Aurora Spine Stock Market Value
| ASAPF Stock | USD 0.20 0.01 4.76% |
| Symbol | Aurora |
Aurora Spine '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 Spine's otc 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 Spine.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Aurora Spine on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Aurora Spine or generate 0.0% return on investment in Aurora Spine over 90 days. Aurora Spine is related to or competes with Ainos, Cellink AB, BICO Group, Brain Scientific, and Tenon Medical. Aurora Spine Corporation, through its subsidiary, Aurora Spine, Inc., engages in the development and distribution of min... More
Aurora Spine 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 Spine's otc 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 Spine upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 22.71 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 4.55 |
Aurora Spine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora Spine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora Spine's standard deviation. In reality, there are many statistical measures that can use Aurora Spine historical prices to predict the future Aurora Spine's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (2.36) |
Aurora Spine Backtested Returns
Aurora Spine secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17 % return per unit of risk over the last 3 months. Aurora Spine exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aurora Spine's Risk Adjusted Performance of (0.10), standard deviation of 3.82, and Mean Deviation of 2.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aurora Spine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aurora Spine is expected to be smaller as well. At this point, Aurora Spine has a negative expected return of -0.65%. Please make sure to confirm Aurora Spine's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Aurora Spine performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Aurora Spine has good reverse predictability. Overlapping area represents the amount of predictability between Aurora Spine 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 Spine price movement. The serial correlation of -0.53 indicates that about 53.0% of current Aurora Spine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurora Spine lagged returns against current returns
Autocorrelation, which is Aurora Spine otc 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 Spine's otc stock expected returns. We can calculate the autocorrelation of Aurora Spine returns to help us make a trade decision. For example, suppose you find that Aurora Spine has exhibited high autocorrelation historically, and you observe that the otc 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 Spine 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 Spine otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Spine otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Spine otc stock over time.
Current vs Lagged Prices |
| Timeline |
Aurora Spine Lagged Returns
When evaluating Aurora Spine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora Spine otc stock have on its future price. Aurora Spine 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 Spine autocorrelation shows the relationship between Aurora Spine otc stock current value and its past values and can show if there is a momentum factor associated with investing in Aurora Spine.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aurora OTC Stock
Aurora Spine financial ratios help investors to determine whether Aurora OTC Stock 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 Spine security.