Aurora Technology Stock Forecast - Relative Strength Index
| ATAKRDelisted Stock | USD 0.14 0.01 7.69% |
Aurora Stock Forecast is based on your current time horizon.
Aurora |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 46.39 | 46.39 |
| Check Aurora Technology Volatility | Backtest Aurora Technology | Information Ratio |
Aurora Technology Trading Date Momentum
| On November 28 2024 Aurora Technology Acquisition was traded for 0.14 at the closing time. The highest daily price throughout the period was 0.14 and the lowest price was 0.13 . There was no trading activity during the period 0.0. Lack of trading volume on 11/28/2024 did not affect price variability. The overall trading delta to current closing price is 7.14% . |
Aurora Technology 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 Aurora Technology stock to make a market-neutral strategy. Peer analysis of Aurora Technology could also be used in its relative valuation, which is a method of valuing Aurora Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Aurora Technology Market Strength Events
Market strength indicators help investors to evaluate how Aurora Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aurora Technology shares will generate the highest return on investment. By undertsting and applying Aurora Technology stock market strength indicators, traders can identify Aurora Technology Acquisition entry and exit signals to maximize returns.
Aurora Technology Risk Indicators
The analysis of Aurora Technology's 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 Aurora Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aurora 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 | 10.58 | |||
| Semi Deviation | 10.8 | |||
| Standard Deviation | 16.73 | |||
| Variance | 279.92 | |||
| Downside Variance | 341.39 | |||
| Semi Variance | 116.73 | |||
| Expected Short fall | (18.17) |
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 Aurora Technology
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 Aurora Technology 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 Aurora Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Aurora Stock
Moving against Aurora Stock
| 0.61 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.6 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.5 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.43 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.42 | BKRKY | Bank Rakyat | PairCorr |
The ability to find closely correlated positions to Aurora Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Technology 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 Aurora Technology - 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 Aurora Technology Acquisition to buy it.
The correlation of Aurora Technology 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 Aurora Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Technology 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 Aurora Technology 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Other Consideration for investing in Aurora Stock
If you are still planning to invest in Aurora Technology check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Aurora Technology's history and understand the potential risks before investing.
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