Astronova Stock Market Value
| ALOT Stock | USD 12.80 0.48 3.90% |
| Symbol | AstroNova |
AstroNova Price To Book Ratio
Is Technology Hardware, Storage & Peripherals 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 AstroNova. If investors know AstroNova 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 AstroNova 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 0.364 | Earnings Share 0.84 | Revenue Per Share | Quarterly Revenue Growth 0.141 | Return On Assets |
The market value of AstroNova is measured differently than its book value, which is the value of AstroNova that is recorded on the company's balance sheet. Investors also form their own opinion of AstroNova's value that differs from its market value or its book value, called intrinsic value, which is AstroNova's 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 AstroNova's market value can be influenced by many factors that don't directly affect AstroNova's 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 AstroNova's value and its price as these two are different measures arrived at by different means. Investors typically determine if AstroNova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AstroNova's 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.
AstroNova 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to AstroNova's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of AstroNova.
| 10/26/2024 |
| 01/24/2025 |
If you would invest 0.00 in AstroNova on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding AstroNova or generate 0.0% return on investment in AstroNova over 90 days. AstroNova is related to or competes with Key Tronic, Identiv, Red Cat, TransAct Technologies, AGM Group, and Quantum. AstroNova, Inc. designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis s... More
AstroNova Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AstroNova's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AstroNova upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.2 | |||
| Value At Risk | (4.70) | |||
| Potential Upside | 4.43 |
AstroNova Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AstroNova's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AstroNova's standard deviation. In reality, there are many statistical measures that can use AstroNova historical prices to predict the future AstroNova's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.15) |
AstroNova Backtested Returns
AstroNova secures Sharpe Ratio (or Efficiency) of -0.0445, which signifies that the company had a -0.0445 % return per unit of risk over the last 3 months. AstroNova exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AstroNova's Risk Adjusted Performance of (0.03), mean deviation of 2.18, and Standard Deviation of 2.86 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AstroNova's returns are expected to increase less than the market. However, during the bear market, the loss of holding AstroNova is expected to be smaller as well. At this point, AstroNova has a negative expected return of -0.13%. Please make sure to confirm AstroNova's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if AstroNova performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
AstroNova has good reverse predictability. Overlapping area represents the amount of predictability between AstroNova time series from 26th of October 2024 to 10th of December 2024 and 10th of December 2024 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AstroNova price movement. The serial correlation of -0.51 indicates that about 51.0% of current AstroNova price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
AstroNova lagged returns against current returns
Autocorrelation, which is AstroNova stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting AstroNova's stock expected returns. We can calculate the autocorrelation of AstroNova returns to help us make a trade decision. For example, suppose you find that AstroNova has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
AstroNova regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If AstroNova stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AstroNova stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AstroNova stock over time.
Current vs Lagged Prices |
| Timeline |
AstroNova Lagged Returns
When evaluating AstroNova's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AstroNova stock have on its future price. AstroNova autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, AstroNova autocorrelation shows the relationship between AstroNova stock current value and its past values and can show if there is a momentum factor associated with investing in AstroNova.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for AstroNova Stock Analysis
When running AstroNova's price analysis, check to measure AstroNova's 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 AstroNova is operating at the current time. Most of AstroNova's value examination focuses on studying past and present price action to predict the probability of AstroNova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AstroNova's price. Additionally, you may evaluate how the addition of AstroNova to your portfolios can decrease your overall portfolio volatility.