Corby Spirit And Stock Piotroski F Score

CSW-B Stock  CAD 12.20  0.03  0.25%   
This module uses fundamental data of Corby Spirit to approximate its Piotroski F score. Corby Spirit F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Corby Spirit and. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Corby Spirit financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
  
At this time, Corby Spirit's Debt Equity Ratio is comparatively stable compared to the past year. Debt Ratio is likely to gain to 0.48 in 2024, whereas Net Debt To EBITDA is likely to drop 2.27 in 2024. At this time, Corby Spirit's Payables Turnover is comparatively stable compared to the past year. Cash Per Share is likely to gain to 2.00 in 2024, whereas Book Value Per Share is likely to drop 5.03 in 2024.
At this time, it appears that Corby Spirit's Piotroski F Score is Inapplicable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Inapplicable
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Corby Spirit Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Corby Spirit is to make sure Corby is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Corby Spirit'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. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Corby Spirit's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.130.0569
Way Up
Slightly volatile
Asset Turnover0.40.5462
Way Down
Slightly volatile
Gross Profit Margin0.60.5041
Fairly Up
Pretty Stable
Total Current Liabilities49.1 M76.7 M
Way Down
Slightly volatile
Non Current Liabilities Total153.3 M146 M
Sufficiently Up
Slightly volatile
Total Assets293 M420.5 M
Way Down
Slightly volatile
Total Current Assets196.9 M179.3 M
Significantly Up
Slightly volatile
Total Cash From Operating Activities39.2 M31.5 M
Fairly Up
Slightly volatile

Corby Spirit F 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 project the various growth rates. Understanding the correlation between Corby Spirit's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Corby Spirit in a much-optimized way.

About Corby Spirit Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

5.03

At this time, Corby Spirit's Book Value Per Share is comparatively stable compared to the past year.

Corby Spirit Current Valuation Drivers

We derive many important indicators used in calculating different scores of Corby Spirit from analyzing Corby Spirit's financial statements. These drivers represent accounts that assess Corby Spirit's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Corby Spirit's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap588.7M518.1M513.0M404.3M365.8M514.6M
Enterprise Value518.8M457.0M423.0M350.9M502.0M607.1M

About Corby Spirit Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Corby Spirit and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Corby Spirit using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Corby Spirit and 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 Corby Spirit

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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit 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 Corby Spirit - 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 Corby Spirit and to buy it.
The correlation of Corby Spirit 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 Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit 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 Corby Spirit 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.
Pair CorrelationCorrelation Matching

Additional Tools for Corby Stock Analysis

When running Corby Spirit's price analysis, check to measure Corby Spirit'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 Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.