Jefferies Etf Probability Of Bankruptcy
Jefferies' risk of distress is under 9% at this time. It has tiny likelihood of undergoing some form of financial hardship in the near future. Probability of distress prediction helps decision makers evaluate Jefferies' chance of financial distress in relation to its going-concern outlook and evaluation. 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 labor statistics.
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Jefferies ETF probability of distress Analysis
Jefferies' 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 Jefferies Probability Of Bankruptcy | Less than 9% |
Most of Jefferies' 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, Jefferies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Jefferies 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 Jefferies 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 Jefferies financial health.
The market value of Jefferies is measured differently than its book value, which is the value of Jefferies that is recorded on the company's balance sheet. Investors also form their own opinion of Jefferies' value that differs from its market value or its book value, called intrinsic value, which is Jefferies' 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 Jefferies' market value can be influenced by many factors that don't directly affect Jefferies' 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 Jefferies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Jefferies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jefferies' 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, Jefferies has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the ALPS family and significantly higher than that of the Natural Resources category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
Jefferies Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Jefferies' 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 Jefferies could also be used in its relative valuation, which is a method of valuing Jefferies by comparing valuation metrics of similar companies.Jefferies is rated below average in probability of bankruptcy as compared to similar ETFs.
Jefferies Fundamentals
| Price To Earning | 19.55 X | |||
| Price To Book | 1.29 X | |||
| Price To Sales | 0.83 X | |||
| Annual Yield | 3.27 % | |||
| Year To Date Return | 1.32 % | |||
| One Year Return | (12.74) % | |||
| Three Year Return | 6.65 % | |||
| Net Asset | 16.15 M | |||
| Equity Positions Weight | 99.10 % | |||
| Bond Positions Weight | 0.70 % |
Pair Trading with Jefferies
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 Jefferies 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 Jefferies will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Invesco Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco Plc 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 Invesco Plc - 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 Invesco Plc to buy it.
The correlation of Invesco Plc 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 Invesco Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Plc 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 Invesco Plc 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 labor statistics. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Tools for Jefferies Etf
When running Jefferies' price analysis, check to measure Jefferies' 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 Jefferies is operating at the current time. Most of Jefferies' value examination focuses on studying past and present price action to predict the probability of Jefferies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jefferies' price. Additionally, you may evaluate how the addition of Jefferies to your portfolios can decrease your overall portfolio volatility.
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