Astronics Tax Assets Trend from 2010 to 2022

ATRO
 Stock
  

USD 10.40  0.23  2.26%   

Astronics Tax Assets yearly trend continues to be quite stable with very little volatility. Tax Assets may rise above about 7.1 M this year. From the period between 2010 and 2022, Astronics, Tax Assets regression line of its data series had standard deviation of 1,313,417 and standard deviation of  1,313,417. Astronics Cost of Revenue is quite stable at the moment as compared to the past year. The company's current value of Cost of Revenue is estimated at 441.89 Million. Gross Profit is expected to rise to about 67.1 M this year, although the value of Direct Expenses will most likely fall to about 366.4 M.
  
Refresh
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 366.4 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 0.58 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 Quarterly Tax Assets

0.0

Share

Astronics Tax Assets Breakdown

Showing smoothed Tax Assets of Astronics Cp with missing and latest data points interpolated. A component of Total Assets representing tax assets and receivables.Astronics' Tax Assets 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.
Tax Assets10 Years Trend
Decreasing
Slightly volatile
 Tax Assets 
Share
      Timeline 

Astronics Tax Assets Regression Statistics

Arithmetic Mean 7,938,917
Geometric Mean 7,837,151
Coefficient Of Variation 16.54
Mean Deviation 876,802
Median 7,762,000
Standard Deviation 1,313,417
Range 4,955,000
R-Value(0.54)
R-Squared 0.29
Significance 0.06
Slope(180,972)

Astronics Tax Assets History

2012M
20135.3 M
20147.8 M
2021M
20227.1 M

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 Tax Assets, 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
Tax AssetsM7.1 M
Average Assets607 M636.3 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. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products. This segment serves airframe manufacturers that build aircraft for the commercial, military, and general aviation markets suppliers to OEMs and aircraft operators, such as airlines suppliers to the aircraft operators and branches of the U.S. Department of Defense. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense, and communications and mass transit industries and provides wireless communication testing for the civil land mobile radio market, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products. The company was incorporated in 1968 and is headquartered in East Aurora, New York.

Astronics Investors Sentiment

The influence of Astronics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Astronics. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Astronics Implied Volatility

    
  0.0  
Astronics' implied volatility exposes the market's sentiment of Astronics Cp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Astronics' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Astronics stock will not fluctuate a lot when Astronics' options are near their expiration.
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 Astronics 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, Astronics' short interest history, or implied volatility extrapolated from Astronics options trading.

Current Sentiment - ATRO

Astronics Cp Investor Sentiment

Most of Macroaxis users are presently bullish on Astronics Cp. What is your sentiment towards investing in Astronics Cp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Astronics Stock analysis

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.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
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.
Quarterly Earnings Growth YOY
-0.93
Market Capitalization
326.6 M
Quarterly Revenue Growth YOY
0.097
Return On Assets
-0.0305
Return On Equity
-0.0645
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.