Goldenstone Acquisition Limited Stock Z Score
| GDSTR Stock | USD 0.22 0.06 37.50% |
Goldenstone | Z Score |
Goldenstone Acquisition Limited Company Z Score Analysis
Goldenstone Acquisition's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
| |||||||
| |||||||
| |||||||
| |||||||
|
Goldenstone Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Goldenstone Acquisition is extremely important. It helps to project a fair market value of Goldenstone Stock properly, considering its historical fundamentals such as Z Score. Since Goldenstone Acquisition's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Goldenstone Acquisition's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Goldenstone Acquisition's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
CompetitionAccording to the company's disclosures, Goldenstone Acquisition Limited has a Z Score of 0.0. This indicator is about the same for the Financial Services average (which is currently at 0.0) sector and about the same as Financials (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
Goldenstone Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Goldenstone Acquisition's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Goldenstone Acquisition could also be used in its relative valuation, which is a method of valuing Goldenstone Acquisition by comparing valuation metrics of similar companies.Goldenstone Acquisition is currently under evaluation in z score category among its peers.
Goldenstone Fundamentals
| Return On Equity | 0.48 | |||
| Return On Asset | -0.0172 | |||
| Number Of Shares Shorted | 20.72 K | |||
| EBITDA | 2.21 M | |||
| Net Income | 1.6 M | |||
| Cash And Equivalents | 36.49 K | |||
| Cash Per Share | 0.03 X | |||
| Total Debt | 1.79 M | |||
| Current Ratio | 0.15 X | |||
| Book Value Per Share | (0.68) X | |||
| Cash Flow From Operations | (1.07 M) | |||
| Earnings Per Share | (0.01) X | |||
| Beta | 0.017 | |||
| Total Asset | 55.83 M | |||
| Retained Earnings | (4.62 M) | |||
| Net Asset | 55.83 M |
About Goldenstone Acquisition Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Goldenstone Acquisition Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Goldenstone Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Goldenstone Acquisition Limited 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 Goldenstone Acquisition
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 Goldenstone Acquisition 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 Goldenstone Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving against Goldenstone Stock
| 0.34 | XP | Xp Inc Downward Rally | PairCorr |
The ability to find closely correlated positions to Goldenstone Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldenstone Acquisition 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 Goldenstone Acquisition - 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 Goldenstone Acquisition Limited to buy it.
The correlation of Goldenstone Acquisition 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 Goldenstone Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goldenstone Acquisition 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 Goldenstone Acquisition 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.Additional Tools for Goldenstone Stock Analysis
When running Goldenstone Acquisition's price analysis, check to measure Goldenstone Acquisition'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 Goldenstone Acquisition is operating at the current time. Most of Goldenstone Acquisition's value examination focuses on studying past and present price action to predict the probability of Goldenstone Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldenstone Acquisition's price. Additionally, you may evaluate how the addition of Goldenstone Acquisition to your portfolios can decrease your overall portfolio volatility.