Vaneck China Bond Etf Probability Of Bankruptcy
| CBON Etf | USD 22.07 0.01 0.05% |
VanEck |
VanEck China Bond ETF odds of distress Analysis
VanEck China'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 VanEck China Probability Of Bankruptcy | Less than 9% |
Most of VanEck China'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, VanEck China Bond is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of VanEck China 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 VanEck China 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 VanEck China Bond financial health.
The market value of VanEck China Bond is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck China's value that differs from its market value or its book value, called intrinsic value, which is VanEck China'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 VanEck China's market value can be influenced by many factors that don't directly affect VanEck China'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 VanEck China's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck China is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck China'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.
| Competition |
Based on the latest financial disclosure, VanEck China Bond has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the VanEck family and significantly higher than that of the Emerging-Markets Local-Currency Bond category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
VanEck Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses VanEck China'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 VanEck China could also be used in its relative valuation, which is a method of valuing VanEck China by comparing valuation metrics of similar companies.VanEck China is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
VanEck Fundamentals
| Number Of Employees | 335 | |||
| Beta | 0.56 | |||
| Total Asset | 95.11 M | |||
| One Year Return | 2.50 % | |||
| Three Year Return | (0.90) % | |||
| Five Year Return | 2.90 % | |||
| Ten Year Return | 1.70 % | |||
| Net Asset | 95.11 M | |||
| Last Dividend Paid | 0.052 | |||
| Bond Positions Weight | 89.82 % |
About VanEck China Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VanEck China Bond's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VanEck China using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VanEck China Bond 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.
Pair Trading with VanEck China
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 VanEck China 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 VanEck China will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
Moving against VanEck Etf
The ability to find closely correlated positions to VanEck China could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck China 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 VanEck China - 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 VanEck China Bond to buy it.
The correlation of VanEck China 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 VanEck China moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck China Bond 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 VanEck China 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 VanEck China Piotroski F Score and VanEck China Altman Z Score analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of VanEck China Bond is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck China's value that differs from its market value or its book value, called intrinsic value, which is VanEck China'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 VanEck China's market value can be influenced by many factors that don't directly affect VanEck China'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 VanEck China's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck China is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck China'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.