Is Astronics (NASDAQ:ATRO) a new disruptor?

ATRO
 Stock
  

USD 8.33  0.29  3.36%   

It seems Astronics may not recover as fast as we have hopped for as its price went down 0.17% today. Astronics Cp current daily volatility is 2.73 percent, with a beta of 0.81 and an alpha of 0.29 over DOW. As many millenniums are excited about the latest volatility, it is fair to outline Astronics Cp based on its historical price patterns. We will analyze why it could be a much better year for Astronics shareholders.
Published over a month ago
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Astronics Cp currently holds roughly 24.02 M in cash with 1.65 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.75.
Astronics has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.8128, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Astronics's beta means in this case. As returns on the market increase, Astronics returns are expected to increase less than the market. However, during the bear market, the loss on holding Astronics will be expected to be smaller as well. Although it is important to respect Astronics Cp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Astronics Cp technical indicators, you can presently evaluate if the expected return of 0.18% will be sustainable into the future. Astronics Cp right now shows a risk of 2.73%. Please confirm Astronics Cp value at risk, as well as the relationship between the skewness and day median price to decide if Astronics Cp will be following its price patterns.
Investing in Astronics, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Astronics along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Astronics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Astronics in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Astronics. Your research has to be compared to or analyzed against Astronics' peers to derive any actionable benefits. When done correctly, Astronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Astronics Cp.

How important is Astronics's Liquidity

Astronics financial leverage refers to using borrowed capital as a funding source to finance Astronics Cp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Astronics financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Astronics's total debt and its cash.

How does Astronics utilize its cash?

To perform a cash flow analysis of Astronics, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Astronics is receiving and how much cash it distributes out in a given period. The Astronics cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Astronics Correlation with Peers

Investors in Astronics can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Astronics Cp. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Astronics and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Astronics is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of Astronics for more details

Astronics exotic insider transaction detected

Legal trades by Astronics insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Astronics insider trading alert for general transaction of option by Warren Johnson, the corporate stakeholder, on 19th of September 2022. This event was filed by Astronics Corp with SEC on 2022-09-19. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

A Deeper Perspective

We consider Astronics not too volatile. Astronics Cp secures Sharpe Ratio (or Efficiency) of 0.0668, which signifies that the company had 0.0668% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Astronics Cp, which you can use to evaluate the future volatility of the firm. Please confirm Astronics Cp Risk Adjusted Performance of 0.1259, downside deviation of 2.94, and Mean Deviation of 2.36 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%.
DCO
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0.370.810.05-0.44
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0.370.21-0.650.12
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0.810.210.32-0.41
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0.05-0.650.32-0.38
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-0.440.12-0.41-0.38
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Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Astronics has 90 percent likelihood to slide below $11.27 in September

The jensen alpha is down to 0.29 as of today.
As of the 10th of August, Astronics shows the Mean Deviation of 2.36, downside deviation of 2.94, and Risk Adjusted Performance of 0.1259. Astronics Cp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Astronics Cp, which can be compared to its rivals. Please confirm Astronics Cp variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Astronics Cp is priced correctly, providing market reflects its regular price of 11.5 per share. Given that Astronics has jensen alpha of 0.2904, we suggest you to validate Astronics Cp's prevailing market performance to make sure the company can sustain itself at a future point.

Our Final Take On Astronics

Whereas other companies in the aerospace & defense industry are either recovering or due for a correction, Astronics may not be as strong as the others in terms of longer-term growth potentials. While some institutional investors may not share our view, we believe it may be a good time to increase your existing holdings in Astronics. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Astronics.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Astronics Cp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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