Astra Stock Volatility

ASTR
 Stock
  

USD 0.50  0.04  7.41%   

Astra Space secures Sharpe Ratio (or Efficiency) of -0.0986, which signifies that the company had -0.0986% 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-one 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 (0.15), and Mean Deviation of 4.4 to double-check the risk estimate we provide.
  
Astra Space 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 Astra daily returns, and it is calculated using variance and standard deviation. We also use Astra's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Astra Space volatility.

30 Days Market Risk

Very risky

Chance of Distress

Below Average

30 Days Economic Sensitivity

Hyperactively responds to market trends
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Astra Space 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 Astra Space at lower prices. For example, an investor can purchase Astra 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 Astra Space'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 Astra Space

+0.86AZA2Z Smart TechnologiesPairCorr

Moving against Astra Space

-0.71CVUCPI AerostructuresPairCorr
-0.62CWCurtiss-WrightPairCorr
-0.56AXONAxovant SciencesPairCorr
-0.51BWXTBWX TechnologiesPairCorr

Astra Space Market Sensitivity And Downside Risk

Astra Space's beta coefficient measures the volatility of Astra 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 Astra stock's returns against your selected market. In other words, Astra Space's beta of 2.28 provides an investor with an approximation of how much risk Astra Space stock can potentially add to one of your existing portfolios.
Astra Space exhibits very low volatility with skewness of 0.07 and kurtosis of 0.64. However, we advise investors to further study Astra Space technical indicators to ensure that all market info is available and is reliable. Astra Space is a potential penny stock. Although Astra Space 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 Astra Space. We encourage investors to look for signals such as 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 Astra instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their 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 Astra Space Demand Trend
Check current 90 days Astra Space correlation with market (NYSE Composite)

Astra Beta

    
  2.28  
Astra 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

    
  5.75  
It is essential to understand the difference between upside risk (as represented by Astra Space's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Astra Space's daily returns or price. Since the actual investment returns on holding a position in astra 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 Astra Space.

Using Astra Put Option to Manage Risk

Put options written on Astra Space grant holders of the option the right to sell a specified amount of Astra Space at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Astra Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Astra Space's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding Astra Space will be realized, the loss incurred will be offset by the profits made with the option trade.

Astra Space's PUT expiring on 2022-12-16

   Profit   
Share
       Astra Space Price At Expiration  

Current Astra Space Insurance Chain

DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Put
2022-12-16 PUT at $5.0-0.64790.413512022-12-164.3 - 4.94.44View
Put
2022-12-16 PUT at $2.5-0.76370.5088232022-12-161.55 - 2.052.0View
View All Astra Space Options

Astra Space Stock Volatility Analysis

Volatility refers to the frequency at which Astra Space stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Astra Space's price changes. Investors will then calculate the volatility of Astra Space'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 Astra Space's volatility:

Historical Volatility

This type of stock volatility measures Astra Space's fluctuations based on previous trends. It's commonly used to predict Astra Space'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 Astra Space's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Astra Space's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Astra Space 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.
.

Astra Space Projected Return Density Against Market

Given the investment horizon of 90 days the stock has the beta coefficient of 2.2831 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Astra Space will likely underperform.
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 Astra Space 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 Astra Space'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 Astra 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. Astra Space is significantly underperforming NYSE Composite.
   Predicted Return Density   
       Returns  
Astra Space's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how astra 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 Astra Space 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.

Astra Space 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 Astra Space 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 Astra Space'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 Astra 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 Astra Space is -1014.03. The daily returns are distributed with a variance of 33.1 and standard deviation of 5.75. The mean deviation of Astra Space is currently at 4.47. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 1.49
α
Alpha over NYSE Composite
-0.76
β
Beta against NYSE Composite2.28
σ
Overall volatility
5.75
Ir
Information ratio -0.12

Astra Space Stock Return Volatility

Astra Space historical daily return volatility represents how much of Astra Space stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The enterprise inherits 5.7537% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 1.5144% volatility on return distribution over the 90 days horizon.
 Performance (%) 
       Timeline  

About Astra Space Volatility

Volatility is a rate at which the price of Astra Space 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 Astra Space may increase or decrease. In other words, similar to Astra's beta indicator, it measures the risk of Astra Space and helps estimate the fluctuations that may happen in a short period of time. So if prices of Astra Space 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.
Astra Space, Inc., a space launch company, designs, tests, manufactures, and operates launch services, and space products and services. The company was founded in 2016 and is headquartered in Alameda, California. Astra Space operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 324 people.

Astra Space Investment Opportunity

Astra Space has a volatility of 5.75 and is 3.81 times more volatile than NYSE Composite. 49  of all equities and portfolios are less risky than Astra Space. Compared to the overall equity markets, volatility of historical daily returns of Astra Space is lower than 49 () of all global equities and portfolios over the last 90 days. Use Astra Space to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The stock experiences a very speculative upward sentiment. Check odds of Astra Space to be traded at $0.475 in 90 days.

Poor diversification

The correlation between Astra Space and NYA is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astra Space and NYA in the same portfolio, assuming nothing else is changed.

Astra Space Additional Risk Indicators

The analysis of Astra Space'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 Astra Space's investment and either accepting that risk or mitigating it. Along with some common measures of Astra Space stock's 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Astra Space 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.
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 Astra Space 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. Astra Space'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, Astra Space'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 Astra Space.
Please continue to Trending Equities. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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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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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
133.7 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.