Altus Power Etf Z Score
| AMPS Etf | USD 4.06 0.11 2.78% |
Altus |
Altus Power ETF Z Score Analysis
Altus Power'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..
| |||||||
| |||||||
| |||||||
| |||||||
|
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 |
In accordance with the company's disclosures, Altus Power has a Z Score of 0.0. This indicator is about the same for the Electric Utilities average (which is currently at 0.0) family and about the same as Utilities (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Altus Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Altus Power's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Altus Power could also be used in its relative valuation, which is a method of valuing Altus Power by comparing valuation metrics of similar companies.Altus Power is currently under evaluation in z score as compared to similar ETFs.
Altus Power Institutional Holders
Institutional Holdings refers to the ownership stake in Altus Power that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Altus Power's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Altus Power's value.| Shares | Geode Capital Management, Llc | 2024-06-30 | 1.6 M | Ardsley Advisory Partners | 2024-06-30 | 1.5 M | Abrdn Plc | 2024-09-30 | 1.4 M | Skandinaviska Enskilda Banken Ab | 2024-06-30 | 1.4 M | Telemark Asset Management, Llc | 2024-09-30 | 960 K | J. Goldman & Co Lp | 2024-06-30 | 955 K | Swedbank Ab | 2024-09-30 | 825.2 K | Alyeska Investment Group, L.p. | 2024-06-30 | 750 K | Northern Trust Corp | 2024-09-30 | 678.7 K | Blackstone Inc | 2024-06-30 | 21.1 M | Blackrock Inc | 2024-06-30 | 7.1 M |
Fund Asset Allocation for Altus Power
The fund consists of 96.33% investments in fixed income securities, with the rest of funds allocated in various types of exotic instruments.Asset allocation divides Altus Power's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Altus Fundamentals
| Return On Equity | 0.0105 | ||||
| Return On Asset | 0.0095 | ||||
| Profit Margin | 0.19 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 2.07 B | ||||
| Shares Outstanding | 160 M | ||||
| Shares Owned By Insiders | 44.77 % | ||||
| Shares Owned By Institutions | 55.62 % | ||||
| Number Of Shares Shorted | 7.76 M | ||||
| Price To Earning | 15.90 X | ||||
| Price To Book | 1.26 X | ||||
| Price To Sales | 3.49 X | ||||
| Revenue | 155.16 M | ||||
| Gross Profit | 83.63 M | ||||
| EBITDA | 76.86 M | ||||
| Net Income | (9.36 M) | ||||
| Cash And Equivalents | 290.89 M | ||||
| Cash Per Share | 1.83 X | ||||
| Total Debt | 1.39 B | ||||
| Debt To Equity | 1.44 % | ||||
| Current Ratio | 9.66 X | ||||
| Book Value Per Share | 3.22 X | ||||
| Cash Flow From Operations | 79.36 M | ||||
| Short Ratio | 8.10 X | ||||
| Earnings Per Share | 0.21 X | ||||
| Target Price | 5.5 | ||||
| Number Of Employees | 93 | ||||
| Beta | 0.94 | ||||
| Market Capitalization | 649.6 M | ||||
| Total Asset | 2.09 B | ||||
| Retained Earnings | (55.27 M) | ||||
| Working Capital | 122.29 M | ||||
| Year To Date Return | (2.44) % | ||||
| One Year Return | 4.04 % | ||||
| Three Year Return | 4.76 % | ||||
| Net Asset | 2.09 B | ||||
| Bond Positions Weight | 96.33 % |
About Altus Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altus Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altus Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altus Power 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.
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Altus Etf
Altus Power financial ratios help investors to determine whether Altus Etf 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 Altus with respect to the benefits of owning Altus Power security.