Astra Stock Alpha and Beta Analysis

ASTR
 Stock
  

USD 1.61  0.12  6.94%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Astra Space. It also helps investors analyze the systematic and unsystematic risks associated with investing in Astra Space over a specified time horizon. Remember, high Astra Space's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please continue to Astra Space Backtesting, Astra Space Valuation, Astra Space Correlation, Astra Space Hype Analysis, Astra Space Volatility, Astra Space History and analyze Astra Space Performance.
  
Please note that although Astra Space alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Astra Space did 0.54  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Astra Space stock's relative risk over its benchmark. Astra Space has a beta of 1.90  . Let's try to break down what Astra'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, Astra Space will likely underperform.
Astra Space Book Value per Share is relatively stable at the moment as compared to the past year. Astra Space reported last year Book Value per Share of 2.69. As of 08/13/2022, Price to Book Value is likely to grow to 4.43, while Enterprise Value over EBITDA is likely to drop (6.12) .
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Astra Space Quarterly Book Value per Share

1.13

Astra Space Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Astra Space market risk premium is the additional return an investor will receive from holding Astra Space long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Astra Space. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Astra Space's performance over market.
α-0.54   β1.90
90 days against DJI

Astra Space expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Astra Space's Buy-and-hold return. Our buy-and-hold chart shows how Astra Space performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Astra Space Market Price Analysis

Market price analysis indicators help investors to evaluate how Astra Space stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Astra Space shares will generate the highest return on investment. By understating and applying Astra Space stock market price indicators, traders can identify Astra Space position entry and exit signals to maximize returns.

Astra Space Return and Market Media

The median price of Astra Space for the period between Sun, May 15, 2022 and Sat, Aug 13, 2022 is 1.55 with a coefficient of variation of 28.86. The daily time series for the period is distributed with a sample standard deviation of 0.52, arithmetic mean of 1.8, and mean deviation of 0.47. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Payment of 41751 shares by Lyon Benjamin of Astra Space subj...05/19/2022
2
Filing06/03/2022
3
Premarket Mover Astra Space Inc Up 3.24 percent - InvestorsO...06/10/2022
4
Financial Statements06/13/2022
5
Should You Buy Astra Space Inc in Aerospace Defense Industry...06/17/2022
6
Acquisition by Nelson Lisa of 58179 shares of Astra Space su...06/21/2022
7
Unclassified Event06/27/2022
8
EPS Estimate06/30/2022
9
These 2 growth stocks could be huge winners in the next deca...07/15/2022
10
Financial Statements07/22/2022
11
Financial Statements08/01/2022
12
Financial Statements08/02/2022
13
EPS Reported08/04/2022
14
As losses mount, Astra announces a radical pivot to a larger...08/05/2022
15
Purchase by Lehman Michael E of 100000 shares of Astra Space08/10/2022
16
Rocket Lab Stock Pops 20 percent on Record Q2 Revenue - Inve...08/12/2022

About Astra Space Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Astra Space has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Astra Space Upcoming Company Events

As portrayed in its financial statements, the presentation of Astra Space's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Astra Space's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Astra Space's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Astra Space. Please utilize our Beneish M Score to check the likelihood of Astra Space's management manipulating its earnings.
Upcoming Quarterly Report10th of February 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End10th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Please continue to Astra Space Backtesting, Astra Space Valuation, Astra Space Correlation, Astra Space Hype Analysis, Astra Space Volatility, Astra Space History and analyze Astra Space Performance. Note that the Astra Space information on this page should be used as a complementary analysis to other Astra Space's 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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Astra Space technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Astra Space technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Astra Space trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...