Aurora Inventory Turnover from 2010 to 2024
| ASG Stock | CAD 0.27 0.01 3.57% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 2.08 | Current Value 1.66 | Quarterly Volatility 1.3527681 |
Check Aurora Spine financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aurora main balance sheet or income statement drivers, such as Depreciation And Amortization of 660.3 K, Selling General Administrative of 4.9 M or Selling And Marketing Expenses of 1.3 M, as well as many exotic indicators such as Price To Sales Ratio of 2.43, Dividend Yield of 0.0 or PTB Ratio of 10.0. Aurora financial statements analysis is a perfect complement when working with Aurora Spine Valuation or Volatility modules.
Aurora | Inventory Turnover |
Pair Trading with Aurora Spine
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 Spine 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 Spine will appreciate offsetting losses from the drop in the long position's value.Moving against Aurora Stock
| 0.54 | RY-PS | Royal Bank | PairCorr |
| 0.53 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.48 | TD-PFM | Toronto Dominion Bank | PairCorr |
| 0.44 | TD-PFL | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Aurora Spine 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 Spine 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 Spine - 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 Spine Corp to buy it.
The correlation of Aurora Spine 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 Spine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Spine Corp 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 Spine 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.Check out the analysis of Aurora Spine Correlation against competitors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Aurora Stock analysis
When running Aurora Spine's price analysis, check to measure Aurora Spine'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 Spine is operating at the current time. Most of Aurora Spine's value examination focuses on studying past and present price action to predict the probability of Aurora Spine'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 Spine's price. Additionally, you may evaluate how the addition of Aurora Spine to your portfolios can decrease your overall portfolio volatility.
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