Gigasolar Materials Stock Probability Of Bankruptcy
| 3691 Stock | TWD 83.10 1.40 1.66% |
Gigasolar |
Gigasolar Materials Company odds of financial turmoil Analysis
Gigasolar Materials' Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Gigasolar Materials Probability Of Bankruptcy | Less than 30% |
Most of Gigasolar Materials' fundamental indicators, such as Probability Of Bankruptcy, 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, Gigasolar Materials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Gigasolar Materials probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Gigasolar Materials odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Gigasolar Materials financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Gigasolar Materials has a Probability Of Bankruptcy of 30.0%. This is 25.85% lower than that of the Technology sector and 42.26% lower than that of the Solar industry. The probability of bankruptcy for all Taiwan stocks is 24.68% higher than that of the company.
Gigasolar Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Gigasolar Materials' direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Gigasolar Materials could also be used in its relative valuation, which is a method of valuing Gigasolar Materials by comparing valuation metrics of similar companies.Gigasolar Materials is rated below average in probability of bankruptcy category among its peers.
Gigasolar Fundamentals
| Return On Equity | -0.0512 | |||
| Return On Asset | -0.0184 | |||
| Profit Margin | (0.06) % | |||
| Operating Margin | (0.06) % | |||
| Current Valuation | 10.13 B | |||
| Shares Outstanding | 91.13 M | |||
| Shares Owned By Insiders | 55.06 % | |||
| Shares Owned By Institutions | 5.41 % | |||
| Price To Book | 1.29 X | |||
| Price To Sales | 1.47 X | |||
| Revenue | 7.63 B | |||
| Gross Profit | 576.82 M | |||
| EBITDA | (53.26 M) | |||
| Net Income | (375.46 M) | |||
| Cash And Equivalents | 3 B | |||
| Cash Per Share | 49.18 X | |||
| Total Debt | 1.98 B | |||
| Debt To Equity | 142.70 % | |||
| Current Ratio | 1.77 X | |||
| Book Value Per Share | 86.65 X | |||
| Cash Flow From Operations | 915.85 M | |||
| Earnings Per Share | (5.05) X | |||
| Number Of Employees | 21 | |||
| Beta | 0.98 | |||
| Market Capitalization | 9.89 B | |||
| Total Asset | 12.39 B | |||
| Z Score | 2.4 | |||
| Annual Yield | 0.01 % | |||
| Five Year Return | 4.38 % | |||
| Net Asset | 12.39 B |
About Gigasolar Materials Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gigasolar Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gigasolar Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gigasolar Materials 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.
Pair Trading with Gigasolar Materials
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 Gigasolar Materials 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 Gigasolar Materials will appreciate offsetting losses from the drop in the long position's value.Moving together with Gigasolar Stock
| 0.86 | 3576 | United Renewable Energy | PairCorr |
| 0.92 | 6443 | TSEC Corp | PairCorr |
| 0.73 | 6244 | Motech Industries | PairCorr |
| 0.96 | 4934 | Tainergy Tech | PairCorr |
Moving against Gigasolar Stock
| 0.89 | 2881A | Fubon Financial Holding | PairCorr |
| 0.79 | 2891B | CTBC Financial Holding | PairCorr |
| 0.79 | 2891 | CTBC Financial Holding | PairCorr |
| 0.77 | 2882B | Cathay Financial Holding | PairCorr |
| 0.49 | 2330 | Taiwan Semiconductor | PairCorr |
The ability to find closely correlated positions to Gigasolar Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gigasolar Materials 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 Gigasolar Materials - 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 Gigasolar Materials to buy it.
The correlation of Gigasolar Materials 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 Gigasolar Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gigasolar Materials 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 Gigasolar Materials 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.Additional Tools for Gigasolar Stock Analysis
When running Gigasolar Materials' price analysis, check to measure Gigasolar Materials' 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 Gigasolar Materials is operating at the current time. Most of Gigasolar Materials' value examination focuses on studying past and present price action to predict the probability of Gigasolar Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gigasolar Materials' price. Additionally, you may evaluate how the addition of Gigasolar Materials to your portfolios can decrease your overall portfolio volatility.