Aurora Change To Liabilities from 2010 to 2024

ACB Stock  CAD 6.21  0.07  1.14%   
Aurora Cannabis Change To Liabilities yearly trend continues to be very stable with very little volatility. Change To Liabilities is likely to grow to about 5.5 M this year. During the period from 2010 to 2024, Aurora Cannabis Change To Liabilities quarterly data regression pattern had sample variance of 762.5 T and median of  950,000. View All Fundamentals
 
Change To Liabilities  
First Reported
2016-09-30
Previous Quarter
22.1 M
Current Value
-14.6 M
Quarterly Volatility
19.8 M
 
Covid
Check Aurora Cannabis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aurora Cannabis' main balance sheet or income statement drivers, such as Interest Expense of 19.2 M, Selling General Administrative of 66.4 M or Other Operating Expenses of 195 M, as well as many indicators such as Price To Sales Ratio of 0.97, Dividend Yield of 0.0 or PTB Ratio of 0.47. Aurora financial statements analysis is a perfect complement when working with Aurora Cannabis Valuation or Volatility modules.
  
This module can also supplement various Aurora Cannabis Technical models . Check out the analysis of Aurora Cannabis Correlation against competitors.
To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.

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 against Aurora Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:
Check out the analysis of Aurora Cannabis Correlation against competitors.
To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.