Vert Global Sustainable Etf Z Score

VGSR Etf   10.53  0.04  0.38%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Vert Global Piotroski F Score and Portfolio Optimization analysis.
  

Vert Global Sustainable ETF Z Score Analysis

Vert Global'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..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

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
As per the company's disclosures, Vert Global Sustainable has a Z Score of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Global Real Estate (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).

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Vert Fundamentals

About Vert Global Fundamental Analysis

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

Pair Trading with Vert Global

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 Vert Global 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 Vert Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Vert Etf

  0.99REET iShares Global REITPairCorr
  0.98RWO SPDR Dow JonesPairCorr
  0.75HAUZ Xtrackers InternationalPairCorr
  0.8RWX SPDR Dow JonesPairCorr
  0.94GQRE FlexShares Global QualityPairCorr

Moving against Vert Etf

  0.64VUG Vanguard Growth IndexPairCorr
  0.59SPY SPDR SP 500PairCorr
  0.59IVV iShares Core SPPairCorr
  0.58VTI Vanguard Total StockPairCorr
  0.52VO Vanguard Mid CapPairCorr
The ability to find closely correlated positions to Vert Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vert Global 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 Vert Global - 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 Vert Global Sustainable to buy it.
The correlation of Vert Global 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 Vert Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vert Global Sustainable 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 Vert Global 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
When determining whether Vert Global Sustainable is a strong investment it is important to analyze Vert Global's 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 Vert Global's future performance. For an informed investment choice regarding Vert Etf, refer to the following important reports:
Check out Vert Global Piotroski F Score and Portfolio Optimization analysis.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of Vert Global Sustainable is measured differently than its book value, which is the value of Vert that is recorded on the company's balance sheet. Investors also form their own opinion of Vert Global's value that differs from its market value or its book value, called intrinsic value, which is Vert Global'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 Vert Global's market value can be influenced by many factors that don't directly affect Vert Global'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 Vert Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vert Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vert Global'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.