Astronics Beta

ATRO
 Stock
  

USD 10.40  0.23  2.26%   

Astronics Cp fundamentals help investors to digest information that contributes to Astronics' financial success or failures. It also enables traders to predict the movement of Astronics Stock. The fundamental analysis module provides a way to measure Astronics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Astronics stock. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
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Astronics Beta Analysis

Astronics' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2019 2020 2021 2022 (projected)
Enterprise Value1.02 B568.38 M551.87 M831.7 M
Average Equity438.9 M291.6 M255.85 M284.21 M
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current Astronics Beta

    
  1.76  
Most of Astronics' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Astronics Cp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Astronics Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Astronics is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Beta. Since Astronics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Astronics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Astronics' interrelated accounts and indicators.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare to competition

In accordance with the recently published financial statements, Astronics Cp has a Beta of 1.76. This is 28.47% higher than that of the Industrials sector and 89.25% higher than that of the Aerospace & Defense industry. The beta for all United States stocks is notably lower than that of the firm.

Astronics Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Astronics' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Astronics could also be used in its relative valuation, which is a method of valuing Astronics by comparing valuation metrics of similar companies.
Astronics is currently under evaluation in beta category among related companies.

Astronics Current Valuation Drivers

We derive many important indicators used in calculating different scores of Astronics from analyzing Astronics' financial statements. These drivers represent accounts that assess Astronics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Astronics' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee7.87 K17.33 K18.58 K(52.48 K)(12.18 K)(12.5 K)
Revenue Per Employee249.79 K297.5 K275.96 K227.82 K211.86 K216.84 K
Average Assets651.92 M770.67 M777.12 M691.44 M606.97 M636.3 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA57.42 M97.02 M111.7 M(69.31 M)14.05 M14.42 M
Earnings Before Interest Taxes and Depreciation Amortization USD57.42 M97.02 M111.7 M(69.31 M)14.05 M14.42 M
Earnings before Tax24.99 M52.28 M68.3 M(112.41 M)(26.96 M)(27.67 M)
Average Equity340.27 M361.35 M438.9 M291.6 M255.85 M284.21 M
Enterprise Value1.32 B1.24 B1.02 B568.38 M551.87 M831.7 M
Free Cash Flow24.3 M38.56 M30.61 M29.88 M(11.56 M)(11.87 M)
Invested Capital607.78 M605.57 M571.69 M512.06 M489.96 M505.43 M
Invested Capital Average507.42 M630.59 M525.68 M566.01 M507.52 M511.47 M
Market Capitalization1.16 B983.99 M862.9 M407.49 M377.52 M530.92 M
Tangible Asset Value456.82 M516.3 M510.45 M451.58 M456.54 M458.23 M
Working Capital212.44 M246.08 M222.44 M223.21 M221.25 M212.29 M

Astronics Institutional Holders

Institutional Holdings refers to the ownership stake in Astronics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Astronics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Astronics' value.
Security TypeSharesValue
Next Century Growth Investors LlcCommon Shares2.2 M28.3 M
Blackrock IncCommon Shares2.1 M27.4 M
Royce Associates LpCommon Shares1.6 M20.7 M
Bares Capital Management IncCommon Shares1.5 M18.9 M
325 Capital LlcCommon Shares1.4 M18 M
Vanguard Group IncCommon Shares1.1 M14.2 M
Dimensional Fund Advisors LpCommon Shares727.7 K9.4 M
Let's try to break down what Astronics'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, Astronics will likely underperform.

Astronics Fundamentals

About Astronics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Astronics Cp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astronics Cp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

Be your own money manager

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 Astronics Piotroski F Score and Astronics Altman Z Score analysis. 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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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.
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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.