Tidal Trust Ii Etf Z Score
| IRET Etf | USD 21.74 0.15 0.69% |
Tidal |
Tidal Trust II ETF Z Score Analysis
Tidal Trust'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..
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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.
| Competition |
According to the company's disclosures, Tidal Trust II has a Z Score of 0.0. This indicator is about the same for the Diversified REITs average (which is currently at 0.0) family and about the same as Real Estate (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Tidal Trust Institutional Holders
Institutional Holdings refers to the ownership stake in Tidal Trust that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tidal Trust's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tidal Trust's value.| Shares | Northern Trust Corp | 2024-09-30 | 179.6 K | Jpmorgan Chase & Co | 2024-06-30 | 153.9 K | Bank Of New York Mellon Corp | 2024-06-30 | 139.2 K | Goldman Sachs Group Inc | 2024-06-30 | 131 K | Legal & General Group Plc | 2024-06-30 | 120.6 K | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 107.8 K | Westwood Holdings Group Inc | 2024-06-30 | 99.7 K | Amvescap Plc. | 2024-06-30 | 94.2 K | Peregrine Capital Management,llc | 2024-09-30 | 85.6 K | Blackrock Inc | 2024-06-30 | 2.7 M | Vanguard Group Inc | 2024-09-30 | 2.4 M |
Tidal Fundamentals
| Return On Equity | 0.0933 | ||||
| Return On Asset | 0.0046 | ||||
| Profit Margin | 0.33 % | ||||
| Operating Margin | 0.06 % | ||||
| Shares Outstanding | 12.98 M | ||||
| Shares Owned By Insiders | 0.76 % | ||||
| Shares Owned By Institutions | 78.12 % | ||||
| Number Of Shares Shorted | 155.43 K | ||||
| Price To Earning | 17.49 X | ||||
| Price To Book | 1.73 X | ||||
| Price To Sales | 5.38 X | ||||
| Revenue | 203.5 M | ||||
| Gross Profit | 101.25 M | ||||
| EBITDA | 85.95 M | ||||
| Net Income | 4.74 M | ||||
| Cash And Equivalents | 16.8 M | ||||
| Cash Per Share | 1.29 X | ||||
| Total Debt | 774.8 M | ||||
| Debt To Equity | 1.04 % | ||||
| Current Ratio | 0.32 X | ||||
| Book Value Per Share | 41.51 X | ||||
| Cash Flow From Operations | 61.23 M | ||||
| Short Ratio | 3.39 X | ||||
| Earnings Per Share | 4.16 X | ||||
| Price To Earnings To Growth | (2.33) X | ||||
| Target Price | 75.25 | ||||
| Beta | 1.04 | ||||
| Market Capitalization | 913.76 M | ||||
| Total Asset | 1.46 B | ||||
| Retained Earnings | (427.68 M) | ||||
| Working Capital | 178.77 M | ||||
| Current Asset | 296.21 M | ||||
| Current Liabilities | 117.44 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 5.56 % | ||||
| Net Asset | 1.46 B | ||||
| Last Dividend Paid | 2.8 |
About Tidal Trust Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tidal Trust II's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tidal Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tidal Trust II 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.
Thematic Opportunities
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Check out Tidal Trust Piotroski F Score and Portfolio Optimization analysis. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Tidal Trust II is measured differently than its book value, which is the value of Tidal that is recorded on the company's balance sheet. Investors also form their own opinion of Tidal Trust's value that differs from its market value or its book value, called intrinsic value, which is Tidal Trust'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 Tidal Trust's market value can be influenced by many factors that don't directly affect Tidal Trust'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 Tidal Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal Trust'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.