Exchange Traded Concepts Etf Z Score
| BNE Etf | USD 22.49 0.00 0.00% |
Exchange |
Exchange Traded Concepts ETF Z Score Analysis
Exchange Traded's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
CompetitionIn accordance with the company's disclosures, Exchange Traded Concepts has a Z Score of 0.0. This indicator is about the same for the Genlith average (which is currently at 0.0) family and about the same as Miscellaneous Sector (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Exchange Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Exchange Traded's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Exchange Traded could also be used in its relative valuation, which is a method of valuing Exchange Traded by comparing valuation metrics of similar companies.Exchange Traded is currently under evaluation in z score as compared to similar ETFs.
Fund Asset Allocation for Exchange Traded
The fund invests 99.68% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Exchange Traded's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Exchange Fundamentals
| Return On Equity | -0.074 | |||
| Return On Asset | -0.034 | |||
| Profit Margin | (0.03) % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 285.92 M | |||
| Shares Outstanding | 40.08 M | |||
| Price To Earning | (13.36) X | |||
| Price To Book | 1.06 X | |||
| Price To Sales | 0.40 X | |||
| Revenue | 675.8 M | |||
| Gross Profit | 225.72 M | |||
| EBITDA | 18.64 M | |||
| Net Income | (16.59 M) | |||
| Cash And Equivalents | 22.06 M | |||
| Cash Per Share | 0.66 X | |||
| Total Debt | 14.28 M | |||
| Debt To Equity | 0.83 % | |||
| Current Ratio | 1.73 X | |||
| Book Value Per Share | 6.27 X | |||
| Cash Flow From Operations | 43.05 M | |||
| Earnings Per Share | (0.23) X | |||
| Beta | 1.42 | |||
| Market Capitalization | 267.76 M | |||
| Total Asset | 6.28 M | |||
| Retained Earnings | 293.04 M | |||
| Working Capital | 84.52 M | |||
| Current Asset | 200.87 M | |||
| Current Liabilities | 116.35 M | |||
| One Year Return | (18.52) % | |||
| Net Asset | 6.28 M | |||
| Equity Positions Weight | 99.68 % |
About Exchange Traded Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Exchange Traded Concepts's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Exchange Traded using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Exchange Traded Concepts based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.When determining whether Exchange Traded Concepts is a strong investment it is important to analyze Exchange Traded's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Exchange Traded's future performance. For an informed investment choice regarding Exchange Etf, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of Exchange Traded Concepts is measured differently than its book value, which is the value of Exchange that is recorded on the company's balance sheet. Investors also form their own opinion of Exchange Traded's value that differs from its market value or its book value, called intrinsic value, which is Exchange Traded's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Exchange Traded's market value can be influenced by many factors that don't directly affect Exchange Traded's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Exchange Traded's value and its price as these two are different measures arrived at by different means. Investors typically determine if Exchange Traded is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exchange Traded's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.