Glcn Etf Probability Of Bankruptcy
| GLCN Etf | USD 23.07 0.09 0.39% |
GLCN |
GLCN ETF odds of distress Analysis
GLCN'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 GLCN Probability Of Bankruptcy | Less than 9% |
Most of GLCN'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, GLCN is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of GLCN 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 GLCN 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 GLCN financial health.
The market value of GLCN is measured differently than its book value, which is the value of GLCN that is recorded on the company's balance sheet. Investors also form their own opinion of GLCN's value that differs from its market value or its book value, called intrinsic value, which is GLCN'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 GLCN's market value can be influenced by many factors that don't directly affect GLCN'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 GLCN's value and its price as these two are different measures arrived at by different means. Investors typically determine if GLCN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GLCN'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.
CompetitionBased on the latest financial disclosure, GLCN 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 China Region category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
GLCN Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GLCN'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 GLCN could also be used in its relative valuation, which is a method of valuing GLCN by comparing valuation metrics of similar companies.GLCN is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
GLCN Fundamentals
| Total Asset | 14.81 M | |||
| One Year Return | (41.11) % | |||
| Three Year Return | (11.28) % | |||
| Five Year Return | (8.18) % | |||
| Ten Year Return | 0.97 % | |||
| Net Asset | 14.81 M | |||
| Last Dividend Paid | 0.62 | |||
| Equity Positions Weight | 99.14 % |
About GLCN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GLCN's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GLCN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GLCN 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 GLCN
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 GLCN 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 GLCN will appreciate offsetting losses from the drop in the long position's value.Moving together with GLCN Etf
Moving against GLCN Etf
| 0.82 | VCAR | Simplify Volt RoboCar Symbol Change | PairCorr |
| 0.8 | BTCO | Invesco Galaxy Bitcoin | PairCorr |
| 0.79 | TSLL | Direxion Shares ETF | PairCorr |
| 0.78 | TSLR | GraniteShares 175x Long | PairCorr |
| 0.78 | TSLT | T REX 2X | PairCorr |
The ability to find closely correlated positions to GLCN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GLCN 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 GLCN - 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 GLCN to buy it.
The correlation of GLCN 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 GLCN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GLCN 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 GLCN 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 Risk vs Return Analysis 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 main economic indicators. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of GLCN is measured differently than its book value, which is the value of GLCN that is recorded on the company's balance sheet. Investors also form their own opinion of GLCN's value that differs from its market value or its book value, called intrinsic value, which is GLCN'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 GLCN's market value can be influenced by many factors that don't directly affect GLCN'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 GLCN's value and its price as these two are different measures arrived at by different means. Investors typically determine if GLCN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GLCN'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.