astra Space 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.
A focus of Astra Space technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Astra Space trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...