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Chances of Aphria to slip after the volatility builds up
 | By Rifka Kats | Macroaxis Story |
It appears Aphria may not recover as fast as we have hopped for as its price went down 0.59% today. This firm's current daily volatility is 5.59 percent, with a beta of -0.23 and an alpha of 0.7 over DOW. While some millenniums are indifferent towards current market swings, it makes sense to go over Aphria Inc based on its technical indicators. We will analyze why it could be a much better year for Aphria shareholders.
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Reviewed by Vlad Skutelnik
Aphria Inc currently holds roughly 236.03 M in cash with (12.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Aphria has an asset utilization ratio of 5.0 percent. This suggests that the company is making $0.05 for each dollar of assets. An increasing asset utilization means that Aphria Inc is more efficient with each dollar of assets it utilizes for everyday operations.
How important is Aphria's Liquidity
Aphria financial leverage refers to using borrowed capital as a funding source to finance Aphria Inc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Aphria financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Aphria's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Aphria's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Aphria's total debt and its cash.
Aphria Correlation with Peers
Investors in Aphria can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Aphria Inc. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Aphria and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Aphria is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Aphria for more details
What is the case for Aphria Investors
Aphria appears to be risky, given 1 month investment horizon. Aphria Inc secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had 0.13% of return per unit of standard deviation over the last month. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By analyzing Aphria Inc technical indicators you can presently evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of Aphria Inc mean deviation of 4.11, and risk adjusted performance of 0.2132 to double-check if our risk estimates are consistent with your expectations.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Aphria Inc. Please refer to our Terms of Use for any information regarding our disclosure principles.