Astrotech Corp Correlations

ASTC Stock

USD 6.54 0.11 1.71%

The current 90-days correlation between Astrotech Corp and SIFCO Industries is 0.19 (i.e., Average diversification). The correlation of Astrotech Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Astrotech Corp Correlation With Market

Good diversification

The correlation between Astrotech Corp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astrotech Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astrotech Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Astrotech Stock refer to our How to Trade Astrotech Stock guide.

Moving together with Astrotech Stock

0.73	ITRI	Itron Inc Tech Boost	Pair Corr
0.72	NOVT	Novanta	Pair Corr
0.66	SOTK	Sono Tek Corp	Pair Corr
0.61	SVRE	SaverOne 2014 Trending	Pair Corr
0.61	COHR	Coherent	Pair Corr
0.67	BV	BrightView Holdings	Pair Corr
0.66	BW	Babcock Wilcox Enter	Pair Corr

Moving against Astrotech Stock

0.67	MIND	Mind Technology	Pair Corr
0.64	ITRN	Ituran Location	Pair Corr
0.58	WRAP	Wrap Technologies Tech Boost	Pair Corr
0.51	MVIS	Microvision	Pair Corr
0.47	BKSY	Blacksky Technology	Pair Corr
0.4	VPG	Vishay Precision	Pair Corr
0.38	FCUV	Focus Universal	Pair Corr
0.38	GRMN	Garmin	Pair Corr
0.35	FARO	FARO Technologies Tech Boost	Pair Corr
0.34	FTV	Fortive Corp Sell-off Trend	Pair Corr
0.31	TDY	Teledyne Technologies Tech Boost	Pair Corr
0.6	BA	Boeing	Pair Corr
0.59	EH	Ehang Holdings	Pair Corr
0.52	LZ	LegalZoom	Pair Corr
0.48	GE	GE Aerospace	Pair Corr
0.46	MG	Mistras Group Earnings Call This Week	Pair Corr
0.44	PL	Planet Labs PBC	Pair Corr
0.37	DE	Deere Company	Pair Corr
0.32	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	CVU	TATT	SIF	PKE	KITT	ATRO	AJRD	CODA	MRCY
CVU		0.8	-0.06	0.01	0.46	0.17	0.0	-0.3	0.46	CVU
TATT	0.8		-0.15	-0.16	0.26	0.35	0.0	-0.61	0.43	TATT
SIF	-0.06	-0.15		0.66	-0.05	-0.46	0.0	0.62	-0.35	SIF
PKE	0.01	-0.16	0.66		-0.18	-0.41	0.0	0.63	-0.38	PKE
KITT	0.46	0.26	-0.05	-0.18		-0.23	0.0	-0.1	0.34	KITT
ATRO	0.17	0.35	-0.46	-0.41	-0.23		0.0	-0.5	0.58	ATRO
AJRD	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AJRD
CODA	-0.3	-0.61	0.62	0.63	-0.1	-0.5	0.0		-0.46	CODA
MRCY	0.46	0.43	-0.35	-0.38	0.34	0.58	0.0	-0.46		MRCY
	CVU	TATT	SIF	PKE	KITT	ATRO	AJRD	CODA	MRCY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TATT	+ 0.8	CVU
PKE	+ 0.66	SIF
CODA	+ 0.63	PKE
CODA	+ 0.62	SIF
MRCY	+ 0.58	ATRO
KITT	+ 0.46	CVU

High negative correlations

CODA	- 0.61	TATT
CODA	- 0.5	ATRO
MRCY	- 0.46	CODA
ATRO	- 0.46	SIF
ATRO	- 0.41	PKE
MRCY	- 0.38	PKE

Risk-Adjusted Indicators

There is a big difference between Astrotech Stock performing well and Astrotech Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Astrotech Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CVU	2.74	0.11	0.04	0.33	2.87	(3.46)	6.42	(5.47)	22.57
TATT	2.64	0.35	0.11	0.54	3.09	(2.90)	5.79	(4.48)	21.96
SIF	2.53	(0.19)	0.00	0.52	0.00	0.00	3.35	(4.74)	28.96
PKE	1.33	(0.09)	0.00	(0.13)	0.00	0.00	2.20	(2.98)	7.97
KITT	11.55	1.69	0.13	0.41	11.17	(16.23)	27.89	(26.54)	171.79
ATRO	1.43	0.26	0.11	1.04	2.10	(1.60)	3.39	(1.45)	13.34
AJRD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CODA	1.70	(0.30)	0.00	(5.29)	0.00	0.00	4.42	(3.84)	13.34
MRCY	1.86	0.19	0.10	(0.58)	2.06	(2.07)	3.22	(3.77)	23.60

Astrotech Corp Corporate Management

Joe Levinthal	Chief Inc	Profile
Jaime Hinojosa	Treasurer CFO	Profile
Thomas III	Chairman CEO	Profile
Ryan Polk	Interim Officer	Profile

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