Aurora Innovation Correlations
| AUR Stock | USD 3.02 0.20 7.09% |
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.
Good diversification
The correlation between Aurora Innovation and NYA is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Innovation and NYA in the same portfolio, assuming nothing else is changed.
Aurora |
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.
Moving against Aurora Stock
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Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aurora Stock performing well and Aurora Innovation Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aurora Innovation's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EPAM | 1.50 | (0.32) | 0.00 | 2.88 | 0.00 | 2.69 | 12.83 | |||
| INFY | 0.98 | (0.25) | 0.00 | (0.96) | 0.00 | 1.82 | 6.48 | |||
| CTSH | 0.83 | (0.24) | 0.00 | (0.79) | 0.00 | 1.67 | 5.99 | |||
| NOTE | 4.78 | 0.58 | 0.05 | (0.26) | 6.42 | 9.73 | 35.66 | |||
| INOD | 3.79 | (0.68) | 0.00 | 6.22 | 0.00 | 7.83 | 43.19 | |||
| CNDT | 1.87 | (0.31) | 0.00 | 2.44 | 0.00 | 3.40 | 12.53 | |||
| FIS | 0.99 | 0.20 | 0.15 | 0.51 | 0.86 | 2.21 | 7.15 | |||
| KD | 1.46 | (0.07) | 0.00 | (0.33) | 0.00 | 2.86 | 8.32 | |||
| DXC | 1.60 | (0.24) | 0.00 | (0.15) | 0.00 | 3.21 | 10.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aurora Innovation without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Aurora Innovation Corporate Management
Elected by the shareholders, the Aurora Innovation's board of directors comprises two types of representatives: Aurora Innovation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aurora. The board's role is to monitor Aurora Innovation's management team and ensure that shareholders' interests are well served. Aurora Innovation's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aurora Innovation's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gerardo Interiano | Vice Affairs | Profile | |
| Richard Tame | Chief Officer | Profile | |
| David Maday | Chief Officer | Profile | |
| Sandor Barna | Senior Hardware | Profile | |
| Yanbing Li | Senior Engineering | Profile | |
| Nolan Shenai | Secretary Counsel | Profile | |
| Christopher Urmson | President, CoFounder | Profile |
Already Invested in Aurora Innovation?
The danger of trading Aurora Innovation is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Aurora Innovation is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Aurora Innovation. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aurora Innovation is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Aurora Innovation is a strong investment it is important to analyze Aurora Innovation's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Aurora Innovation's future performance. For an informed investment choice regarding Aurora Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Innovation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Innovation guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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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.
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Is Aurora Innovation's industry 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 (0.60) | Revenue Per Share 0.002 | Quarterly Revenue Growth (0.91) | Return On Assets (0.25) | Return On Equity (0.42) |
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.