Aurora Innovation Correlations

AUROW Stock

USD 0.93 0.04 4.12%

The current 90-days correlation between Aurora Innovation and Prospector Capital Equity is 0.17 (i.e., Average diversification). The correlation of Aurora Innovation 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aurora Innovation Correlation With Market

Very weak diversification

The correlation between Aurora Innovation and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Innovation 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 Aurora Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Aurora Stock please use our How to Invest in Aurora Innovation guide.

Moving together with Aurora Stock

0.78	FI	Fiserv, Sell-off Trend	Pair Corr
0.71	IT	Gartner	Pair Corr
0.61	DMRC	Digimarc	Pair Corr
0.75	VNET	VNET Group DRC Trending	Pair Corr
0.77	WEBB	Web Global Holdings	Pair Corr
0.75	ACN	Accenture plc	Pair Corr
0.96	AUR	Aurora Innovation	Pair Corr
0.84	FIS	Fidelity National	Pair Corr
0.81	GDS	GDS Holdings	Pair Corr
0.61	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.71	PSN	Parsons Corp	Pair Corr
0.67	WIT	Wipro Limited ADR	Pair Corr
0.72	JKHY	Jack Henry Associates	Pair Corr

Moving against Aurora Stock

0.84	GMM	Global Mofy Metaverse	Pair Corr
0.39	III	Information Services	Pair Corr
0.86	WNS	WNS Holdings	Pair Corr
0.56	NOTE	FiscalNote Holdings	Pair Corr
0.56	PSCO	ProtoSource	Pair Corr
0.52	NTRP	NextTrip Symbol Change	Pair Corr
0.44	INFY	Infosys Ltd ADR Sell-off Trend	Pair Corr
0.38	XRX	Xerox Corp	Pair Corr
0.31	NABL	N Able Inc	Pair Corr

Related Correlations Analysis

	PRSRW	AUR	EQRXW	EMBKW	VCXAW
PRSRW		0.57	0.42	-0.68	-0.45	PRSRW
AUR	0.57		0.25	-0.57	-0.64	AUR
EQRXW	0.42	0.25		-0.56	-0.48	EQRXW
EMBKW	-0.68	-0.57	-0.56		0.62	EMBKW
VCXAW	-0.45	-0.64	-0.48	0.62		VCXAW
	PRSRW	AUR	EQRXW	EMBKW	VCXAW

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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

VCXAW	+ 0.62	EMBKW
AUR	+ 0.57	PRSRW
EQRXW	+ 0.42	PRSRW
EQRXW	+ 0.25	AUR

High negative correlations

EMBKW	- 0.68	PRSRW
VCXAW	- 0.64	AUR
EMBKW	- 0.57	AUR
EMBKW	- 0.56	EQRXW
VCXAW	- 0.48	EQRXW
VCXAW	- 0.45	PRSRW

Risk-Adjusted Indicators

There is a big difference between Aurora Stock performing well and Aurora Innovation 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 Aurora Innovation'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
PRSRW	14.03	2.84	0.18	(1.21)	11.98	(19.05)	26.21	(21.50)	168.57
AUR	4.99	0.64	0.15	0.25	5.33	(5.95)	13.25	(7.25)	45.46
EQRXW	8.29	1.11	0.06	(0.95)	9.24	(15.43)	26.67	(21.05)	71.66
EMBKW	8.68	(0.07)	0.00	0.20	0.00	0.00	17.65	(15.50)	62.38
VCXAW	6.12	(0.46)	0.00	(0.31)	0.00	0.00	14.64	(15.15)	62.13

Aurora Innovation Corporate Management

Gerardo Interiano	Vice Affairs	Profile
David Maday	Chief Officer	Profile
Sandor Barna	Senior Hardware	Profile
Yanbing Li	Senior Engineering	Profile
Nolan Shenai	Secretary Counsel	Profile
Stacy CFA	Vice Relations	Profile

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