Grocery Outlet Holding Stock Z Score
| GO Stock | USD 21.25 0.09 0.43% |
Grocery | Z Score |
Grocery Outlet Holding Company Z Score Analysis
Grocery Outlet'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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Grocery Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Grocery Outlet is extremely important. It helps to project a fair market value of Grocery Stock properly, considering its historical fundamentals such as Z Score. Since Grocery Outlet's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Grocery Outlet's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Grocery Outlet's interrelated accounts and indicators.
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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.
| Competition |
According to the company's disclosures, Grocery Outlet Holding has a Z Score of 0.0. This is 100.0% lower than that of the Consumer Staples Distribution & Retail sector and 100.0% lower than that of the Consumer Staples industry. The z score for all United States stocks is 100.0% higher than that of the company.
Grocery Outlet ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Grocery Outlet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Grocery Outlet's managers, analysts, and investors.Environmental | Governance | Social |
Grocery Outlet Institutional Holders
Institutional Holdings refers to the ownership stake in Grocery Outlet that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Grocery Outlet's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Grocery Outlet's value.| Shares | Jackson Square Partners, Llc | 2024-06-30 | 2.8 M | Solel Partners Lp | 2024-09-30 | 2.4 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 2 M | Neuberger Berman Group Llc | 2024-06-30 | 2 M | Millennium Management Llc | 2024-06-30 | 2 M | Hhg Plc | 2024-06-30 | 1.9 M | Geode Capital Management, Llc | 2024-09-30 | 1.6 M | Geneva Capital Management | 2024-09-30 | 1.6 M | Ameriprise Financial Inc | 2024-06-30 | 1.6 M | Blackrock Inc | 2024-06-30 | 12.1 M | Vanguard Group Inc | 2024-09-30 | 10.3 M |
Grocery Fundamentals
| Return On Equity | 0.0422 | ||||
| Return On Asset | 0.0194 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 3.58 B | ||||
| Shares Outstanding | 97.14 M | ||||
| Shares Owned By Insiders | 4.01 % | ||||
| Shares Owned By Institutions | 95.99 % | ||||
| Number Of Shares Shorted | 7.99 M | ||||
| Price To Earning | 54.12 X | ||||
| Price To Book | 1.68 X | ||||
| Price To Sales | 0.48 X | ||||
| Revenue | 3.97 B | ||||
| Gross Profit | 1.09 B | ||||
| EBITDA | 216.04 M | ||||
| Net Income | 79.44 M | ||||
| Cash And Equivalents | 107.28 M | ||||
| Cash Per Share | 1.10 X | ||||
| Total Debt | 1.39 B | ||||
| Debt To Equity | 1.30 % | ||||
| Current Ratio | 1.63 X | ||||
| Book Value Per Share | 12.43 X | ||||
| Cash Flow From Operations | 303.45 M | ||||
| Short Ratio | 3.10 X | ||||
| Earnings Per Share | 0.51 X | ||||
| Price To Earnings To Growth | 2.48 X | ||||
| Target Price | 17.21 | ||||
| Number Of Employees | 901 | ||||
| Beta | 0.13 | ||||
| Market Capitalization | 2.06 B | ||||
| Total Asset | 2.97 B | ||||
| Retained Earnings | 341.96 M | ||||
| Working Capital | 132.59 M | ||||
| Current Asset | 274.49 M | ||||
| Current Liabilities | 183.51 M | ||||
| Net Asset | 2.97 B |
About Grocery Outlet Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Grocery Outlet Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Grocery Outlet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Grocery Outlet Holding 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 Grocery Outlet
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 Grocery Outlet 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 Grocery Outlet will appreciate offsetting losses from the drop in the long position's value.Moving against Grocery Stock
| 0.63 | DTCK | Davis Commodities | PairCorr |
| 0.55 | FC | Franklin Covey | PairCorr |
| 0.51 | UG | United Guardian | PairCorr |
| 0.43 | TGT | Target | PairCorr |
| 0.42 | DOLE | Dole PLC | PairCorr |
The ability to find closely correlated positions to Grocery Outlet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grocery Outlet 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 Grocery Outlet - 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 Grocery Outlet Holding to buy it.
The correlation of Grocery Outlet 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 Grocery Outlet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grocery Outlet Holding 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 Grocery Outlet 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.Check out Grocery Outlet Piotroski F Score and Grocery Outlet Valuation analysis. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Grocery Outlet. If investors know Grocery will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Grocery Outlet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.11) | Earnings Share 0.51 | Revenue Per Share 42.988 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0194 |
The market value of Grocery Outlet Holding is measured differently than its book value, which is the value of Grocery that is recorded on the company's balance sheet. Investors also form their own opinion of Grocery Outlet's value that differs from its market value or its book value, called intrinsic value, which is Grocery Outlet'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 Grocery Outlet's market value can be influenced by many factors that don't directly affect Grocery Outlet'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 Grocery Outlet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grocery Outlet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grocery Outlet'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.