Aurora Solar Technologies Stock Market Value
| AACTF Stock | USD 0.02 0 13.89% |
| Symbol | Aurora |
Aurora Solar 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Aurora Solar's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Aurora Solar.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Aurora Solar on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Aurora Solar Technologies or generate 0.0% return on investment in Aurora Solar over 30 days. Aurora Solar is related to or competes with NRx Pharmaceuticals, Aerovate Therapeutics, Akari Therapeutics, Armata Pharmaceuticals, Anebulo Pharmaceuticals, Processa Pharmaceuticals, and Inhibikase Therapeutics. Aurora Solar Technologies Inc. develops, manufactures, and markets production measurement and control systems for the so... More
Aurora Solar Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aurora Solar's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Aurora Solar Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.4 | |||
| Information Ratio | 0.0142 | |||
| Maximum Drawdown | 71.63 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 20.0 |
Aurora Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora Solar's standard deviation. In reality, there are many statistical measures that can use Aurora Solar historical prices to predict the future Aurora Solar's volatility.| Risk Adjusted Performance | 0.0232 | |||
| Jensen Alpha | 0.1958 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0131 | |||
| Treynor Ratio | (28.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aurora Solar's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aurora Solar Technologies Backtested Returns
Aurora Solar appears to be out of control, given 3 months investment horizon. Aurora Solar Technologies secures Sharpe Ratio (or Efficiency) of 0.0339, which signifies that the company had a 0.0339% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Aurora Solar Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Aurora Solar's Risk Adjusted Performance of 0.0232, downside deviation of 13.4, and Mean Deviation of 8.43 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aurora Solar holds a performance score of 2. The firm shows a Beta (market volatility) of -0.0068, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aurora Solar are expected to decrease at a much lower rate. During the bear market, Aurora Solar is likely to outperform the market. Please check Aurora Solar's treynor ratio and the relationship between the downside variance and day typical price , to make a quick decision on whether Aurora Solar's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Aurora Solar Technologies has poor predictability. Overlapping area represents the amount of predictability between Aurora Solar time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aurora Solar Technologies price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Aurora Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurora Solar Technologies lagged returns against current returns
Autocorrelation, which is Aurora Solar pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Aurora Solar's pink sheet expected returns. We can calculate the autocorrelation of Aurora Solar returns to help us make a trade decision. For example, suppose you find that Aurora Solar has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aurora Solar regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Aurora Solar pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Solar pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Solar pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aurora Solar Lagged Returns
When evaluating Aurora Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora Solar pink sheet have on its future price. Aurora Solar autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Aurora Solar autocorrelation shows the relationship between Aurora Solar pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aurora Solar Technologies.
Regressed Prices |
| Timeline |
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Other Information on Investing in Aurora Pink Sheet
Aurora Solar financial ratios help investors to determine whether Aurora Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aurora with respect to the benefits of owning Aurora Solar security.