Aurora Cannabis Shares Owned By Institutions vs. Cash Per Share
| ACB Stock | CAD 6.17 0.01 0.16% |
For Aurora Cannabis profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Aurora Cannabis to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Aurora Cannabis utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Aurora Cannabis's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Aurora Cannabis over time as well as its relative position and ranking within its peers.
Aurora |
Aurora Cannabis Cash Per Share vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Aurora Cannabis's current stock value. Our valuation model uses many indicators to compare Aurora Cannabis value to that of its competitors to determine the firm's financial worth. Aurora Cannabis is number one stock in shares owned by institutions category among its peers. It is rated fifth in cash per share category among its peers fabricating about 0.11 of Cash Per Share per Shares Owned By Institutions. The ratio of Shares Owned By Institutions to Cash Per Share for Aurora Cannabis is roughly 9.10 . At this time, Aurora Cannabis' Cash Per Share is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Aurora Cannabis by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Aurora Cannabis' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Aurora Cash Per Share vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Aurora Cannabis |
| = | 13.29 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Aurora Cannabis |
| = | 1.46 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Aurora Cash Per Share Comparison
Aurora Cannabis is currently under evaluation in cash per share category among its peers.
Aurora Cannabis Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Aurora Cannabis, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Aurora Cannabis will eventually generate negative long term returns. The profitability progress is the general direction of Aurora Cannabis' change in net profit over the period of time. It can combine multiple indicators of Aurora Cannabis, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -43.7 M | -41.5 M | |
| Operating Income | -46.5 M | -48.8 M | |
| Net Loss | -59 M | -62 M | |
| Income Tax Expense | -554 K | -581.7 K | |
| Income Before Tax | -59.6 M | -62.6 M | |
| Total Other Income Expense Net | -31.1 M | -32.7 M | |
| Net Loss | -59 M | -62 M | |
| Net Loss | -179.1 M | -188.1 M | |
| Net Interest Income | -1.4 M | -1.4 M | |
| Interest Income | 12.8 M | 12.2 M | |
| Change To Netincome | 1.7 B | 1.8 B | |
| Net Loss | (1.46) | (1.53) | |
| Income Quality | 1.16 | 1.20 | |
| Net Income Per E B T | 1.16 | 0.76 |
Aurora Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Aurora Cannabis. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Aurora Cannabis position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Aurora Cannabis' important profitability drivers and their relationship over time.
Use Aurora Cannabis in pair-trading
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 Cannabis 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 Cannabis will appreciate offsetting losses from the drop in the long position's value.Aurora Cannabis Pair Trading
Aurora Cannabis Pair Trading Analysis
The ability to find closely correlated positions to Aurora Cannabis 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 Cannabis 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 Cannabis - 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 Cannabis to buy it.
The correlation of Aurora Cannabis 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 Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis 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 Cannabis 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.Use Investing Themes to Complement your Aurora Cannabis position
In addition to having Aurora Cannabis in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Absolute Returns ETFs Thematic Idea Now
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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Absolute Returns ETFs theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Absolute Returns ETFs Theme or any other thematic opportunities.
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Check out Trending Equities. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
To fully project Aurora Cannabis' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Aurora Cannabis at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Aurora Cannabis' income statement, its balance sheet, and the statement of cash flows.