Aurora Return On Capital Employed from 2010 to 2024
| AUROW Stock | USD 0.27 0.02 8.00% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter (0.39) | Current Value (0.37) | Quarterly Volatility 0.12563692 |
Check Aurora Innovation 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 Tax Provision of 0.0, Net Interest Income of 448.9 K or Interest Income of 448.9 K, as well as many exotic indicators such as Price To Sales Ratio of 22.22, Dividend Yield of 0.0 or PTB Ratio of 3.07. Aurora financial statements analysis is a perfect complement when working with Aurora Innovation Valuation or Volatility modules.
Aurora | Return On Capital Employed |
Latest Aurora Innovation's Return On Capital Employed Growth Pattern
Below is the plot of the Return On Capital Employed of Aurora Innovation over the last few years. It is Aurora Innovation's Return On Capital Employed historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Aurora Innovation's overall financial position and show how it may be relating to other accounts over time.
| Return On Capital Employed | 10 Years Trend |
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Return On Capital Employed |
| Timeline |
Aurora Return On Capital Employed Regression Statistics
| Arithmetic Mean | (0.19) | |
| Geometric Mean | 0.19 | |
| Coefficient Of Variation | (66.67) | |
| Mean Deviation | 0.08 | |
| Median | (0.16) | |
| Standard Deviation | 0.13 | |
| Sample Variance | 0.02 | |
| Range | 0.5297 | |
| R-Value | (0.27) | |
| Mean Square Error | 0.02 | |
| R-Squared | 0.07 | |
| Significance | 0.33 | |
| Slope | (0.01) | |
| Total Sum of Squares | 0.22 |
Aurora Return On Capital Employed History
About Aurora Innovation Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Aurora Innovation income statement, its balance sheet, and the statement of cash flows. Aurora Innovation investors use historical funamental indicators, such as Aurora Innovation's Return On Capital Employed, to determine how well the company is positioned to perform in the future. Although Aurora Innovation investors may use each financial statement separately, they are all related. The changes in Aurora Innovation's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aurora Innovation'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 Innovation Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aurora Innovation. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | (0.39) | (0.37) |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aurora Innovation in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aurora Innovation's short interest history, or implied volatility extrapolated from Aurora Innovation options trading.
Pair Trading with Aurora Innovation
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 Innovation 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 Innovation will appreciate offsetting losses from the drop in the long position's value.Moving against Aurora Stock
| 0.56 | DTST | Data Storage Corp | PairCorr |
| 0.56 | PSN | Parsons Corp | PairCorr |
| 0.48 | JFU | 9F Inc Report 21st of May 2024 | PairCorr |
| 0.44 | FIS | Fidelity National | PairCorr |
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.
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.
Correlation analysis and pair trading evaluation for Aurora Innovation 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 Innovation Correlation against competitors. For more information on how to buy Aurora Stock please use our How to Invest in Aurora Innovation guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Aurora Stock analysis
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 (2.27) | Revenue Per Share 0.002 | Return On Assets (0.26) | Return On Equity (0.44) |
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.