Astronics Stock Forecast - Daily Balance Of Power
| ATRO Stock | USD 16.14 0.03 0.19% |
Astronics Stock Forecast is based on your current time horizon. Although Astronics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Astronics' systematic risk associated with finding meaningful patterns of Astronics fundamentals over time.
Astronics |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.0444 | 0.6667 |
| Check Astronics Volatility | Backtest Astronics | Trend Details |
Astronics Trading Date Momentum
| On December 26 2024 Astronics was traded for 16.14 at the closing time. The top price for the day was 16.17 and the lowest listed price was 15.88 . The trading volume for the day was 248.6 K. The trading history from December 26, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.19% . The overall trading delta against the current closing price is 0.43% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Astronics
For every potential investor in Astronics, whether a beginner or expert, Astronics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Astronics Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Astronics. Basic forecasting techniques help filter out the noise by identifying Astronics' price trends.Astronics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Astronics stock to make a market-neutral strategy. Peer analysis of Astronics could also be used in its relative valuation, which is a method of valuing Astronics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Astronics Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Astronics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Astronics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Astronics Market Strength Events
Market strength indicators help investors to evaluate how Astronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Astronics shares will generate the highest return on investment. By undertsting and applying Astronics stock market strength indicators, traders can identify Astronics entry and exit signals to maximize returns.
| Accumulation Distribution | 4459.2 | |||
| Daily Balance Of Power | 0.1034 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 16.03 | |||
| Day Typical Price | 16.06 | |||
| Price Action Indicator | 0.13 | |||
| Period Momentum Indicator | 0.03 |
Astronics Risk Indicators
The analysis of Astronics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Astronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting astronics stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.12 | |||
| Standard Deviation | 3.33 | |||
| Variance | 11.06 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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.Moving together with Astronics Stock
| 0.73 | GD | General Dynamics Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.69 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Astronics Stock
| 0.89 | ESLT | Elbit Systems | PairCorr |
| 0.84 | CAE | CAE Inc | PairCorr |
| 0.83 | PL | Planet Labs PBC | PairCorr |
| 0.78 | HWM | Howmet Aerospace | PairCorr |
| 0.71 | DRS | Leonardo DRS, Common | PairCorr |
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 to buy it.
The correlation of Astronics 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 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 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.Check out Historical Fundamental Analysis of Astronics to cross-verify your projections. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Aerospace & Defense space 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 (0.93) | Earnings Share (0.16) | Revenue Per Share 22.48 | Quarterly Revenue Growth 0.25 | Return On Assets 0.0218 |
The market value of Astronics 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 if Astronics is a good investment 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.