Aurora Spine Corp Stock Return On Asset
| ASG Stock | CAD 0.29 0.01 3.57% |
Aurora Spine Corp fundamentals help investors to digest information that contributes to Aurora Spine's financial success or failures. It also enables traders to predict the movement of Aurora Stock. The fundamental analysis module provides a way to measure Aurora Spine's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aurora Spine stock.
Return On Assets is likely to drop to -0.14 in 2024. Aurora | Return On Asset |
Aurora Spine Corp Company Return On Asset Analysis
Aurora Spine's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Aurora Spine Return On Asset | -0.11 |
Most of Aurora Spine's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aurora Spine Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aurora Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Aurora Spine is extremely important. It helps to project a fair market value of Aurora Stock properly, considering its historical fundamentals such as Return On Asset. Since Aurora Spine's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Aurora Spine's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Aurora Spine's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Aurora Total Assets
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Based on the latest financial disclosure, Aurora Spine Corp has a Return On Asset of -0.115. This is 98.69% lower than that of the Health Care Equipment & Supplies sector and 99.36% lower than that of the Health Care industry. The return on asset for all Canada stocks is 17.86% lower than that of the firm.
Aurora Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aurora Spine's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aurora Spine could also be used in its relative valuation, which is a method of valuing Aurora Spine by comparing valuation metrics of similar companies.Aurora Spine is currently under evaluation in return on asset category among related companies.
Aurora Spine Current Valuation Drivers
We derive many important indicators used in calculating different scores of Aurora Spine from analyzing Aurora Spine's financial statements. These drivers represent accounts that assess Aurora Spine's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aurora Spine's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 10.0M | 17.2M | 15.9M | 22.4M | 20.2M | 21.2M | |
| Enterprise Value | 12.0M | 17.8M | 15.1M | 25.0M | 22.5M | 23.6M |
Aurora Fundamentals
| Return On Equity | -0.51 | ||||
| Return On Asset | -0.11 | ||||
| Profit Margin | (0.16) % | ||||
| Operating Margin | (0.05) % | ||||
| Current Valuation | 23.38 M | ||||
| Shares Outstanding | 75.67 M | ||||
| Shares Owned By Insiders | 20.74 % | ||||
| Number Of Shares Shorted | 2.03 K | ||||
| Price To Earning | (1.82) X | ||||
| Price To Book | 4.37 X | ||||
| Price To Sales | 1.58 X | ||||
| Revenue | 14.09 M | ||||
| Gross Profit | 4.83 M | ||||
| EBITDA | (1.21 M) | ||||
| Net Income | (2.23 M) | ||||
| Cash And Equivalents | 821.58 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 2.97 M | ||||
| Debt To Equity | 92.40 % | ||||
| Current Ratio | 2.47 X | ||||
| Book Value Per Share | 0.05 X | ||||
| Cash Flow From Operations | (249.05 K) | ||||
| Short Ratio | 0.16 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 3.6 | ||||
| Beta | 0.64 | ||||
| Market Capitalization | 21.94 M | ||||
| Total Asset | 10.12 M | ||||
| Retained Earnings | (24.09 M) | ||||
| Working Capital | 4.3 M | ||||
| Net Asset | 10.12 M |
About Aurora Spine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aurora Spine Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aurora Spine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aurora Spine Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aurora Spine in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aurora Spine's short interest history, or implied volatility extrapolated from Aurora Spine options trading.
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
| 0.61 | AIDX | HealWELL AI | PairCorr |
| 0.6 | GUD | Knight Therapeutics | PairCorr |
| 0.48 | BRC | Blackrock Silver Corp Earnings Call Tomorrow | PairCorr |
| 0.41 | PSK | PrairieSky Royalty | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Spine Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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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