Edgepoint Global Portfolio Fund Chance Of Distress
| 0P0000IUYO | CAD 38.93 0.09 0.23% |
Edgepoint |
Edgepoint Global Portfolio Fund chance of distress Analysis
Edgepoint Global'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 Edgepoint Global Probability Of Bankruptcy | Less than 19% |
Most of Edgepoint Global'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, Edgepoint Global Portfolio is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Edgepoint Global 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 Edgepoint Global 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 Edgepoint Global Portfolio 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, Edgepoint Global Portfolio has a Probability Of Bankruptcy of 19.0%. This is much higher than that of the EdgePoint Wealth Management Inc family and significantly higher than that of the Global Equity category. The probability of bankruptcy for all Canada funds is notably lower than that of the firm.
Chance Of Distress
Less than 19
High | Low |
Low
Edgepoint Global Portfolio has less than 19 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Edgepoint Global fund is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
More InfoEdgepoint Fundamentals
| Total Asset | 6.78 B | |||
| One Year Return | (18.06) % | |||
| Three Year Return | (1.18) % | |||
| Five Year Return | 3.90 % | |||
| Ten Year Return | 9.60 % | |||
| Net Asset | 6.78 B | |||
| Minimum Initial Investment | 20 K | |||
| Cash Position Weight | 6.31 % | |||
| Equity Positions Weight | 93.69 % |
About Edgepoint Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Edgepoint Global Portfolio's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Edgepoint Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Edgepoint Global Portfolio based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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 Edgepoint 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 Edgepoint 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 Edgepoint Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Edgepoint Fund
| 0.9 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.86 | 0P0001FAU5 | TD Comfort Aggressive | PairCorr |
| 0.87 | 0P0001D8QF | BMO Concentrated Global | PairCorr |
The ability to find closely correlated positions to Edgepoint 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 Edgepoint 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 Edgepoint 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 Edgepoint Global Portfolio to buy it.
The correlation of Edgepoint 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 Edgepoint Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgepoint Global Por 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 Edgepoint 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.Other Information on Investing in Edgepoint Fund
Edgepoint Global financial ratios help investors to determine whether Edgepoint Fund 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 Edgepoint with respect to the benefits of owning Edgepoint Global security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |