Aurora Cannabis Stock Alpha and Beta Analysis
| ACB Stock | USD 4.54 0.13 2.95% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Aurora Cannabis. It also helps investors analyze the systematic and unsystematic risks associated with investing in Aurora Cannabis over a specified time horizon. Remember, high Aurora Cannabis' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Aurora Cannabis' market risk premium analysis include:
Beta (0.08) | Alpha (0.39) | Risk 3.76 | Sharpe Ratio (0.10) | Expected Return (0.38) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Aurora |
Aurora Cannabis Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Aurora Cannabis market risk premium is the additional return an investor will receive from holding Aurora Cannabis long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Aurora Cannabis. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Aurora Cannabis' performance over market.| α | -0.39 | β | -0.08 |
Aurora Cannabis expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Aurora Cannabis' Buy-and-hold return. Our buy-and-hold chart shows how Aurora Cannabis performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Aurora Cannabis Market Price Analysis
Market price analysis indicators help investors to evaluate how Aurora Cannabis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aurora Cannabis shares will generate the highest return on investment. By understating and applying Aurora Cannabis stock market price indicators, traders can identify Aurora Cannabis position entry and exit signals to maximize returns.
Aurora Cannabis Return and Market Media
The median price of Aurora Cannabis for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 5.59 with a coefficient of variation of 10.39. The daily time series for the period is distributed with a sample standard deviation of 0.56, arithmetic mean of 5.41, and mean deviation of 0.44. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Is It Time to Load Up on Aurora Cannabis Stock | 10/09/2024 |
2 | Jazz Pharmaceuticals Reports Strong Q3 Will Debt Weigh On Its Future Growth | 11/06/2024 |
3 | Aurora vs. Canopy Tilray Which NASDAQ-Listed Cannabis Stock Offers The Best Growth Potential | 11/07/2024 |
4 | Aurora Cannabis Shares Drop Amidst Financial Performance Concerns | 11/13/2024 |
5 | Aurora Cannabis snaps eight straight sessions of losses | 11/18/2024 |
6 | Canopy Growth, Aurora And Another Cannabis Giant Unveil Product Innovations, Heres Whats New | 11/20/2024 |
7 | Aurora Cannabis Reveals Latest Product Innovations Ultra-High Potency Indicas And Strains For Veterans | 11/26/2024 |
About Aurora Cannabis Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Aurora or other stocks. Alpha measures the amount that position in Aurora Cannabis has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 77.59 | 64.69 | 61.33 | 106.78 | PTB Ratio | 5.52 | 0.63 | 0.5 | 0.47 |
Aurora Cannabis Upcoming Company Events
As portrayed in its financial statements, the presentation of Aurora Cannabis' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Aurora Cannabis' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Aurora Cannabis' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Aurora Cannabis. Please utilize our Beneish M Score to check the likelihood of Aurora Cannabis' management manipulating its earnings.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 12th of June 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 12th of June 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Build Portfolio with Aurora Cannabis
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Aurora Cannabis Backtesting, Aurora Cannabis Valuation, Aurora Cannabis Correlation, Aurora Cannabis Hype Analysis, Aurora Cannabis Volatility, Aurora Cannabis History and analyze Aurora Cannabis Performance. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Aurora Cannabis technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.