Exchange Traded Concepts Etf Probability Of Bankruptcy
Exchange Traded's risk of distress is under 38% at the present time. It has slight likelihood of undergoing some form of financial crunch in the near future. Probability 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 industry.
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Exchange Traded Concepts ETF probability of distress Analysis
Exchange Traded'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 Exchange Traded Probability Of Bankruptcy | Less than 38% |
Most of Exchange Traded'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, Exchange Traded Concepts is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Exchange Traded 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 Exchange Traded 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 Exchange Traded Concepts financial health.
The market value of Exchange Traded Concepts is measured differently than its book value, which is the value of Exchange that is recorded on the company's balance sheet. Investors also form their own opinion of Exchange Traded's value that differs from its market value or its book value, called intrinsic value, which is Exchange Traded'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 Exchange Traded's market value can be influenced by many factors that don't directly affect Exchange Traded'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 Exchange Traded's value and its price as these two are different measures arrived at by different means. Investors typically determine if Exchange Traded is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exchange Traded'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, Exchange Traded Concepts has a Probability Of Bankruptcy of 38.0%. 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.
Exchange Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Exchange Traded'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 Exchange Traded could also be used in its relative valuation, which is a method of valuing Exchange Traded by comparing valuation metrics of similar companies.Exchange Traded is fifth largest ETF in probability of bankruptcy as compared to similar ETFs.
Exchange Fundamentals
| Return On Equity | 0.2 | |||
| Return On Asset | 7.0E-4 | |||
| Profit Margin | 0.0008 % | |||
| Operating Margin | 0.18 % | |||
| Current Valuation | 2.97 B | |||
| Shares Outstanding | 135.4 M | |||
| Price To Earning | 12.20 X | |||
| Price To Book | 2.03 X | |||
| Price To Sales | 0.91 X | |||
| Revenue | 2.5 B | |||
| Gross Profit | 887.4 M | |||
| EBITDA | 444.6 M | |||
| Net Income | 186.8 M | |||
| Cash And Equivalents | 187.6 M | |||
| Cash Per Share | 1.18 X | |||
| Total Debt | 826.3 M | |||
| Debt To Equity | 1.44 % | |||
| Current Ratio | 0.92 X | |||
| Book Value Per Share | 9.85 X | |||
| Cash Flow From Operations | 310.4 M | |||
| Earnings Per Share | 1.36 X | |||
| Market Capitalization | 2.29 B | |||
| Total Asset | 4.74 M | |||
| Retained Earnings | 715.29 M | |||
| Working Capital | (39 M) | |||
| Current Asset | 434 M | |||
| Current Liabilities | 473 M | |||
| Z Score | 1.2 | |||
| Net Asset | 4.74 M | |||
| Last Dividend Paid | 0.66 | |||
| Equity Positions Weight | 99.49 % |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 industry. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Tools for Exchange Etf
When running Exchange Traded's price analysis, check to measure Exchange Traded'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 Exchange Traded is operating at the current time. Most of Exchange Traded's value examination focuses on studying past and present price action to predict the probability of Exchange Traded's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exchange Traded's price. Additionally, you may evaluate how the addition of Exchange Traded to your portfolios can decrease your overall portfolio volatility.
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