Defiance Etfs Etf Z Score
| EVXX Etf | 27.68 1.13 4.26% |
Defiance |
Defiance ETFs ETF Z Score Analysis
Defiance ETFs' 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.
CompetitionAccording to the company's disclosures, Defiance ETFs has a Z Score of 0.0. This indicator is about the same for the Metals & Mining average (which is currently at 0.0) family and about the same as Materials (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Defiance Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Defiance ETFs' 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 Defiance ETFs could also be used in its relative valuation, which is a method of valuing Defiance ETFs by comparing valuation metrics of similar companies.Defiance ETFs is currently under evaluation in z score as compared to similar ETFs.
About Defiance ETFs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Defiance ETFs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Defiance ETFs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Defiance ETFs 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 Defiance ETFs is a strong investment it is important to analyze Defiance ETFs' 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 Defiance ETFs' future performance. For an informed investment choice regarding Defiance Etf, refer to the following important reports:Check out Investing Opportunities 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 interest. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Defiance ETFs is measured differently than its book value, which is the value of Defiance that is recorded on the company's balance sheet. Investors also form their own opinion of Defiance ETFs' value that differs from its market value or its book value, called intrinsic value, which is Defiance ETFs' 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 Defiance ETFs' market value can be influenced by many factors that don't directly affect Defiance ETFs' 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 Defiance ETFs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Defiance ETFs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defiance ETFs' 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.