Aurora Innovation Stock Beta
| AUROW Stock | USD 1.15 0.21 22.34% |
Aurora Innovation fundamentals help investors to digest information that contributes to Aurora Innovation'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 Innovation'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 Innovation stock.
Aurora | Beta |
Aurora Innovation Company Beta Analysis
Aurora Innovation's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Aurora Innovation Beta | 2.84 |
Most of Aurora Innovation's fundamental indicators, such as Beta, 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 Innovation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aurora Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Aurora Innovation is extremely important. It helps to project a fair market value of Aurora Stock properly, considering its historical fundamentals such as Beta. Since Aurora Innovation'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 Innovation'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 Innovation's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Aurora Innovation has a Beta of 2.835. This is 167.45% higher than that of the Software sector and 130.49% higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Aurora Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aurora Innovation's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aurora Innovation could also be used in its relative valuation, which is a method of valuing Aurora Innovation by comparing valuation metrics of similar companies.Aurora Innovation is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aurora Innovation will likely underperform.
Aurora Fundamentals
| Return On Equity | -0.36 | ||||
| Return On Asset | -0.21 | ||||
| Number Of Shares Shorted | 5.75 K | ||||
| EBITDA | (748 M) | ||||
| Net Income | (796 M) | ||||
| Cash And Equivalents | 784.81 M | ||||
| Cash Per Share | 3.15 X | ||||
| Total Debt | 122 M | ||||
| Debt To Equity | 0.05 % | ||||
| Current Ratio | 11.17 X | ||||
| Book Value Per Share | 1.18 X | ||||
| Cash Flow From Operations | (598 M) | ||||
| Earnings Per Share | (2.27) X | ||||
| Number Of Employees | 1.8 K | ||||
| Beta | 2.84 | ||||
| Total Asset | 2.23 B | ||||
| Retained Earnings | (3.61 B) | ||||
| Working Capital | 1.11 B | ||||
| Net Asset | 2.23 B |
About Aurora Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aurora Innovation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aurora Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aurora Innovation 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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Aurora Stock Analysis
When running Aurora Innovation's price analysis, check to measure Aurora Innovation'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 Innovation is operating at the current time. Most of Aurora Innovation's value examination focuses on studying past and present price action to predict the probability of Aurora Innovation'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 Innovation's price. Additionally, you may evaluate how the addition of Aurora Innovation to your portfolios can decrease your overall portfolio volatility.