Bwv Etf Z Score

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.

In accordance with the company's disclosures, BWV has a Z Score of -1.71. This is much lower than that of the Biotechnology family and significantly lower than that of the Health Care category. The z score for all United States etfs is notably higher than that of the company.

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When running BWV's price analysis, check to measure BWV'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 BWV is operating at the current time. Most of BWV's value examination focuses on studying past and present price action to predict the probability of BWV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BWV's price. Additionally, you may evaluate how the addition of BWV to your portfolios can decrease your overall portfolio volatility.