Aurora Enterprise Value over EBITDA from 2010 to 2024
| ACB Stock | USD 6.46 0.08 1.22% |
Enterprise Value Over EBITDA | First Reported 2010-12-31 | Previous Quarter (0.99) | Current Value (1.04) | Quarterly Volatility 10.5 K |
Check Aurora Cannabis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aurora main balance sheet or income statement drivers, such as Interest Expense of 47.6 M, Other Operating Expenses of 588.8 M or Total Operating Expenses of 111.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.42, Dividend Yield of 0.0 or PTB Ratio of 0.68. Aurora financial statements analysis is a perfect complement when working with Aurora Cannabis Valuation or Volatility modules.
Aurora | Enterprise Value over EBITDA |
About Aurora Cannabis Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Aurora Cannabis income statement, its balance sheet, and the statement of cash flows. Aurora Cannabis investors use historical funamental indicators, such as Aurora Cannabis's Enterprise Value over EBITDA, to determine how well the company is positioned to perform in the future. Although Aurora Cannabis investors may use each financial statement separately, they are all related. The changes in Aurora Cannabis's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aurora Cannabis's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Aurora Cannabis Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aurora Cannabis. Please read more on our technical analysis and fundamental analysis pages.
Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. The companys adult-use brand portfolio includes Aurora Drift, San Rafael 71, Daily Special, Whistler, Being, and Greybeard, as well as CBD brands, Reliva and KG7 and medical cannabis brands include MedReleaf, CanniMed, Aurora, and WMMC. Aurora Cannabis is traded on NASDAQ Exchange in the United States.
Pair Trading with Aurora Cannabis
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.Moving together with Aurora Stock
| 0.68 | YS | YS Biopharma Report 22nd of April 2024 | PairCorr |
Moving against Aurora Stock
| 0.84 | VERV | Verve Therapeutics Sell-off Trend | PairCorr |
| 0.71 | VAXX | Vaxxinity Financial Report 14th of May 2024 | PairCorr |
| 0.56 | VCNX | Vaccinex | PairCorr |
| 0.55 | DMAC | DiaMedica Therapeutics Financial Report 20th of May 2024 | PairCorr |
| 0.48 | DRUG | Bright Minds Biosciences | PairCorr |
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.Check out the analysis of Aurora Cannabis Correlation against competitors. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.Note that the Aurora Cannabis information on this page should be used as a complementary analysis to other Aurora Cannabis' 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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Aurora Stock analysis
When running Aurora Cannabis' price analysis, check to measure Aurora Cannabis' 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 Cannabis is operating at the current time. Most of Aurora Cannabis' value examination focuses on studying past and present price action to predict the probability of Aurora Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Cannabis' price. Additionally, you may evaluate how the addition of Aurora Cannabis to your portfolios can decrease your overall portfolio volatility.
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Is Aurora Cannabis' 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 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 (57.31) | 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.