Astrotech Stock Volatility

ASTC
 Stock
  

USD 0.49  0.01  2.08%   

Astrotech Corp secures Sharpe Ratio (or Efficiency) of -0.0302, which signifies that the company had -0.0302% 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. Astrotech Corp exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Astrotech Corp mean deviation of 2.13, and Risk Adjusted Performance of (0.004405) to double-check the risk estimate we provide.
  
Astrotech Corp Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Astrotech daily returns, and it is calculated using variance and standard deviation. We also use Astrotech's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Astrotech Corp volatility.

720 Days Market Risk

Very risky

Chance of Distress

720 Days Economic Sensitivity

Follows the market closely
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Astrotech Corp can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Astrotech Corp at lower prices. For example, an investor can purchase Astrotech stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Astrotech Corp's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with Astrotech Corp

0.85AIRAAR CorpPairCorr

Astrotech Corp Market Sensitivity And Downside Risk

Astrotech Corp's beta coefficient measures the volatility of Astrotech stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Astrotech stock's returns against your selected market. In other words, Astrotech Corp's beta of 0.62 provides an investor with an approximation of how much risk Astrotech Corp stock can potentially add to one of your existing portfolios.
Astrotech Corp exhibits very low volatility with skewness of -0.25 and kurtosis of -0.16. However, we advise investors to further study Astrotech Corp technical indicators to make sure all market info is available and is reliable. Astrotech Corp is a potential penny stock. Although Astrotech Corp may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Astrotech Corp. We encourage investors to look for the signals such us email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Astrotech instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of an artificial hype usually unable to maintain its increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Astrotech Corp Demand Trend
Check current 90 days Astrotech Corp correlation with market (DOW)

Astrotech Beta

    
  0.62  
Astrotech standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  2.82  
It is essential to understand the difference between upside risk (as represented by Astrotech Corp's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Astrotech Corp stock's daily returns or price. Since the actual investment returns on holding a position in Astrotech Corp stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Astrotech Corp.

Astrotech Corp Stock Volatility Analysis

Volatility refers to the frequency at which Astrotech Corp stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Astrotech Corp's price changes. Investors will then calculate the volatility of Astrotech Corp's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Astrotech Corp's volatility:

Historical Volatility

This type of stock volatility measures Astrotech Corp's fluctuations based on previous trends. It's commonly used to predict Astrotech Corp's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Astrotech Corp's current market price. This means that the stock will return to its initially predicted market price.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Astrotech Corp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
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Astrotech Corp Projected Return Density Against Market

Given the investment horizon of 90 days Astrotech Corp has a beta of 0.622 . This suggests as returns on the market go up, Astrotech Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Astrotech Corp will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Astrotech Corp or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Astrotech Corp stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Astrotech stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Astrotech Corp is significantly underperforming DOW.
   Predicted Return Density   
       Returns  
Astrotech Corp's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how Astrotech Corp stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives an Astrotech Corp Price Volatility?

Several factors can influence a Stock's stock volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Astrotech Corp Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Astrotech Corp or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Astrotech Corp stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Astrotech stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Given the investment horizon of 90 days the coefficient of variation of Astrotech Corp is -3312.86. The daily returns are distributed with a variance of 7.95 and standard deviation of 2.82. The mean deviation of Astrotech Corp is currently at 2.13. For similar time horizon, the selected benchmark (DOW) has volatility of 1.25
α
Alpha over DOW
-0.08
β
Beta against DOW0.62
σ
Overall volatility
2.82
Ir
Information ratio -0.04

Astrotech Corp Stock Return Volatility

Astrotech Corp historical daily return volatility represents how much Astrotech Corp stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company inherits 2.8197% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 1.2516% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
       Timeline  

About Astrotech Corp Volatility

Volatility is a rate at which the price of Astrotech Corp or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Astrotech Corp may increase or decrease. In other words, similar to Astrotech's beta indicator, it measures the risk of Astrotech Corp and helps estimate the fluctuations that may happen in a short period of time. So if prices of Astrotech Corp fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Last ReportedProjected for 2022
Market Capitalization75.7 M81.7 M
Astrotech Corporation operates as a science and technology development and commercialization company worldwide. Astrotech Corporation was incorporated in 1984 is based in Austin, Texas. Astrotech Corp operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 12 people.

Astrotech Corp Investment Opportunity

Astrotech Corp has a volatility of 2.82 and is 2.26 times more volatile than DOW. 24  of all equities and portfolios are less risky than Astrotech Corp. Compared to the overall equity markets, volatility of historical daily returns of Astrotech Corp is lower than 24 () of all global equities and portfolios over the last 90 days.
Use Astrotech Corp to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of Astrotech Corp to be traded at $0.588 in 90 days. .

Modest diversification

The correlation between Astrotech Corp and DJI is Modest diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astrotech Corp and DJI in the same portfolio, assuming nothing else is changed.

Astrotech Corp Additional Risk Indicators

The analysis of Astrotech Corp's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Astrotech Corp's investment and either accepting that risk or mitigating it. Along with some common measures of Astrotech Corp stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.004405)
Market Risk Adjusted Performance(0.04217)
Mean Deviation2.13
Coefficient Of Variation(12,561)
Standard Deviation2.82
Variance7.95
Information Ratio(0.036806)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Astrotech Corp Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Astrotech Corp as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Astrotech Corp's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Astrotech Corp's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Astrotech Corp.
Please continue to Trending Equities. Note that the Astrotech Corp information on this page should be used as a complementary analysis to other Astrotech Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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