Aurora Corp (Taiwan) Market Value
| 2373 Stock | TWD 67.60 0.10 0.15% |
| Symbol | Aurora |
Aurora Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Aurora Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Aurora Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Aurora Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Aurora Corp or generate 0.0% return on investment in Aurora Corp over 720 days. Aurora Corp is related to or competes with Synnex Technology, CMC Magnetics, Qisda Corp, D Link, and Winbond Electronics. Aurora Corporation provides office automation equipment, office furniture, and electronic goods in Taiwan, China, and in... More
Aurora Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aurora Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Aurora Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.19 |
Aurora Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora Corp's standard deviation. In reality, there are many statistical measures that can use Aurora Corp historical prices to predict the future Aurora Corp's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.7617 |
Aurora Corp Backtested Returns
Aurora Corp secures Sharpe Ratio (or Efficiency) of -0.0548, which signifies that the company had a -0.0548% return per unit of risk over the last 3 months. Aurora Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aurora Corp's Standard Deviation of 0.6782, mean deviation of 0.4869, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0538, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aurora Corp are expected to decrease at a much lower rate. During the bear market, Aurora Corp is likely to outperform the market. At this point, Aurora Corp has a negative expected return of -0.0372%. Please make sure to confirm Aurora Corp's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Aurora Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Aurora Corp has good predictability. Overlapping area represents the amount of predictability between Aurora Corp time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aurora Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Aurora Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 8.66 |
Aurora Corp lagged returns against current returns
Autocorrelation, which is Aurora Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Aurora Corp's stock expected returns. We can calculate the autocorrelation of Aurora Corp returns to help us make a trade decision. For example, suppose you find that Aurora Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aurora Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Aurora Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Aurora Corp Lagged Returns
When evaluating Aurora Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora Corp stock have on its future price. Aurora Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Aurora Corp autocorrelation shows the relationship between Aurora Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Aurora Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Aurora Stock Analysis
When running Aurora Corp's price analysis, check to measure Aurora Corp'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 Corp is operating at the current time. Most of Aurora Corp's value examination focuses on studying past and present price action to predict the probability of Aurora Corp'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 Corp's price. Additionally, you may evaluate how the addition of Aurora Corp to your portfolios can decrease your overall portfolio volatility.