Green Hydrogen Systems Stock Probability Of Bankruptcy

GREENH Stock   2.90  0.07  2.36%   
Green Hydrogen's likelihood of distress is over 60% at this time. It has an above-average risk of going through some form of financial distress in the next 2 years. Chance of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions. All items used in analyzing the odds of distress are taken from the Green balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Hydrogen Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  

Green Hydrogen Systems Company chance of distress Analysis

Green Hydrogen's 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.

Probability Of Bankruptcy

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Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Green Hydrogen Probability Of Bankruptcy

    
  Over 69%  
Most of Green Hydrogen's 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, Green Hydrogen Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Green Hydrogen 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 Green Hydrogen 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 Green Hydrogen Systems financial health.
Please note, there is a significant difference between Green Hydrogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Green Hydrogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Green Hydrogen'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.
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, Green Hydrogen Systems has a Probability Of Bankruptcy of 69%. This is 45.82% higher than that of the Utilities sector and significantly higher than that of the Utilities-Renewable industry. The probability of bankruptcy for all Denmark stocks is 73.24% lower than that of the firm.

Green Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Green Hydrogen's 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 Green Hydrogen could also be used in its relative valuation, which is a method of valuing Green Hydrogen by comparing valuation metrics of similar companies.
Green Hydrogen is currently under evaluation in probability of bankruptcy category among its peers.

Green Fundamentals

About Green Hydrogen Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Green Hydrogen Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Green Hydrogen using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Green Hydrogen Systems 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 Green Hydrogen

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 Green Hydrogen 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 Green Hydrogen will appreciate offsetting losses from the drop in the long position's value.

Moving together with Green Stock

  0.73GMAB Genmab ASPairCorr

Moving against Green Stock

  0.78DSV DSV Panalpina ASPairCorr
  0.75RILBA Ringkjoebing LandbobankPairCorr
  0.38MAERSK-B AP MllerPairCorr
  0.35MAERSK-A AP MllerPairCorr
The ability to find closely correlated positions to Green Hydrogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Hydrogen 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 Green Hydrogen - 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 Green Hydrogen Systems to buy it.
The correlation of Green Hydrogen 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 Green Hydrogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Green Hydrogen Systems 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 Green Hydrogen 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Green Stock

Green Hydrogen financial ratios help investors to determine whether Green Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Green with respect to the benefits of owning Green Hydrogen security.