Aurora Innovation Correlations

AUR Stock

USD 4.07 0.05 1.21%

The current 90-days correlation between Aurora Innovation and Applied Digital is 0.39 (i.e., Weak diversification). The correlation of Aurora Innovation 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aurora Innovation Correlation With Market

Very weak diversification

The correlation between Aurora Innovation and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Innovation and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aurora Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Innovation guide.

Moving together with Aurora Stock

0.84	DV	DoubleVerify Holdings	Pair Corr
0.94	JG	Aurora Mobile	Pair Corr
0.61	MQ	Marqeta	Pair Corr
0.61	PD	Pagerduty	Pair Corr
0.81	ZD	Ziff Davis	Pair Corr
0.88	DMRC	Digimarc	Pair Corr
0.76	DOCU	DocuSign	Pair Corr
0.73	MSFT	Microsoft Corp CDR	Pair Corr
0.61	ENLV	Enlivex Therapeutics	Pair Corr
0.66	WDAY	Workday Sell-off Trend	Pair Corr
0.71	EVCM	EverCommerce Tech Boost	Pair Corr
0.9	EXFY	Expensify	Pair Corr
0.89	FIVN	Five9 Inc	Pair Corr
0.78	688590	Shanghai Newtouch	Pair Corr
0.93	BMR	Beamr Imaging	Pair Corr
0.77	BOX	Box Inc	Pair Corr
0.64	CXM	Sprinklr	Pair Corr
0.92	CYN	Cyngn Inc	Pair Corr
0.87	FIG	Figma, Inc	Pair Corr

Moving against Aurora Stock

0.67	WK	Workiva	Pair Corr
0.48	BL	Blackline	Pair Corr
0.67	FICO	Fair Isaac	Pair Corr
0.57	DSP	Viant Technology	Pair Corr
0.48	TTGI	Turnium Technology	Pair Corr
0.9	FRGE	Forge Global Holdings	Pair Corr
0.71	VHC	VirnetX Holding Corp	Pair Corr
0.66	PRO	PROS Holdings	Pair Corr
0.46	LAW	CS Disco LLC	Pair Corr
0.31	MRT	Marti Technologies	Pair Corr

Related Correlations Analysis

	APLD	EPAM	JKHY	TTAN	OTEX	MKSI	DOX	ESTC	IDCC	CACI
APLD		-0.1	-0.08	-0.24	0.41	0.32	0.32	0.01	0.76	0.18	APLD
EPAM	-0.1		0.95	-0.12	-0.86	0.86	-0.67	-0.53	-0.05	0.75	EPAM
JKHY	-0.08	0.95		-0.09	-0.81	0.8	-0.67	-0.63	-0.09	0.68	JKHY
TTAN	-0.24	-0.12	-0.09		0.27	-0.32	0.4	0.15	-0.25	-0.6	TTAN
OTEX	0.41	-0.86	-0.81	0.27		-0.64	0.82	0.47	0.34	-0.69	OTEX
MKSI	0.32	0.86	0.8	-0.32	-0.64		-0.49	-0.48	0.31	0.83	MKSI
DOX	0.32	-0.67	-0.67	0.4	0.82	-0.49		0.63	0.42	-0.58	DOX
ESTC	0.01	-0.53	-0.63	0.15	0.47	-0.48	0.63		0.18	-0.38	ESTC
IDCC	0.76	-0.05	-0.09	-0.25	0.34	0.31	0.42	0.18		0.28	IDCC
CACI	0.18	0.75	0.68	-0.6	-0.69	0.83	-0.58	-0.38	0.28		CACI
	APLD	EPAM	JKHY	TTAN	OTEX	MKSI	DOX	ESTC	IDCC	CACI

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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

JKHY	+ 0.95	EPAM
MKSI	+ 0.86	EPAM
CACI	+ 0.83	MKSI
DOX	+ 0.82	OTEX
MKSI	+ 0.8	JKHY
IDCC	+ 0.76	APLD

High negative correlations

OTEX	- 0.86	EPAM
OTEX	- 0.81	JKHY
CACI	- 0.69	OTEX
DOX	- 0.67	JKHY
DOX	- 0.67	EPAM
MKSI	- 0.64	OTEX

Risk-Adjusted Indicators

There is a big difference between Aurora Stock performing well and Aurora Innovation Company 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 Innovation'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
APLD	4.52	0.49	0.07	0.92	5.87	(4.42)	9.01	(9.36)	36.90
EPAM	1.46	0.37	0.19	0.40	1.55	(1.55)	4.05	(2.73)	9.22
JKHY	0.98	0.23	0.15	0.56	0.95	(1.09)	2.03	(1.77)	6.27
TTAN	1.86	(0.18)	0.00	(0.15)	0.00	0.00	3.19	(3.80)	12.35
OTEX	1.15	(0.24)	0.00	(0.18)	0.00	0.00	1.98	(2.84)	8.18
MKSI	2.51	0.37	0.12	0.24	3.22	(2.74)	6.07	(5.92)	18.45
DOX	0.91	(0.10)	0.00	(0.18)	0.00	0.00	1.38	(1.79)	10.59
ESTC	2.14	(0.23)	0.00	(0.78)	0.00	0.00	3.82	(3.76)	20.71
IDCC	2.03	0.05	0.02	0.12	2.62	(2.04)	3.68	(3.96)	14.13
CACI	1.27	0.17	0.08	0.45	1.35	(1.40)	2.20	(2.54)	15.64

Aurora Innovation Corporate Management

Gerardo Interiano	Vice Affairs	Profile
Richard Tame	Chief Officer	Profile
Nolan Shenai	Secretary Counsel	Profile
Stacy CFA	Vice Relations	Profile
Christopher Urmson	President, CoFounder	Profile

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