Aurora Income Quality vs Pfcf Ratio Analysis

ACB Stock

CAD 6.11 0.31 4.83%

Aurora Cannabis financial indicator trend analysis is way more than just evaluating Aurora Cannabis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Cannabis is a good investment. Please check the relationship between Aurora Cannabis Income Quality and its Pfcf Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.

Income Quality vs Pfcf Ratio

Income Quality vs Pfcf Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Cannabis Income Quality account and Pfcf Ratio. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Aurora Cannabis' Income Quality and Pfcf Ratio is 0.96. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Pfcf Ratio in the same time period over historical financial statements of Aurora Cannabis, assuming nothing else is changed. The correlation between historical values of Aurora Cannabis' Income Quality and Pfcf Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Aurora Cannabis are associated (or correlated) with its Pfcf Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pfcf Ratio has no effect on the direction of Income Quality i.e., Aurora Cannabis' Income Quality and Pfcf Ratio go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Pfcf Ratio

Most indicators from Aurora Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Cannabis current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.At this time, Aurora Cannabis' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 19th of December 2024, Enterprise Value Multiple is likely to grow to 13.78, while Selling General Administrative is likely to drop about 66.4 M.

Aurora Cannabis fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Other Current Assets	Property Plant And Equipment Gross	Short Term Investments	Short Term Debt	Common Stock Total Equity	Common Stock	Short Long Term Debt Total	Net Tangible Assets	Current Deferred Revenue
Total Assets		0.34	0.89	1.0	0.78	-0.15	0.65	0.45	0.99	-0.3	0.63	0.92	0.0	-0.41	0.97	0.72	0.88	0.97	0.72	0.82	0.83	0.54	0.55	0.95	0.66	0.55
Other Current Liab	0.34		0.39	0.32	-0.13	-0.27	-0.36	0.52	0.27	0.53	0.6	0.53	0.42	-0.14	0.4	0.57	0.06	0.36	0.28	0.41	0.34	0.32	0.39	0.27	0.16	0.15
Total Current Liabilities	0.89	0.39		0.86	0.69	-0.38	0.67	0.51	0.85	-0.39	0.65	0.94	0.12	-0.33	0.95	0.78	0.87	0.92	0.74	0.67	0.97	0.68	0.71	0.92	0.7	0.52
Total Stockholder Equity	1.0	0.32	0.86		0.8	-0.1	0.64	0.4	1.0	-0.29	0.59	0.9	-0.04	-0.39	0.96	0.68	0.86	0.96	0.69	0.83	0.8	0.5	0.5	0.93	0.63	0.52
Net Debt	0.78	-0.13	0.69	0.8		0.23	0.7	-0.14	0.85	-0.5	0.04	0.6	-0.4	-0.08	0.69	0.21	0.71	0.84	0.34	0.73	0.72	0.16	0.13	0.7	0.28	0.1
Retained Earnings	-0.15	-0.27	-0.38	-0.1	0.23		-0.24	-0.68	-0.03	0.19	-0.6	-0.43	-0.51	0.48	-0.32	-0.67	-0.39	-0.09	-0.74	0.26	-0.33	-0.91	-0.87	-0.3	-0.72	-0.67
Accounts Payable	0.65	-0.36	0.67	0.64	0.7	-0.24		0.25	0.65	-0.8	0.32	0.55	0.02	-0.37	0.67	0.45	0.83	0.62	0.6	0.36	0.61	0.49	0.49	0.74	0.7	0.59
Cash	0.45	0.52	0.51	0.4	-0.14	-0.68	0.25		0.32	-0.14	0.97	0.62	0.63	-0.72	0.6	0.9	0.53	0.3	0.77	0.06	0.37	0.71	0.81	0.61	0.75	0.87
Non Current Assets Total	0.99	0.27	0.85	1.0	0.85	-0.03	0.65	0.32		-0.3	0.52	0.87	-0.11	-0.33	0.94	0.61	0.85	0.97	0.64	0.85	0.81	0.44	0.44	0.91	0.58	0.45
Non Currrent Assets Other	-0.3	0.53	-0.39	-0.29	-0.5	0.19	-0.8	-0.14	-0.3		-0.12	-0.27	-0.02	0.45	-0.35	-0.22	-0.64	-0.27	-0.43	0.09	-0.38	-0.31	-0.32	-0.5	-0.41	-0.44
Cash And Short Term Investments	0.63	0.6	0.65	0.59	0.04	-0.6	0.32	0.97	0.52	-0.12		0.75	0.58	-0.67	0.75	0.95	0.63	0.5	0.8	0.3	0.51	0.71	0.8	0.73	0.78	0.86
Net Receivables	0.92	0.53	0.94	0.9	0.6	-0.43	0.55	0.62	0.87	-0.27	0.75		0.2	-0.47	0.96	0.88	0.86	0.9	0.83	0.66	0.88	0.74	0.78	0.92	0.75	0.62
Common Stock Shares Outstanding	0.0	0.42	0.12	-0.04	-0.4	-0.51	0.02	0.63	-0.11	-0.02	0.58	0.2		-0.48	0.15	0.55	0.02	-0.05	0.31	-0.12	-0.06	0.39	0.47	0.14	0.36	0.54
Other Stockholder Equity	-0.41	-0.14	-0.33	-0.39	-0.08	0.48	-0.37	-0.72	-0.33	0.45	-0.67	-0.47	-0.48		-0.49	-0.67	-0.59	-0.22	-0.73	0.08	-0.19	-0.55	-0.63	-0.58	-0.65	-0.8
Total Liab	0.97	0.4	0.95	0.96	0.69	-0.32	0.67	0.6	0.94	-0.35	0.75	0.96	0.15	-0.49		0.84	0.91	0.94	0.81	0.72	0.88	0.66	0.7	0.98	0.75	0.66
Total Current Assets	0.72	0.57	0.78	0.68	0.21	-0.67	0.45	0.9	0.61	-0.22	0.95	0.88	0.55	-0.67	0.84		0.75	0.63	0.89	0.37	0.64	0.83	0.91	0.82	0.86	0.85
Property Plant And Equipment Net	0.88	0.06	0.87	0.86	0.71	-0.39	0.83	0.53	0.85	-0.64	0.63	0.86	0.02	-0.59	0.91	0.75		0.81	0.87	0.47	0.81	0.7	0.72	0.95	0.82	0.72
Other Current Assets	0.97	0.36	0.92	0.96	0.84	-0.09	0.62	0.3	0.97	-0.27	0.5	0.9	-0.05	-0.22	0.94	0.63	0.81		0.61	0.88	0.89	0.48	0.48	0.89	0.55	0.38
Property Plant And Equipment Gross	0.72	0.28	0.74	0.69	0.34	-0.74	0.6	0.77	0.64	-0.43	0.8	0.83	0.31	-0.73	0.81	0.89	0.87	0.61		0.24	0.66	0.93	0.92	0.82	0.92	0.88
Short Term Investments	0.82	0.41	0.67	0.83	0.73	0.26	0.36	0.06	0.85	0.09	0.3	0.66	-0.12	0.08	0.72	0.37	0.47	0.88	0.24		0.63	0.12	0.12	0.63	0.24	0.1
Short Term Debt	0.83	0.34	0.97	0.8	0.72	-0.33	0.61	0.37	0.81	-0.38	0.51	0.88	-0.06	-0.19	0.88	0.64	0.81	0.89	0.66	0.63		0.62	0.62	0.84	0.57	0.36
Common Stock Total Equity	0.54	0.32	0.68	0.5	0.16	-0.91	0.49	0.71	0.44	-0.31	0.71	0.74	0.39	-0.55	0.66	0.83	0.7	0.48	0.93	0.12	0.62		0.95	0.64	0.88	0.78
Common Stock	0.55	0.39	0.71	0.5	0.13	-0.87	0.49	0.81	0.44	-0.32	0.8	0.78	0.47	-0.63	0.7	0.91	0.72	0.48	0.92	0.12	0.62	0.95		0.69	0.91	0.81
Short Long Term Debt Total	0.95	0.27	0.92	0.93	0.7	-0.3	0.74	0.61	0.91	-0.5	0.73	0.92	0.14	-0.58	0.98	0.82	0.95	0.89	0.82	0.63	0.84	0.64	0.69		0.77	0.7
Net Tangible Assets	0.66	0.16	0.7	0.63	0.28	-0.72	0.7	0.75	0.58	-0.41	0.78	0.75	0.36	-0.65	0.75	0.86	0.82	0.55	0.92	0.24	0.57	0.88	0.91	0.77		0.9
Current Deferred Revenue	0.55	0.15	0.52	0.52	0.1	-0.67	0.59	0.87	0.45	-0.44	0.86	0.62	0.54	-0.8	0.66	0.85	0.72	0.38	0.88	0.1	0.36	0.78	0.81	0.7	0.9

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Aurora Cannabis Account Relationship Matchups

Aurora Cannabis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8B	2.6B	1.1B	926.3M	838.7M	978.8M
Other Current Liab	(81.3M)	40.0M	79.5M	44.4M	21.0M	10.8M
Total Current Liabilities	272.8M	116.4M	145.2M	237.7M	124.6M	88.5M
Total Stockholder Equity	2.2B	2.0B	661.8M	490.6M	559.8M	738.4M
Net Debt	369.1M	(21.9M)	(168.3M)	(73.3M)	(8.6M)	(8.2M)
Retained Earnings	(3.6B)	(4.3B)	(6.0B)	(6.3B)	(6.4B)	(6.0B)
Accounts Payable	95.6M	13.3M	13.9M	21.9M	20.3M	16.1M
Cash	162.2M	421.5M	437.8M	300.8M	113.4M	113.9M
Non Current Assets Total	2.4B	1.9B	339.2M	446.4M	412.1M	744.6M
Non Currrent Assets Other	(2.3B)	(42.5M)	(305.4M)	14.1M	12.0M	12.6M
Cash And Short Term Investments	169.2M	425.2M	439.1M	300.8M	117.5M	128.4M
Net Receivables	54.1M	56.5M	47.1M	41.3M	45.4M	23.2M
Common Stock Shares Outstanding	9.7M	16.9M	214.9M	32.3M	43.2M	24.8M
Liabilities And Stockholders Equity	2.8B	2.6B	1.1B	926.3M	838.7M	978.8M
Other Stockholder Equity	(41.8M)	(65.5M)	(54.5M)	(1.0)	(0.9)	(0.94)
Total Liab	657.2M	567.0M	422.0M	404.6M	236.8M	236.8M
Total Current Assets	420.7M	665.9M	745.1M	479.9M	426.6M	234.2M
Accumulated Other Comprehensive Income	(41.8M)	(65.5M)	(54.5M)	(58.3M)	(43.7M)	(41.5M)
Property Plant And Equipment Net	946.4M	606.1M	233.5M	323.0M	294.3M	225.4M
Other Current Assets	22.1M	11.2M	6.5M	8.9M	9.4M	8.2M
Property Plant And Equipment Gross	946.4M	1.1B	709.4M	562.0M	646.3M	678.6M
Short Term Investments	7.1M	3.8M	1.3M	0.0	4.0M	3.8M
Short Term Debt	152.6M	40.9M	33.0M	147.6M	57.2M	59.1M
Common Stock	5.8B	6.4B	6.8B	6.8B	7.0B	3.6B
Short Long Term Debt Total	531.2M	399.6M	269.5M	227.5M	104.8M	99.6M
Net Tangible Assets	506.6M	792.0M	774.7M	588.0M	676.2M	415.8M
Current Deferred Revenue	3.5M	4.2M	3.9M	1.7M	1.7M	2.0M
Other Assets	57.8M	77.3M	33.9M	38.5M	44.3M	47.2M
Short Long Term Debt	152.6M	34.7M	26.9M	52.4M	60.2M	65.1M
Intangible Assets	412.3M	367.4M	70.7M	61.4M	40.9M	38.8M
Property Plant Equipment	928.2M	598.3M	230.3M	323.0M	371.4M	345.8M
Long Term Debt	294.9M	293.2M	199.7M	36.2M	4.9M	4.7M
Long Term Debt Total	378.6M	358.6M	236.5M	80.0M	92.0M	87.4M
Non Current Liabilities Total	384.4M	450.7M	276.8M	166.9M	112.2M	106.6M
Inventory	157.3M	137.7M	139.9M	128.8M	186.4M	107.2M
Long Term Investments	118.8M	18.1M	289K	1.2M	1.1M	1.0M
Other Liab	280.3M	5.8M	92.0M	40.3M	36.3M	65.7M
Good Will	928.4M	887.7M	0.0	18.7M	43.2M	41.0M

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 together with Aurora Stock

0.64	AEMC	Alaska Energy Metals	Pair Corr
0.78	CMC	Cielo Waste Solutions	Pair Corr

Moving against Aurora Stock

0.72	MATE	Blockmate Ventures	Pair Corr
0.68	LQWD	LQwD FinTech Corp	Pair Corr

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 Correlation Correlation 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:

How To Invest In Aurora

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Is Aurora Stock a good investment?

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What is Aurora Cannabis' Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Aurora Income Quality vs Pfcf Ratio Analysis

Income Quality vs Pfcf Ratio

Income Quality vs Pfcf Ratio Correlation Analysis

Correlation Coefficient

Income Quality

Pfcf Ratio

Aurora Cannabis fundamental ratios Correlations

Aurora Cannabis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aurora Cannabis fundamental ratios Accounts

Pair Trading with Aurora Cannabis

Moving together with Aurora Stock

Moving against Aurora Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Assets
Short Long Term Debt Total	+ 0.98	Total Liab
Total Liab	+ 0.97	Total Assets
Other Current Assets	+ 0.97	Total Assets

Common Stock Total Equity	- 0.91	Retained Earnings
Common Stock	- 0.87	Retained Earnings
Current Deferred Revenue	- 0.8	Other Stockholder Equity
Non Currrent Assets Other	- 0.8	Accounts Payable
Property Plant And Equipment Gross	- 0.74	Retained Earnings
Property Plant And Equipment Gross	- 0.73	Other Stockholder Equity