Aurora Solar Correlations
| AACTF Stock | USD 0.02 0 5.26% |
The current 90-days correlation between Aurora Solar Technologies and Deere Company is -0.17 (i.e., Good diversification). The correlation of Aurora Solar 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Aurora Solar Correlation With Market
Very good diversification
The correlation between Aurora Solar Technologies and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Solar Technologies and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Aurora Solar 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 Solar 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 Solar - 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 Solar Technologies to buy it.
Moving together with Aurora Pink Sheet
| 0.76 | VLCN | Volcon Inc | PairCorr |
| 0.7 | AULT | Ault Alliance Symbol Change | PairCorr |
| 0.64 | NVR | NVR Inc | PairCorr |
| 0.77 | BPTS | Biophytis | PairCorr |
| 0.79 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.82 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.65 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Aurora Pink Sheet
| 0.88 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.83 | DIS | Walt Disney | PairCorr |
| 0.83 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.82 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.79 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.77 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.75 | WMT | Walmart | PairCorr |
| 0.71 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.62 | AMKBY | AP Moeller Maersk | PairCorr |
| 0.55 | HD | Home Depot | PairCorr |
| 0.45 | HPQ | HP Inc | PairCorr |
| 0.37 | KAKZF | Kaspi Bank Joint | PairCorr |
Related Correlations Analysis
| 0.52 | -0.64 | -0.67 | 0.45 | 0.08 | DE | ||
| 0.52 | -0.48 | -0.47 | 0.09 | -0.38 | CAT | ||
| -0.64 | -0.48 | 0.91 | -0.47 | 0.23 | LEV | ||
| -0.67 | -0.47 | 0.91 | -0.44 | 0.25 | NKLA | ||
| 0.45 | 0.09 | -0.47 | -0.44 | 0.46 | WNC | ||
| 0.08 | -0.38 | 0.23 | 0.25 | 0.46 | TWI | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aurora Pink Sheet performing well and Aurora Solar 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 Solar'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DE | 1.16 | 0.13 | 0.09 | 0.23 | 1.11 | 2.16 | 9.95 | |||
| CAT | 1.28 | 0.02 | 0.06 | 0.10 | 1.23 | 3.36 | 12.38 | |||
| LEV | 6.52 | (0.83) | 0.00 | (0.53) | 0.00 | 14.29 | 73.93 | |||
| NKLA | 4.71 | (1.90) | 0.00 | (0.73) | 0.00 | 6.76 | 42.89 | |||
| WNC | 1.76 | (0.15) | (0.04) | 0.00 | 2.16 | 3.00 | 10.47 | |||
| TWI | 3.17 | (0.09) | 0.01 | 0.05 | 3.94 | 5.43 | 41.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aurora Solar 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 Solar Corporate Management
| Kenneth Cadien | Scientific Committee | Profile | |
| Shirley Kancs | Sec | Profile | |
| Kevin CMA | CEO Pres | Profile | |
| Steve McDonald | VP Devel | Profile | |
| Johnson Wong | Director Technology | Profile | |
| PEng MEng | COO, Founder | Profile | |
| Tricia Pederson | Chief Officer | Profile |