Aurora Cannabis Stock Probability of Future Stock Price Finishing Under 9.56
| ACB Stock | CAD 6.14 0.02 0.32% |
Aurora |
Aurora Cannabis Target Price Odds to finish below 9.56
The tendency of Aurora Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under C$ 9.56 after 90 days |
| 6.14 | 90 days | 9.56 | close to 99 |
Based on a normal probability distribution, the odds of Aurora Cannabis to stay under C$ 9.56 after 90 days from now is close to 99 (This Aurora Cannabis probability density function shows the probability of Aurora Stock to fall within a particular range of prices over 90 days) . Probability of Aurora Cannabis price to stay between its current price of C$ 6.14 and C$ 9.56 at the end of the 90-day period is about 85.22 .
Assuming the 90 days trading horizon Aurora Cannabis has a beta of -1.48. This suggests as returns on its benchmark rise, returns on holding Aurora Cannabis are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Aurora Cannabis is expected to outperform its benchmark. Additionally Aurora Cannabis has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Aurora Cannabis Price Density |
| Price |
Predictive Modules for Aurora Cannabis
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aurora Cannabis. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Aurora Cannabis Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Aurora Cannabis is not an exception. The market had few large corrections towards the Aurora Cannabis' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Aurora Cannabis, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Aurora Cannabis within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.24 | |
β | Beta against Dow Jones | -1.48 | |
σ | Overall volatility | 0.81 | |
Ir | Information ratio | -0.09 |
Aurora Cannabis Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Aurora Cannabis for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Aurora Cannabis can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Aurora Cannabis generated a negative expected return over the last 90 days | |
| Aurora Cannabis has high historical volatility and very poor performance | |
| Aurora Cannabis has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 270.28 M. Net Loss for the year was (59.05 M) with profit before overhead, payroll, taxes, and interest of 21.23 M. | |
| Aurora Cannabis has accumulated about 234.94 M in cash with (68.51 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.46. | |
| Latest headline from news.google.com: Aurora Cannabis Stock Analysis Key Levels And Trading Opportunities - Benzinga |
Aurora Cannabis Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Aurora Stock often depends not only on the future outlook of the current and potential Aurora Cannabis' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Aurora Cannabis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 43.2 M | |
| Cash And Short Term Investments | 117.5 M |
Aurora Cannabis Technical Analysis
Aurora Cannabis' future price can be derived by breaking down and analyzing its technical indicators over time. Aurora Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Aurora Cannabis. In general, you should focus on analyzing Aurora Stock price patterns and their correlations with different microeconomic environments and drivers.
Aurora Cannabis Predictive Forecast Models
Aurora Cannabis' time-series forecasting models is one of many Aurora Cannabis' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Aurora Cannabis' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Aurora Cannabis
Checking the ongoing alerts about Aurora Cannabis for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Aurora Cannabis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Aurora Cannabis generated a negative expected return over the last 90 days | |
| Aurora Cannabis has high historical volatility and very poor performance | |
| Aurora Cannabis has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 270.28 M. Net Loss for the year was (59.05 M) with profit before overhead, payroll, taxes, and interest of 21.23 M. | |
| Aurora Cannabis has accumulated about 234.94 M in cash with (68.51 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.46. | |
| Latest headline from news.google.com: Aurora Cannabis Stock Analysis Key Levels And Trading Opportunities - Benzinga |
Check out Aurora Cannabis Backtesting, Aurora Cannabis Valuation, Aurora Cannabis Correlation, Aurora Cannabis Hype Analysis, Aurora Cannabis Volatility, Aurora Cannabis History as well as Aurora Cannabis Performance. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.