HEMISPHERE EGY Z Score vs. EBITDA
| N4Q1 Stock | EUR 1.24 0.02 1.64% |
For HEMISPHERE EGY profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HEMISPHERE EGY to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HEMISPHERE EGY utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HEMISPHERE EGY's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HEMISPHERE EGY over time as well as its relative position and ranking within its peers.
HEMISPHERE |
HEMISPHERE EGY EBITDA vs. Z Score Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining HEMISPHERE EGY's current stock value. Our valuation model uses many indicators to compare HEMISPHERE EGY value to that of its competitors to determine the firm's financial worth. HEMISPHERE EGY is rated below average in z score category among its peers. It also is rated below average in ebitda category among its peers totaling about 6,751,427 of EBITDA per Z Score. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the HEMISPHERE EGY's earnings, one of the primary drivers of an investment's value.HEMISPHERE EBITDA vs. Z Score
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..
HEMISPHERE EGY |
| = | 1.8 |
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.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
HEMISPHERE EGY |
| = | 12.15 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
HEMISPHERE EBITDA Comparison
HEMISPHERE EGY is currently under evaluation in ebitda category among its peers.
HEMISPHERE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on HEMISPHERE EGY. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of HEMISPHERE EGY position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the HEMISPHERE EGY's important profitability drivers and their relationship over time.
Use HEMISPHERE EGY in pair-trading
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 HEMISPHERE EGY 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 HEMISPHERE EGY will appreciate offsetting losses from the drop in the long position's value.HEMISPHERE EGY Pair Trading
HEMISPHERE EGY Pair Trading Analysis
The ability to find closely correlated positions to HEMISPHERE EGY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HEMISPHERE EGY 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 HEMISPHERE EGY - 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 HEMISPHERE EGY to buy it.
The correlation of HEMISPHERE EGY 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 HEMISPHERE EGY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HEMISPHERE EGY 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 HEMISPHERE EGY 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.Use Investing Themes to Complement your HEMISPHERE EGY position
In addition to having HEMISPHERE EGY in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Trading Theme or any other thematic opportunities.
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Additional Tools for HEMISPHERE Stock Analysis
When running HEMISPHERE EGY's price analysis, check to measure HEMISPHERE EGY's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HEMISPHERE EGY is operating at the current time. Most of HEMISPHERE EGY's value examination focuses on studying past and present price action to predict the probability of HEMISPHERE EGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HEMISPHERE EGY's price. Additionally, you may evaluate how the addition of HEMISPHERE EGY to your portfolios can decrease your overall portfolio volatility.