Aurora Solar Technologies Stock Market Value
| ACU Stock | CAD 0.01 0.01 25.00% |
| Symbol | Aurora |
Aurora Solar Technologies Price To Book Ratio
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 stock 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Aurora Solar on December 17, 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 90 days. 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 stock 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 | 21.22 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
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 | 0.019 | |||
| Jensen Alpha | 0.1853 | |||
| Total Risk Alpha | 1.87 | |||
| Sortino Ratio | 0.0118 | |||
| Treynor Ratio | 0.3524 |
Aurora Solar Technologies Backtested Returns
We have found twenty-eight technical indicators for Aurora Solar Technologies, which you can use to evaluate the volatility of the firm. Please confirm Aurora Solar's Mean Deviation of 8.23, risk adjusted performance of 0.019, and Downside Deviation of 21.22 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aurora Solar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aurora Solar is expected to be smaller as well. Aurora Solar Technologies right now shows a risk of 13.19%. Please confirm Aurora Solar Technologies treynor ratio and the relationship between the downside variance and day typical price , to decide if Aurora Solar Technologies will be following its price patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Aurora Solar Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aurora Solar time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 -0.19 indicates that over 19.0% of current Aurora Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurora Solar Technologies lagged returns against current returns
Autocorrelation, which is Aurora Solar stock'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 stock 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 stock 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Solar stock 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 stock 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 stock 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 |
Thematic Opportunities
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Additional Tools for Aurora Stock Analysis
When running Aurora Solar's price analysis, check to measure Aurora Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aurora Solar is operating at the current time. Most of Aurora Solar's value examination focuses on studying past and present price action to predict the probability of Aurora Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Solar's price. Additionally, you may evaluate how the addition of Aurora Solar to your portfolios can decrease your overall portfolio volatility.