Tcw Aaa Clo Etf Probability Of Bankruptcy
TCW AAA's risk of distress is under 25% at this time. It has slight likelihood of undergoing some form of financial crisis in the near future. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
TCW |
TCW AAA CLO ETF odds of distress Analysis
TCW AAA'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 TCW AAA Probability Of Bankruptcy | Less than 25% |
Most of TCW AAA'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, TCW AAA CLO is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of TCW AAA 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 TCW AAA 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 TCW AAA CLO financial health.
The market value of TCW AAA CLO is measured differently than its book value, which is the value of TCW that is recorded on the company's balance sheet. Investors also form their own opinion of TCW AAA's value that differs from its market value or its book value, called intrinsic value, which is TCW AAA'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 TCW AAA's market value can be influenced by many factors that don't directly affect TCW AAA'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 TCW AAA's value and its price as these two are different measures arrived at by different means. Investors typically determine if TCW AAA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TCW AAA'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.
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.
CompetitionBased on the latest financial disclosure, TCW AAA CLO has a Probability Of Bankruptcy of 25.0%. This is much higher than that of the family and significantly higher than that of the Probability Of Bankruptcy category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
TCW Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TCW AAA'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 TCW AAA could also be used in its relative valuation, which is a method of valuing TCW AAA by comparing valuation metrics of similar companies.TCW AAA is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
TCW Fundamentals
| Return On Asset | -8.22 | |||
| Profit Margin | (2.15) % | |||
| Operating Margin | (3.40) % | |||
| Current Valuation | 16.68 M | |||
| Shares Outstanding | 39.47 M | |||
| Price To Book | 1.52 X | |||
| Price To Sales | 0.02 X | |||
| Revenue | 133.43 M | |||
| Gross Profit | 391.46 K | |||
| EBITDA | (3.98 M) | |||
| Net Income | (2.87 M) | |||
| Cash And Equivalents | (67.88 K) | |||
| Total Debt | 13.85 M | |||
| Debt To Equity | 8.36 % | |||
| Current Ratio | 0.20 X | |||
| Cash Flow From Operations | (506.92 K) | |||
| Earnings Per Share | (0.09) X | |||
| Number Of Employees | 81 | |||
| Beta | 1.65 | |||
| Market Capitalization | 2.76 M | |||
| Total Asset | 34.15 M | |||
| Retained Earnings | (2.56 M) | |||
| Working Capital | (27.56 M) | |||
| Current Asset | 6.83 M | |||
| Current Liabilities | 34.39 M | |||
| Z Score | 3.0 |
Pair Trading with TCW AAA
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 TCW AAA 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 TCW AAA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Stericycle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stericycle 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 Stericycle - 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 Stericycle to buy it.
The correlation of Stericycle 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 Stericycle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stericycle 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 Stericycle 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Other Tools for TCW Etf
When running TCW AAA's price analysis, check to measure TCW AAA'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 TCW AAA is operating at the current time. Most of TCW AAA's value examination focuses on studying past and present price action to predict the probability of TCW AAA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TCW AAA's price. Additionally, you may evaluate how the addition of TCW AAA to your portfolios can decrease your overall portfolio volatility.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |