Aurora Spine Corp Stock Beta
| ASG Stock | CAD 0.37 0.05 11.90% |
Aurora Spine Corp fundamentals help investors to digest information that contributes to Aurora Spine's financial success or failures. It also enables traders to predict the movement of Aurora Stock. The fundamental analysis module provides a way to measure Aurora Spine's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aurora Spine stock.
Aurora | Beta |
Aurora Spine Corp Company Beta Analysis
Aurora Spine's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Aurora Spine Beta | 0.61 |
Most of Aurora Spine's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aurora Spine Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aurora Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Aurora Spine is extremely important. It helps to project a fair market value of Aurora Stock properly, considering its historical fundamentals such as Beta. Since Aurora Spine's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Aurora Spine's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Aurora Spine's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Aurora Spine Corp has a Beta of 0.606. This is 29.53% lower than that of the Health Care Equipment & Supplies sector and 41.73% lower than that of the Health Care industry. The beta for all Canada stocks is notably lower than that of the firm.
Aurora Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aurora Spine's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aurora Spine could also be used in its relative valuation, which is a method of valuing Aurora Spine by comparing valuation metrics of similar companies.Aurora Spine is currently under evaluation in beta category among its peers.
Aurora Spine Current Valuation Drivers
We derive many important indicators used in calculating different scores of Aurora Spine from analyzing Aurora Spine's financial statements. These drivers represent accounts that assess Aurora Spine's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aurora Spine's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 10.0M | 17.2M | 16.0M | 22.4M | 21.3M | 22.4M | |
| Enterprise Value | 12.0M | 17.8M | 15.2M | 25.0M | 24.2M | 25.4M |
As returns on the market increase, Aurora Spine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aurora Spine is expected to be smaller as well.
Aurora Fundamentals
| Return On Equity | -0.15 | ||||
| Return On Asset | -0.025 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 36.48 M | ||||
| Shares Outstanding | 77.42 M | ||||
| Shares Owned By Insiders | 25.50 % | ||||
| Number Of Shares Shorted | 4.82 K | ||||
| Price To Earning | (1.82) X | ||||
| Price To Book | 4.61 X | ||||
| Price To Sales | 1.69 X | ||||
| Revenue | 14.52 M | ||||
| Gross Profit | 4.83 M | ||||
| EBITDA | (446.2 K) | ||||
| Net Income | (1.68 M) | ||||
| Cash And Equivalents | 821.58 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 3.65 M | ||||
| Debt To Equity | 92.40 % | ||||
| Current Ratio | 2.47 X | ||||
| Book Value Per Share | 0.07 X | ||||
| Cash Flow From Operations | (935.06 K) | ||||
| Short Ratio | 0.13 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 3.6 | ||||
| Beta | 0.61 | ||||
| Market Capitalization | 34.84 M | ||||
| Total Asset | 11.99 M | ||||
| Retained Earnings | (25.78 M) | ||||
| Working Capital | 5.23 M | ||||
| Net Asset | 11.99 M |
About Aurora Spine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aurora Spine Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aurora Spine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aurora Spine Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.