Aurora Spine Correlations
| ASAPF Stock | USD 0.29 0.01 3.33% |
The current 90-days correlation between Aurora Spine and Anteris Technologies is -0.23 (i.e., Very good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Aurora Spine Correlation With Market
Significant diversification
The correlation between Aurora Spine and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Spine and DJI in the same portfolio, assuming nothing else is changed.
Aurora |
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 to buy it.
Moving together with Aurora OTC Stock
| 0.69 | SYK | Stryker | PairCorr |
| 0.7 | BSX | Boston Scientific Corp | PairCorr |
| 0.68 | DXCM | DexCom Inc | PairCorr |
| 0.85 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | HPQ | HP Inc | PairCorr |
| 0.75 | DIS | Walt Disney | PairCorr |
| 0.84 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | T | ATT Inc Aggressive Push | PairCorr |
Moving against Aurora OTC Stock
| 0.81 | PHG | Koninklijke Philips | PairCorr |
| 0.75 | BKLRF | Berkeley Energy | PairCorr |
| 0.66 | SMMNY | Siemens Healthineers | PairCorr |
| 0.62 | SEMHF | Siemens Healthineers | PairCorr |
| 0.62 | LNDNF | Lundin Energy AB | PairCorr |
| 0.36 | AWCMY | Alumina Limited PK | PairCorr |
| 0.92 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.8 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.78 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.57 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.5 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.39 | VZ | Verizon Communications Sell-off Trend | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aurora OTC Stock performing well and Aurora Spine OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aurora Spine's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AIMDW | 22.95 | 5.85 | 0.17 | (1.06) | 19.16 | 76.79 | 283.46 | |||
| ARMM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CLLKF | 1.58 | (0.53) | 0.00 | (0.50) | 0.00 | 0.00 | 47.52 | |||
| BBLGW | 5.38 | 1.14 | 0.00 | 1.11 | 0.00 | 0.00 | 183.08 | |||
| BCCOY | 0.78 | (0.27) | 0.00 | (0.36) | 0.00 | 0.00 | 35.57 | |||
| AMEUF | 3.17 | (0.70) | 0.00 | (0.18) | 0.00 | 7.73 | 34.22 | |||
| BRSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TNON | 7.90 | (0.14) | 0.00 | (0.20) | 0.00 | 34.08 | 90.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aurora Spine without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Aurora Spine Corporate Management
Elected by the shareholders, the Aurora Spine's board of directors comprises two types of representatives: Aurora Spine inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aurora. The board's role is to monitor Aurora Spine's management team and ensure that shareholders' interests are well served. Aurora Spine's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aurora Spine's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Trent Northcutt | President, Founder | Profile | |
| David Meyer | Chief VP | Profile | |
| Laszlo Garamszegi | CTO Founder | Profile | |
| Chad Clouse | Chief Officer | Profile |