Aurora Spine Corp Stock Market Value
| ASG Stock | CAD 0.37 0.05 11.90% |
| Symbol | Aurora |
Aurora Spine Corp Price To Book Ratio
Aurora Spine '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 Spine'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 Spine.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Aurora Spine on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Aurora Spine Corp or generate 0.0% return on investment in Aurora Spine over 720 days. Aurora Spine is related to or competes with Renoworks Software, HPQ Silicon, Firan Technology, Quisitive Technology, Richelieu Hardware, Advent Wireless, and Enduro Metals. Aurora Spine Corporation, through its subsidiary, Aurora Spine, Inc., engages in the development and commercialization o... More
Aurora Spine 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 Spine'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 Spine Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.22 | |||
| Information Ratio | 0.0907 | |||
| Maximum Drawdown | 34.52 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 9.52 |
Aurora Spine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora Spine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora Spine's standard deviation. In reality, there are many statistical measures that can use Aurora Spine historical prices to predict the future Aurora Spine's volatility.| Risk Adjusted Performance | 0.0953 | |||
| Jensen Alpha | 0.6131 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0814 | |||
| Treynor Ratio | 8.19 |
Aurora Spine Corp Backtested Returns
Aurora Spine appears to be out of control, given 3 months investment horizon. Aurora Spine Corp secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Aurora Spine's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Aurora Spine's Mean Deviation of 4.11, downside deviation of 6.22, and Risk Adjusted Performance of 0.0953 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aurora Spine holds a performance score of 9. The firm shows a Beta (market volatility) of 0.0759, which signifies not very significant fluctuations relative to the market. 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. Please check Aurora Spine's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Aurora Spine's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Aurora Spine Corp has good predictability. Overlapping area represents the amount of predictability between Aurora Spine time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Spine Corp price movement. The serial correlation of 0.67 indicates that around 67.0% of current Aurora Spine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurora Spine Corp lagged returns against current returns
Autocorrelation, which is Aurora Spine 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 Spine's stock expected returns. We can calculate the autocorrelation of Aurora Spine returns to help us make a trade decision. For example, suppose you find that Aurora Spine 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 Spine 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 Spine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Spine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Spine stock over time.
Current vs Lagged Prices |
| Timeline |
Aurora Spine Lagged Returns
When evaluating Aurora Spine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora Spine stock have on its future price. Aurora Spine 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 Spine autocorrelation shows the relationship between Aurora Spine stock current value and its past values and can show if there is a momentum factor associated with investing in Aurora Spine Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
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.