Aurora Cannabis Stock Market Value
| ACB Stock | USD 5.68 0.33 5.49% |
| Symbol | Aurora |
Aurora Cannabis Price To Book Ratio
Is Pharmaceuticals 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 Cannabis. 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 Cannabis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Earnings Share (57.85) | Revenue Per Share 6.784 | Quarterly Revenue Growth 0.055 | Return On Assets (0.08) |
The market value of Aurora Cannabis 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 Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Aurora Cannabis' 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 Cannabis' market value can be influenced by many factors that don't directly affect Aurora Cannabis' 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 Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Cannabis' 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 Cannabis '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 Cannabis' 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 Cannabis.
| 03/12/2024 |
| 06/10/2024 |
If you would invest 0.00 in Aurora Cannabis on March 12, 2024 and sell it all today you would earn a total of 0.00 from holding Aurora Cannabis or generate 0.0% return on investment in Aurora Cannabis over 90 days. Aurora Cannabis is related to or competes with Procaps Group, Incannex Healthcare, Petros Pharmaceuticals, Evoke Pharma, Painreform, Organogenesis Holdings, and Lucy Scientific. Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative ... More
Aurora Cannabis 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 Cannabis' 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 Cannabis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.93 | |||
| Information Ratio | 0.1361 | |||
| Maximum Drawdown | 66.3 | |||
| Value At Risk | (7.58) | |||
| Potential Upside | 18.15 |
Aurora Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora Cannabis' standard deviation. In reality, there are many statistical measures that can use Aurora Cannabis historical prices to predict the future Aurora Cannabis' volatility.| Risk Adjusted Performance | 0.0951 | |||
| Jensen Alpha | 1.47 | |||
| Total Risk Alpha | 1.33 | |||
| Sortino Ratio | 0.2457 | |||
| Treynor Ratio | (2.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aurora Cannabis' 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 Cannabis Backtested Returns
Aurora Cannabis is very risky given 3 months investment horizon. Aurora Cannabis secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.57% are justified by taking the suggested risk. Use Aurora Cannabis Downside Deviation of 5.93, risk adjusted performance of 0.0951, and Mean Deviation of 6.86 to evaluate company specific risk that cannot be diversified away. Aurora Cannabis holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aurora Cannabis are expected to decrease at a much lower rate. During the bear market, Aurora Cannabis is likely to outperform the market. Use Aurora Cannabis value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to analyze future returns on Aurora Cannabis.
Auto-correlation | -0.43 |
Modest reverse predictability
Aurora Cannabis has modest reverse predictability. Overlapping area represents the amount of predictability between Aurora Cannabis time series from 12th of March 2024 to 26th of April 2024 and 26th of April 2024 to 10th of June 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 Cannabis price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Aurora Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Aurora Cannabis lagged returns against current returns
Autocorrelation, which is Aurora Cannabis 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 Cannabis' stock expected returns. We can calculate the autocorrelation of Aurora Cannabis returns to help us make a trade decision. For example, suppose you find that Aurora Cannabis 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 Cannabis 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 Cannabis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Cannabis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Cannabis stock over time.
Current vs Lagged Prices |
| Timeline |
Aurora Cannabis Lagged Returns
When evaluating Aurora Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora Cannabis stock have on its future price. Aurora Cannabis 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 Cannabis autocorrelation shows the relationship between Aurora Cannabis stock current value and its past values and can show if there is a momentum factor associated with investing in Aurora Cannabis.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Aurora Stock
When determining whether Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:Check out Aurora Cannabis Correlation, Aurora Cannabis Volatility and Aurora Cannabis Alpha and Beta module to complement your research on Aurora Cannabis. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Aurora Cannabis technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.