Astrotech Corp Correlations

ASTC Stock

USD 7.10 0.35 4.70%

The current 90-days correlation between Astrotech Corp and SIFCO Industries is 0.13 (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 -0.01 (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

0.71	ST	Sensata Technologies	Pair Corr
0.78	WATT	Energous	Pair Corr
0.83	VPG	Vishay Precision	Pair Corr
0.74	LUNA	Luna Innovations	Pair Corr
0.68	SOBR	Sobr Safe Trending	Pair Corr
0.81	SVRE	SaverOne 2014	Pair Corr

Moving against Astrotech Stock

0.76	GNSS	Genasys Earnings Call This Week	Pair Corr
0.66	TDY	Teledyne Technologies Fiscal Year End 22nd of January 2025	Pair Corr
0.65	ITRI	Itron Inc	Pair Corr
0.64	ESE	ESCO Technologies	Pair Corr
0.51	VNT	Vontier Corp	Pair Corr
0.49	DYSL	Dynasil Of	Pair Corr
0.47	FARO	FARO Technologies	Pair Corr
0.42	GRMN	Garmin	Pair Corr
0.39	ELSE	Electro Sensors	Pair Corr
0.38	BMI	Badger Meter Fiscal Year End 24th of January 2025	Pair Corr
0.38	KEYS	Keysight Technologies	Pair Corr
0.65	COHR	Coherent	Pair Corr
0.63	TRMB	Trimble	Pair Corr
0.59	J	Jacobs Solutions	Pair Corr
0.54	R	Ryder System	Pair Corr
0.53	CPTN	Cepton Inc	Pair Corr
0.53	B	Barnes Group	Pair Corr
0.43	CPTNW	Cepton Inc	Pair Corr
0.43	SOTK	Sono Tek Corp	Pair Corr
0.42	G	Genpact Limited	Pair Corr
0.41	CGNX	Cognex	Pair Corr
0.38	AL	Air Lease	Pair Corr

Related Correlations Analysis

	CVU	TATT	SIF	PKE	KITT	ATRO	AJRD	CODA	MRCY
CVU		0.63	-0.45	0.42	-0.48	-0.42	-0.21	0.61	0.27	CVU
TATT	0.63		-0.64	0.8	-0.75	-0.77	-0.05	0.8	0.49	TATT
SIF	-0.45	-0.64		-0.7	0.64	0.7	0.4	-0.83	-0.26	SIF
PKE	0.42	0.8	-0.7		-0.64	-0.68	-0.21	0.85	0.5	PKE
KITT	-0.48	-0.75	0.64	-0.64		0.77	0.27	-0.75	-0.37	KITT
ATRO	-0.42	-0.77	0.7	-0.68	0.77		0.12	-0.7	-0.36	ATRO
AJRD	-0.21	-0.05	0.4	-0.21	0.27	0.12		-0.42	0.33	AJRD
CODA	0.61	0.8	-0.83	0.85	-0.75	-0.7	-0.42		0.32	CODA
MRCY	0.27	0.49	-0.26	0.5	-0.37	-0.36	0.33	0.32		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

CODA	+ 0.85	PKE
PKE	+ 0.8	TATT
CODA	+ 0.8	TATT
ATRO	+ 0.77	KITT
ATRO	+ 0.7	SIF
KITT	+ 0.64	SIF

High negative correlations

CODA	- 0.83	SIF
ATRO	- 0.77	TATT
CODA	- 0.75	KITT
KITT	- 0.75	TATT
CODA	- 0.7	ATRO
PKE	- 0.7	SIF

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	2.20	0.32	0.08	0.68	2.70	(2.53)	5.10	(3.51)	17.36
TATT	2.70	0.57	0.17	0.91	2.46	(2.98)	6.97	(4.75)	24.15
SIF	3.00	(0.13)	(0.03)	0.01	3.62	(3.84)	5.70	(5.22)	28.31
PKE	1.28	0.00	0.07	0.13	1.01	(1.66)	2.61	(2.02)	12.34
KITT	4.77	(0.47)	0.00	(0.33)	0.00	0.00	9.80	(9.65)	35.82
ATRO	2.31	(0.69)	0.00	(0.17)	0.00	0.00	3.60	(7.33)	22.57
AJRD	0.33	(0.02)	0.00	(0.27)	0.00	0.00	0.77	(0.63)	2.16
CODA	2.13	0.39	0.14	2.46	1.90	(2.69)	5.89	(3.10)	11.71
MRCY	1.74	(0.19)	0.04	0.06	1.70	(2.19)	2.83	(3.14)	29.10

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