Aurora Innovation Stock Forecast - Standard Deviation
| AUR Stock | USD 2.81 0.23 7.57% |
Aurora Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Aurora Innovation stock prices and determine the direction of Aurora Innovation's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Aurora Innovation's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Aurora Innovation's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Aurora Innovation's systematic risk associated with finding meaningful patterns of Aurora Innovation fundamentals over time.
Check out Historical Fundamental Analysis of Aurora Innovation to cross-verify your projections. Aurora |
Open Interest Against 2024-04-19 Aurora Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Aurora Innovation's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Aurora Innovation's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Aurora Innovation stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Aurora Innovation's open interest, investors have to compare it to Aurora Innovation's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Aurora Innovation is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Aurora. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Aurora Innovation cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Aurora Innovation's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Aurora Innovation's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Aurora Innovation Volatility | Backtest Aurora Innovation | Information Ratio |
Aurora Innovation Trading Date Momentum
| On April 19 2024 Aurora Innovation was traded for 2.81 at the closing time. Highest Aurora Innovation's price during the trading hours was 3.06 and the lowest price during the day was 2.75 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not affect price variability. The overall trading delta to current price is 8.19% . |
| Compare Aurora Innovation to competition |
Other Forecasting Options for Aurora Innovation
For every potential investor in Aurora, whether a beginner or expert, Aurora Innovation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Aurora Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Aurora. Basic forecasting techniques help filter out the noise by identifying Aurora Innovation's price trends.Aurora Innovation Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Aurora Innovation stock to make a market-neutral strategy. Peer analysis of Aurora Innovation could also be used in its relative valuation, which is a method of valuing Aurora Innovation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Aurora Innovation Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Aurora Innovation's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Aurora Innovation's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Aurora Innovation Market Strength Events
Market strength indicators help investors to evaluate how Aurora Innovation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aurora Innovation shares will generate the highest return on investment. By undertsting and applying Aurora Innovation stock market strength indicators, traders can identify Aurora Innovation entry and exit signals to maximize returns.
Aurora Innovation Risk Indicators
The analysis of Aurora Innovation's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Aurora Innovation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aurora stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.35 | |||
| Standard Deviation | 4.11 | |||
| Variance | 16.92 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Aurora Innovation Investors Sentiment
The influence of Aurora Innovation's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aurora. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Aurora Innovation's public news can be used to forecast risks associated with an investment in Aurora. The trend in average sentiment can be used to explain how an investor holding Aurora can time the market purely based on public headlines and social activities around Aurora Innovation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Aurora Innovation's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aurora Innovation's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aurora Innovation's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aurora Innovation.
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
| 0.7 | JFU | 9F Inc Report 21st of May 2024 | PairCorr |
| 0.68 | PSN | Parsons Corp Financial Report 1st of May 2024 | PairCorr |
| 0.65 | DTST | Data Storage Corp | PairCorr |
| 0.62 | GDS | GDS Holdings Financial Report 23rd of May 2024 | PairCorr |
| 0.62 | IBM | International Business Earnings Call This Week | 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 Historical Fundamental Analysis of Aurora Innovation to cross-verify your projections. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Innovation guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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 (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.