Aurora Innovation Stock Market Value
| AUR Stock | USD 6.49 0.55 9.26% |
| Symbol | Aurora |
Aurora Innovation Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aurora Innovation. If investors know Aurora will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aurora Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.47) | Revenue Per Share 0.002 | Quarterly Revenue Growth (0.91) | Return On Assets (0.21) | Return On Equity (0.36) |
The market value of Aurora Innovation is measured differently than its book value, which is the value of Aurora that is recorded on the company's balance sheet. Investors also form their own opinion of Aurora Innovation's value that differs from its market value or its book value, called intrinsic value, which is Aurora Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aurora Innovation's market value can be influenced by many factors that don't directly affect Aurora Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aurora Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Aurora Innovation '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 Innovation'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 Innovation.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Aurora Innovation on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Aurora Innovation or generate 0.0% return on investment in Aurora Innovation over 720 days. Aurora Innovation is related to or competes with CDW Corp, Eshallgo, Amtech Systems, Gold Fields, Aegean Airlines, Dorian LPG, and Merck. Aurora Innovation, Inc. operates as a self-driving technology company in the United States More
Aurora Innovation 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 Innovation'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 Innovation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.67 | |||
| Information Ratio | 0.1103 | |||
| Maximum Drawdown | 45.46 | |||
| Value At Risk | (7.25) | |||
| Potential Upside | 13.25 |
Aurora Innovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora Innovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora Innovation's standard deviation. In reality, there are many statistical measures that can use Aurora Innovation historical prices to predict the future Aurora Innovation's volatility.| Risk Adjusted Performance | 0.1047 | |||
| Jensen Alpha | 0.5212 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1394 | |||
| Treynor Ratio | 0.24 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aurora Innovation's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aurora Innovation Backtested Returns
Aurora Innovation appears to be risky, given 3 months investment horizon. Aurora Innovation secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. By analyzing Aurora Innovation's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please makes use of Aurora Innovation's Risk Adjusted Performance of 0.1047, downside deviation of 5.67, and Mean Deviation of 4.96 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aurora Innovation holds a performance score of 8. The firm shows a Beta (market volatility) of 3.71, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aurora Innovation will likely underperform. Please check Aurora Innovation's maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to make a quick decision on whether Aurora Innovation's price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Aurora Innovation has poor predictability. Overlapping area represents the amount of predictability between Aurora Innovation 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 Innovation price movement. The serial correlation of 0.25 indicates that over 25.0% of current Aurora Innovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Aurora Innovation lagged returns against current returns
Autocorrelation, which is Aurora Innovation 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 Innovation's stock expected returns. We can calculate the autocorrelation of Aurora Innovation returns to help us make a trade decision. For example, suppose you find that Aurora Innovation 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 Innovation 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 Innovation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Innovation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Innovation stock over time.
Current vs Lagged Prices |
| Timeline |
Aurora Innovation Lagged Returns
When evaluating Aurora Innovation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora Innovation stock have on its future price. Aurora Innovation 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 Innovation autocorrelation shows the relationship between Aurora Innovation stock current value and its past values and can show if there is a momentum factor associated with investing in Aurora Innovation.
Regressed Prices |
| Timeline |
Pair Trading with Aurora Innovation
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aurora Innovation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aurora Innovation will appreciate offsetting losses from the drop in the long position's value.Moving together with Aurora Stock
Moving against Aurora Stock
The ability to find closely correlated positions to Aurora Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Innovation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aurora Innovation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aurora Innovation to buy it.
The correlation of Aurora Innovation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aurora Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Innovation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aurora Innovation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Aurora Stock Analysis
When running Aurora Innovation's price analysis, check to measure Aurora Innovation'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 Innovation is operating at the current time. Most of Aurora Innovation's value examination focuses on studying past and present price action to predict the probability of Aurora Innovation'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 Innovation's price. Additionally, you may evaluate how the addition of Aurora Innovation to your portfolios can decrease your overall portfolio volatility.