Vaneck Iboxx Eur Etf Probability Of Bankruptcy
| TCBT Etf | EUR 17.32 0.07 0.40% |
VanEck |
VanEck iBoxx EUR ETF probability of financial unrest Analysis
VanEck IBoxx'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 VanEck IBoxx Probability Of Bankruptcy | Less than 9% |
Most of VanEck IBoxx'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, VanEck iBoxx EUR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of VanEck IBoxx 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 VanEck IBoxx 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 VanEck iBoxx EUR financial health.
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, VanEck iBoxx EUR has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the VanEck Asset Management B.V. family and significantly higher than that of the Probability Of Bankruptcy category. The probability of bankruptcy for all Netherlands etfs is notably lower than that of the firm.
VanEck Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses VanEck IBoxx's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of VanEck IBoxx could also be used in its relative valuation, which is a method of valuing VanEck IBoxx by comparing valuation metrics of similar companies.VanEck IBoxx is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
VanEck Fundamentals
| Total Asset | 47.47 M | |||
| One Year Return | 7.86 % | |||
| Three Year Return | 2.65 % | |||
| Five Year Return | 1.96 % | |||
| Net Asset | 47.47 M | |||
| Last Dividend Paid | 0.05 | |||
| Bond Positions Weight | 99.66 % |
About VanEck IBoxx Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VanEck iBoxx EUR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VanEck IBoxx using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VanEck iBoxx EUR 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.
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VanEck IBoxx financial ratios help investors to determine whether VanEck Etf 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 VanEck with respect to the benefits of owning VanEck IBoxx security.