Atlantis Technology Group Stock Beneish M Score
This module uses fundamental data of Atlantis Technology to approximate the value of its Beneish M Score. Atlantis Technology M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Atlantis Technology Piotroski F Score and Atlantis Technology Altman Z Score analysis.
At this time, Atlantis Technology's Net Debt To EBITDA is relatively stable compared to the past year. As of 11/28/2024, Debt To Equity is likely to grow to 0.08, while Debt Ratio is likely to drop 0.06. At this time, Atlantis Technology's Capex To Depreciation is relatively stable compared to the past year. As of 11/28/2024, Income Quality is likely to grow to 0.61, while Days Sales Outstanding is likely to drop 41.48.
Atlantis | Beneish M Score |
At this time, it appears that Atlantis Technology is an unlikely manipulator. The earnings manipulation may begin if Atlantis Technology's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Atlantis Technology executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Atlantis Technology's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Unlikely Manipulator
Atlantis Technology Beneish M-Score Indicator Trends
The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Atlantis Technology's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Total Current Assets | 1.2 K | 1.3 K |
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| Property Plant Equipment | 63.7 K | 65.8 K |
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| Total Current Liabilities | 37.3 K | 59.3 K |
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Atlantis Technology Beneish M-Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Atlantis Technology's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Atlantis Technology in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Atlantis Technology's degree of accounting gimmicks and manipulations.
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About Atlantis Technology Beneish M Score
M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.
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About Atlantis Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Atlantis Technology Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Atlantis Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Atlantis Technology Group based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 Atlantis Technology
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 Atlantis Technology 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 Atlantis Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Atlantis Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlantis Technology 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 Atlantis Technology - 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 Atlantis Technology Group to buy it.
The correlation of Atlantis Technology 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 Atlantis Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlantis Technology 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 Atlantis Technology 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.Additional Tools for Atlantis Stock Analysis
When running Atlantis Technology's price analysis, check to measure Atlantis Technology'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 Atlantis Technology is operating at the current time. Most of Atlantis Technology's value examination focuses on studying past and present price action to predict the probability of Atlantis Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlantis Technology's price. Additionally, you may evaluate how the addition of Atlantis Technology to your portfolios can decrease your overall portfolio volatility.