Aurora Spine Corp Stock Probability of Future Stock Price Finishing Over 0.42
| ASG Stock | CAD 0.42 0.05 13.51% |
Aurora |
Aurora Spine Target Price Odds to finish over 0.42
The tendency of Aurora Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.42 | 90 days | 0.42 | about 17.6 |
Based on a normal probability distribution, the odds of Aurora Spine to move above the current price in 90 days from now is about 17.6 (This Aurora Spine Corp probability density function shows the probability of Aurora Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Aurora Spine has a beta of 0.16. This suggests as returns on the market go up, Aurora Spine average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Aurora Spine Corp will be expected to be much smaller as well. Additionally Aurora Spine Corp has an alpha of 0.8057, implying that it can generate a 0.81 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Aurora Spine Price Density |
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Predictive Modules for Aurora Spine
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aurora Spine Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Aurora Spine Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Aurora Spine is not an exception. The market had few large corrections towards the Aurora Spine's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Aurora Spine Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Aurora Spine within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.81 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | 0.12 |
Aurora Spine Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Aurora Spine for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Aurora Spine Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Aurora Spine Corp is way too risky over 90 days horizon | |
| Aurora Spine Corp has some characteristics of a very speculative penny stock | |
| Aurora Spine Corp appears to be risky and price may revert if volatility continues | |
| Aurora Spine Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 14.52 M. Net Loss for the year was (1.68 M) with profit before overhead, payroll, taxes, and interest of 4.83 M. | |
| Aurora Spine Corp has accumulated about 821.58 K in cash with (935.06 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 26.0% of the company shares are held by company insiders |
Aurora Spine Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Aurora Stock often depends not only on the future outlook of the current and potential Aurora Spine's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Aurora Spine's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 70.7 M | |
| Cash And Short Term Investments | 766.8 K |
Aurora Spine Technical Analysis
Aurora Spine's future price can be derived by breaking down and analyzing its technical indicators over time. Aurora Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Aurora Spine Corp. In general, you should focus on analyzing Aurora Stock price patterns and their correlations with different microeconomic environments and drivers.
Aurora Spine Predictive Forecast Models
Aurora Spine's time-series forecasting models is one of many Aurora Spine's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Aurora Spine's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Aurora Spine Corp
Checking the ongoing alerts about Aurora Spine for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Aurora Spine Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Aurora Spine Corp is way too risky over 90 days horizon | |
| Aurora Spine Corp has some characteristics of a very speculative penny stock | |
| Aurora Spine Corp appears to be risky and price may revert if volatility continues | |
| Aurora Spine Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 14.52 M. Net Loss for the year was (1.68 M) with profit before overhead, payroll, taxes, and interest of 4.83 M. | |
| Aurora Spine Corp has accumulated about 821.58 K in cash with (935.06 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 26.0% of the company shares are held by company insiders |
Additional Tools for Aurora Stock Analysis
When running Aurora Spine's price analysis, check to measure Aurora Spine'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 Aurora Spine is operating at the current time. Most of Aurora Spine's value examination focuses on studying past and present price action to predict the probability of Aurora Spine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Spine's price. Additionally, you may evaluate how the addition of Aurora Spine to your portfolios can decrease your overall portfolio volatility.