Aurora Stock Forecast is based on your current time horizon. Although Aurora Cannabis' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Aurora Cannabis' systematic risk associated with finding meaningful patterns of Aurora Cannabis fundamentals over time.
Aurora
As of the 24th of December 2024, Asset Turnover is likely to grow to 0.34, while Inventory Turnover is likely to drop 0.71. . As of the 24th of December 2024, Common Stock Shares Outstanding is likely to drop to about 24.8 M. In addition to that, Net Loss is likely to drop to about (188.1 M).
On December 23, 2024 Aurora Cannabis had Rate Of Daily Change of 0.99. Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Aurora Cannabis.
On December 24 2024 Aurora Cannabis was traded for 6.14 at the closing time. The maximum traded price for the trading interval was 6.26 and the lowest daily price was 6.13 . The daily volume was recorded at 239.5 K. The volume of trading on 24th of December 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.32% . The overall trading delta to the closing price today is 0.16% .
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
For every potential investor in Aurora, whether a beginner or expert, Aurora Cannabis' 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 Cannabis' price trends.
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 Cannabis stock to make a market-neutral strategy. Peer analysis of Aurora Cannabis could also be used in its relative valuation, which is a method of valuing Aurora Cannabis by comparing valuation metrics with similar companies.
Aurora Cannabis 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 Cannabis' 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 Cannabis' current price.
Market strength indicators help investors to evaluate how Aurora Cannabis 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 Cannabis shares will generate the highest return on investment. By undertsting and applying Aurora Cannabis stock market strength indicators, traders can identify Aurora Cannabis entry and exit signals to maximize returns.
The analysis of Aurora Cannabis' 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 Cannabis' 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.
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.
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.
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.
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:
To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.