Aurora Mobile Correlations
| JG Stock | USD 2.92 0.18 5.81% |
The correlation of Aurora Mobile 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 Mobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Mobile 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.
Significant diversification
The correlation between Aurora Mobile and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Mobile and NYA in the same portfolio, assuming nothing else is changed.
Aurora |
The ability to find closely correlated positions to Aurora Mobile 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 Mobile 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 Mobile - 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 Mobile to buy it.
Moving against Aurora Stock
| 0.58 | DTSS | Datasea | PairCorr |
| 0.44 | EEFT | Euronet Worldwide Financial Report 7th of May 2024 | PairCorr |
| 0.41 | VRAR | Glimpse Group | PairCorr |
| 0.61 | GCT | GigaCloud Technology Buyout Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aurora Stock performing well and Aurora Mobile 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 Mobile'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EVTC | 1.35 | (0.14) | 0.00 | (0.03) | 0.00 | 2.30 | 13.69 | |||
| CSGS | 1.33 | (0.15) | 0.00 | (0.06) | 0.00 | 2.10 | 19.07 | |||
| RDWR | 1.67 | (0.11) | 0.00 | (0.03) | 0.00 | 3.36 | 14.09 | |||
| NTCT | 1.84 | (0.31) | 0.00 | (0.11) | 0.00 | 3.86 | 16.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aurora Mobile 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 Mobile Corporate Management
Elected by the shareholders, the Aurora Mobile's board of directors comprises two types of representatives: Aurora Mobile 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 Mobile's management team and ensure that shareholders' interests are well served. Aurora Mobile'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 Mobile's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ShanNen Bong | Chief Officer | Profile | |
| Weidong Luo | Chairman CoFounder | Profile | |
| Qing Zhang | Deputy Officer | Profile | |
| Guoxiao Ben | Chief Officer | Profile |
Already Invested in Aurora Mobile?
The danger of trading Aurora Mobile 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 Mobile 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 Mobile. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aurora Mobile 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 Mobile is a strong investment it is important to analyze Aurora Mobile'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 Mobile's future performance. For an informed investment choice regarding Aurora Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aurora Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Aurora Stock please use our How to Invest in Aurora Mobile guide.Note that the Aurora Mobile information on this page should be used as a complementary analysis to other Aurora Mobile's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Aurora Stock analysis
When running Aurora Mobile's price analysis, check to measure Aurora Mobile'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 Mobile is operating at the current time. Most of Aurora Mobile's value examination focuses on studying past and present price action to predict the probability of Aurora Mobile'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 Mobile's price. Additionally, you may evaluate how the addition of Aurora Mobile to your portfolios can decrease your overall portfolio volatility.
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Is Aurora Mobile'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 Mobile. 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 Mobile listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.44) | Revenue Per Share 48.561 | Quarterly Revenue Growth (0.11) | Return On Assets (0.08) | Return On Equity (0.48) |
The market value of Aurora Mobile 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 Mobile's value that differs from its market value or its book value, called intrinsic value, which is Aurora Mobile'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 Mobile's market value can be influenced by many factors that don't directly affect Aurora Mobile'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 Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Mobile'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.