Velocityshares Etf Probability Of Bankruptcy
VelocityShares' risk of distress is under 9% at this time. It has tiny likelihood of undergoing some form of financial hardship in the near future. VelocityShares' Odds of financial turmoil is determined by interpolating and adjusting VelocityShares Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. Check out Investing Opportunities 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 metropolitan statistical area.
VelocityShares |
VelocityShares ETF odds of financial turmoil Analysis
VelocityShares' 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 VelocityShares Probability Of Bankruptcy | Less than 9% |
Most of VelocityShares' 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, VelocityShares is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of VelocityShares 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 VelocityShares 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 VelocityShares financial health.
The market value of VelocityShares is measured differently than its book value, which is the value of VelocityShares that is recorded on the company's balance sheet. Investors also form their own opinion of VelocityShares' value that differs from its market value or its book value, called intrinsic value, which is VelocityShares' 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 VelocityShares' market value can be influenced by many factors that don't directly affect VelocityShares' 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 VelocityShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if VelocityShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VelocityShares' 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, VelocityShares has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Exchange Traded Concepts, LLC family and significantly higher than that of the Large Blend category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
VelocityShares Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses VelocityShares' 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 VelocityShares could also be used in its relative valuation, which is a method of valuing VelocityShares by comparing valuation metrics of similar companies.VelocityShares is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
VelocityShares Fundamentals
| Price To Earning | 18.48 X | |||
| Price To Book | 2.19 X | |||
| Price To Sales | 1.25 X | |||
| Number Of Employees | 18 | |||
| Annual Yield | 1.42 % | |||
| Year To Date Return | 0.20 % | |||
| One Year Return | 2.88 % | |||
| Net Asset | 2.56 M | |||
| Equity Positions Weight | 99.71 % |
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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 Investing Opportunities 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 metropolitan statistical area. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Other Tools for VelocityShares Etf
When running VelocityShares' price analysis, check to measure VelocityShares' 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 VelocityShares is operating at the current time. Most of VelocityShares' value examination focuses on studying past and present price action to predict the probability of VelocityShares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VelocityShares' price. Additionally, you may evaluate how the addition of VelocityShares to your portfolios can decrease your overall portfolio volatility.
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