Aura Net Invested Capital from 2010 to 2024
| ORA Stock | CAD 17.80 0.31 1.77% |
Net Invested Capital | First Reported 2010-12-31 | Previous Quarter 565.5 M | Current Value 357.6 M | Quarterly Volatility 153.1 M |
Check Aura Minerals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aura Minerals' main balance sheet or income statement drivers, such as Interest Expense of 20.6 M, Other Operating Expenses of 351.6 M or Operating Income of 91.4 M, as well as many indicators such as Price To Sales Ratio of 1.14, Dividend Yield of 0.0496 or PTB Ratio of 1.7. Aura financial statements analysis is a perfect complement when working with Aura Minerals Valuation or Volatility modules.
Aura | Net Invested Capital |
Pair Trading with Aura Minerals
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 Aura Minerals 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 Aura Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Aura Stock
| 0.79 | AG | First Majestic Silver | PairCorr |
| 0.81 | IE | Ivanhoe Energy | PairCorr |
| 0.74 | FDY | Faraday Copper Corp | PairCorr |
Moving against Aura Stock
The ability to find closely correlated positions to Aura Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aura Minerals 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 Aura Minerals - 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 Aura Minerals to buy it.
The correlation of Aura Minerals 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 Aura Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aura Minerals 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 Aura Minerals 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.Other Information on Investing in Aura Stock
Aura Minerals financial ratios help investors to determine whether Aura Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aura with respect to the benefits of owning Aura Minerals security.