Tcw Aaa Clo Etf Z Score
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 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.
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TCW AAA CLO ETF Z Score Analysis
TCW AAA'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..
Current TCW AAA Z Score | 3.0 |
Most of TCW AAA's fundamental indicators, such as Z Score, 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.
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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.
CompetitionIn accordance with the company's disclosures, TCW AAA CLO has a Z Score of 3.0. This is much higher than that of the family and significantly higher than that of the Z Score category. The z score for all United States etfs is notably lower than that of the firm.
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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 SLM Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SLM Corp 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 SLM Corp - 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 SLM Corp to buy it.
The correlation of SLM Corp 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 SLM Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SLM Corp 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 SLM Corp 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.
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