Astronics Return on Average Equity Trend from 2010 to 2022

ATRO -  USA Stock  

USD 10.15  0.36  3.43%

Astronics Return on Average Equity yearly trend continues to be quite stable with very little volatility. The value of Return on Average Equity is projected to decrease to -0.1. From the period between 2010 and 2022, Astronics, Return on Average Equity regression line of its data series had sample variance of 0.036394 and sample variance of  0.036394. Astronics Weighted Average Shares Diluted is quite stable at the moment as compared to the past year. The company's current value of Weighted Average Shares Diluted is estimated at 28.12 Million.
  
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Check Astronics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Astronics main balance sheet or income statement drivers, such as Direct Expenses of 359.4 M, Cost of Revenue of 441.9 M or Gross Profit of 67.1 M, as well as many exotic indicators such as Interest Coverage of 0.33, Long Term Debt to Equity of 0.55 or Calculated Tax Rate of 29.46. Astronics financial statements analysis is a perfect complement when working with Astronics Valuation or Volatility modules. It can also supplement various Astronics Technical models. Please continue to the analysis of Astronics Correlation against competitors.

Astronics Return on Average Equity Breakdown

Showing smoothed Return on Average Equity of Astronics Cp with missing and latest data points interpolated. Return on equity measures a corporation's profitability by calculating the amount of Net Income Common Stock returned as a percentage of [EquityAvg].Astronics' Return on Average Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Astronics' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported (9.71) %10 Years Trend
Decreasing
Slightly volatile
 Return on Average Equity 
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      Timeline 

Astronics Return on Average Equity Regression Statistics

Arithmetic Mean 0.09
Coefficient Of Variation 203.05
Mean Deviation 0.14
Median 0.15
Standard Deviation 0.19
Sample Variance 0.036394
Range 0.67
R-Value(0.75)
Mean Square Error 0.017248
R-Squared 0.57
Significance 0.003025
Slope(0.03684)
Total Sum of Squares 0.44

Astronics Return on Average Equity History

2012  0.19 
2013  0.18 
2014  0.28 
2015  0.25 
2016  0.15 
2017  0.06 
2018  0.13 
2019  0.12 
2020 (0.40) 
2021 (0.10) 

About Astronics Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Astronics income statement, its balance sheet, and the statement of cash flows. Astronics investors use historical funamental indicators, such as Astronics's Return on Average Equity, to determine how well the company is positioned to perform in the future. Although Astronics investors may use each financial statement separately, they are all related. The changes in Astronics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Astronics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Astronics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Astronics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Equity(0.10) (0.10) 
Average Assets607 M636.3 M
Average Equity255.9 M284.2 M
Invested Capital Average507.5 M511.5 M
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company was incorporated in 1968 and is headquartered in East Aurora, New York. Astronics operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 2100 people.

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Our tools can tell you how much better you can do entering a position in Astronics without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.

Astronics Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Cp to buy it.
The correlation of Astronics 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 Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics Cp 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.
Pair CorrelationCorrelation Matching
Please continue to the analysis of Astronics Correlation against competitors. Note that the Astronics Cp information on this page should be used as a complementary analysis to other Astronics' 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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When running Astronics Cp price analysis, check to measure Astronics' 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 Astronics is operating at the current time. Most of Astronics' value examination focuses on studying past and present price action to predict the probability of Astronics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Astronics' price. Additionally, you may evaluate how the addition of Astronics to your portfolios can decrease your overall portfolio volatility.
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Is Astronics' 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 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.
The market value of Astronics Cp 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 Astronics value 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.