Redfin Corp Stock Probability Of Bankruptcy
RDFN Stock | USD 8.35 0.19 2.22% |
Redfin | Probability Of Bankruptcy |
Redfin Corp Company odds of distress Analysis
Redfin Corp'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.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Redfin Corp Probability Of Bankruptcy | Less than 48% |
Most of Redfin Corp'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, Redfin Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Redfin Corp 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 Redfin Corp 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 Redfin Corp financial health.
Is Real Estate Management & Development 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 Redfin Corp. If investors know Redfin 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 Redfin Corp 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 3.286 | Earnings Share (1.27) | Revenue Per Share 8.511 | Quarterly Revenue Growth 0.034 | Return On Assets (0.09) |
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp'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 Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp'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 Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp'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.
Redfin Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Redfin Corp is extremely important. It helps to project a fair market value of Redfin Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Redfin Corp'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 Redfin Corp'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 Redfin Corp's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Redfin Corp has a Probability Of Bankruptcy of 48.0%. This is 12.23% higher than that of the Real Estate Management & Development sector and 3.63% lower than that of the Real Estate industry. The probability of bankruptcy for all United States stocks is 20.51% lower than that of the firm.
Redfin Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Redfin Corp'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 Redfin Corp could also be used in its relative valuation, which is a method of valuing Redfin Corp by comparing valuation metrics of similar companies.Redfin Corp is currently under evaluation in probability of bankruptcy category among its peers.
Redfin Corp Main Bankruptcy Drivers
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Return On Assets | (0.15) | (0.0266) | (0.0542) | (0.2) | (0.11) | (0.12) | |
Net Debt | (17.9M) | (290.2M) | 949.4M | 1.1B | 860.1M | 903.1M | |
Total Current Liabilities | 85.2M | 185.7M | 401.8M | 354.6M | 268.4M | 174.8M | |
Non Current Liabilities Total | 179.6M | 544.4M | 1.3B | 1.1B | 842.5M | 654.3M | |
Total Assets | 596.2M | 1.4B | 2.0B | 1.6B | 1.2B | 952.1M | |
Total Current Assets | 451.6M | 1.2B | 1.2B | 776.5M | 445.0M | 622.5M | |
Total Cash From Operating Activities | (107.6M) | 61.3M | (301.6M) | 40.5M | 56.8M | 59.6M |
Redfin Corp 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, Redfin Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Redfin Corp's managers, analysts, and investors.Environmental | Governance | Social |
Redfin Fundamentals
Return On Equity | -14.76 | ||||
Return On Asset | -0.09 | ||||
Profit Margin | (0.15) % | ||||
Operating Margin | (0.09) % | ||||
Current Valuation | 1.99 B | ||||
Shares Outstanding | 123.98 M | ||||
Shares Owned By Insiders | 4.29 % | ||||
Shares Owned By Institutions | 63.45 % | ||||
Number Of Shares Shorted | 17.12 M | ||||
Price To Earning | (3.35) X | ||||
Price To Book | 269.90 X | ||||
Price To Sales | 1.04 X | ||||
Revenue | 976.67 M | ||||
Gross Profit | 286.05 M | ||||
EBITDA | (53.04 M) | ||||
Net Income | (130.03 M) | ||||
Cash And Equivalents | 473.25 M | ||||
Cash Per Share | 4.36 X | ||||
Total Debt | 1.01 B | ||||
Debt To Equity | 7.97 % | ||||
Current Ratio | 2.00 X | ||||
Book Value Per Share | (0.53) X | ||||
Cash Flow From Operations | 56.76 M | ||||
Short Ratio | 2.69 X | ||||
Earnings Per Share | (1.27) X | ||||
Target Price | 9.18 | ||||
Number Of Employees | 4.69 K | ||||
Beta | 2.7 | ||||
Market Capitalization | 1.06 B | ||||
Total Asset | 1.15 B | ||||
Retained Earnings | (823.33 M) | ||||
Working Capital | 176.6 M | ||||
Current Asset | 359.38 M | ||||
Current Liabilities | 38.51 M | ||||
Net Asset | 1.15 B |
About Redfin Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Redfin Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Redfin Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Redfin Corp 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 Redfin Corp
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 Redfin Corp 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 Redfin Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Redfin Stock
Moving against Redfin Stock
0.68 | IRS | IRSA Inversiones Y | PairCorr |
0.64 | CBL | CBL Associates Properties | PairCorr |
0.63 | LRE | Lead Real Estate | PairCorr |
0.57 | ZG | Zillow Group | PairCorr |
0.56 | FRPH | Frp Holdings Ord | PairCorr |
The ability to find closely correlated positions to Redfin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redfin Corp 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 Redfin Corp - 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 Redfin Corp to buy it.
The correlation of Redfin Corp 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 Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp 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 Redfin Corp 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 Redfin Corp Piotroski F Score and Redfin Corp Altman Z Score analysis. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Real Estate Management & Development 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 Redfin Corp. If investors know Redfin 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 Redfin Corp 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 3.286 | Earnings Share (1.27) | Revenue Per Share 8.511 | Quarterly Revenue Growth 0.034 | Return On Assets (0.09) |
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp'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 Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp'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 Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp'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.